William (Bill) Patalon III is the Executive Editor and Senior Research Analyst for Money Morning. Before he moved into the investment-research business in December 2005, Bill spent 22 years as a journalist, most of it covering financial news as a reporter, columnist, and editor that included stints withGannett Co. Inc., and The Baltimore Sun.
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World stock markets were mostly lower Wednesday, following some downbeat U.S. corporate earnings news, including from Apple, and as crude oil prices are slumping this week. There were also some weak consumer confidence reports coming out of the European Union Wednesday.
U.S. stock indexes are also pointed toward lower openings when the New York day session begins.
Gold prices are under mild selling pressure in early U.S. dealings.
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