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Global markets mixed

U.S. stocks are pointing higher this morning as the world generally shrugs off a “No” vote in this weekend’s Italian referendum. The S&P 500 is up 0.34%, while the Dow is up 0.40%.

Asian finished broadly lower Monday as investors showed uncertainty over political situations in the West. The Shanghai was down 0.37% and the Nikkei was down 0.82%.

In Europe, markets are up today following a referendum that led to the resignation of Italy’s Prime Minister. The FTSE is up 0.32%, while the DAX is up 1.45%.

Energy futures are moving higher. The price for West Texas Intermediate crude oil is up $0.48 to $52.16 per barrel, while natural gas is up $0.13 to $3.56. Metals prices are mixed. Gold is down $7.20 to $1,177.70 per ounce and platinum is up 0.10 to $932.60. The Dollar is down versus the Euro and up against the Yen.

Cempra, Inc.  (CEMP),New Oriental Education & Technology Group Inc.(EDU),and Bank of America Corporation     (BAC) are early risers, while First Majestic Silver Corp. (AG),Starbucks Corporation (SBUX),and Ascena Retail Group, Inc. (ASNA) are down. [InvestorsKeyhole, various news and data sources]

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Michael Haden

Michael Haden is an Options Analyst at InvestorsObserver. He graduated from James Madison University in 1986 with a degree in Marketing. In two decades with Standard & Poor’s, Michael honed his analytical skills in the Financial Industry. He has a conservative view toward investing and prefers value stocks to high-fliers with big risk.