Global Markets Shudder Amid Downdraft In Oil Prices; U.S. Jobs Report On Deck
May 05, 2017 at 07:30 AM EDT
Global equity markets were mostly weaker overnight. A feature in the marketplace late this week is the steep drop in crude oil prices. Nymex crude oil futures prices are weaker early Friday morning, but well off the overnight low of $43.76 a barrel, which is a 12.5-month low. Stock and commodity markets are feeling downside pressure late this week as the crude oil market became unhinged. U.S. stock indexes are pointed toward modestly lower openings when the New York day session begins. Fears of slowing economic growth in China, the world's second-largest economy and world's largest raw commodity importer, have also hit the raw commodity sector this week. Gold prices are moderately higher in pre-U.S. trading, on some short covering and bargain hunting after prices hit a six-week low on Thursday. 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 Moneymorning.com 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 Markets Shudder Amid Downdraft In Oil Prices; U.S. Jobs Report On Deck appeared first on Money Morning - We Make Investing Profitable .