FXStreet — The US stock markets picked up on the dynamic recovery from the Friday and opened friendly week kick-off. Thus, the entire course get losses, which arose in the last week due to the political turmoil in the associations of States.
According to Reports from the Mainstream media asked US President Donald Trump, the Ex-FBI Director James Comey, the investigations against the former security Advisor Mike Flynn, and the US stock markets turned in the previous week in risk — off mode because the markets doubt to the ability of the U.S. government, which is necessary in order to justify the recent rally to record highs.
The focus now changes from the domestic Controversies in the United States in the direction of the next OPEC production cut, which shall be deemed made to the markets in the meantime. This should support Oil prices and also the risk-willingness of investors to stabilize.
The Dow Jones Industrial Average Index recently climbing to more than 100 points on 20.900 counter. For the much broader S&P 500 Index was 10 points to 2.392 counter top. The Nasdaq Composite climbed 30 points and jumped over the round mark of 6,100 meters.
Because on Monday, no further economic data on the Agenda, investors will focus on Speeches of some representatives of the American Central Bank, the Fed.
** FXStreet News Editorial, FXStreet**