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wallstreetexaminer.com / by Jim Wyckoff • March 31, 2017

(Kitco News) – Global stock markets were mostly weaker Friday. U.S. stock indexes are pointed toward modestly lower openings when the U.S. day session begins. The U.S. stock indexes have made impressive price rebounds from selling pressure seen early this week, including the Nasdaq stock index hitting a record high on Thursday.

Gold prices are modestly lower as the U.S. day session is set to get under way. The rebound in the U.S. dollar index this week has weighed on the precious metals markets.

Friday is the last trading day of the week, of the month and of the first quarter, which makes it an extra-important trading day from a technical perspective.

In overnight news, the Euro zone consumer price index in March was up 1.5%, year-on-year, versus a reading of up 2.0% in February. The March reading was less than expected.

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