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Global stock markets were mostly slightly higher overnight. U.S. stock indexes were pointed to slightly lower openings when the New York day session begins. The marketplace is calmer late this week, after absorbing a hot U.S. consumer price index report on Tuesday that jolted markets. Traders are now focusing on next week’s FOMC meeting, which is expected to see the Fed raise the key U.S. Fed funds rate by 0.75% in its effort to tamp down problematic price inflation.
The key outside markets today see Nymex crude oil prices weaker and trading around $87.50 a barrel. The U.S. dollar index is slightly up in early U.S. trading. The yield on the 10-year U.S. Treasury note is fetching 3.439%.
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Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »