Global Stock Markets Lifted By Upbeat Yellen Speech

World stock markets were mostly firmer overnight. U.S. stock indexes are also pointed toward modestly higher openings when the New York day session begins. Federal Reserve Chair Janet Yellen delivered a speech Tuesday that sounded an arguably hawkish tone on U.S. monetary policy, and an upbeat tone on the U.S. economy. The world equity markets took this as a positive sign that a strengthening U.S. economy and rising inflation will help the other major industrialized countries' economic growth prospects, as well as reignite some wanted inflation. Gold prices are lower in pre-U.S.-day-session trading Wednesday. The surging U.S. dollar this week is a bearish element for the precious metals markets, as well as other raw commodity markets. The U.S. dollar bulls are on a roll this week, as the U.S. dollar index is higher and hit a five-week high overnight. To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and visitors become smarter, more confident investors. Disclaimer: © 2017 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Global Stock Markets Lifted By Upbeat Yellen Speech appeared first on Money Morning - We Make Investing Profitable .
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