World Equity Markets Lower; U.S. GDP Report On Deck

Global stock markets were mostly weaker overnight. U.S. stock indexes are also pointed to lower openings when the New York day session begins. The near-term technical postures for the U.S. stock indexes are starting to deteriorate. Bearish weekly low closes on Friday would begin to suggest the indexes have put in near-term tops.

Gold prices are trading slightly lower in pre-U.S.-session action, on a mild corrective pullback from good gains Thursday that pushed the yellow metal to a six-week high.

The marketplace is awaiting the U.S. second-quarter advance gross domestic product (GDP) report, due out at 8:30 a.m. EDT Friday morning. Forecasts are calling for GDP growth of 2.7% in 2Q, year-on-year, versus the first-quarter reading of up 1.4%.

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