In Europe there was bargain hunting by investors based on renewed hopes of negotiating Trumps tariffs. Not ure why tht i the case as Trump is playing hardball and has said tariffs are permanent particularly with countries having a trade surplus with the US.
The FTSE rose 208 point (2.71%), the DAX rose 490 points (2.48%) and the CAC rose 173 points (2.50%).
China has called the Trump tariffs "blackmail" and will not back down from retaliatory tariffs.
US markets started following the European trend upwards until Trump said that 104% tariff on China would be imposed immediately - then the US market went into steep reverse.
The DOW dropped 320 points (.84%), the NBI fell 124 points (3.24%), the NASDAQ Composite fell 335 points (2.15%) and the Russell small cap index fell 49 points (2.73%).
US Treasury 10 year bond yield rose to 4.282%
Oil prices fell - Brent crude i at US$61.94 per barrel.
Precious metal prices edged up - gold i at US$2,984 per oz.
BITCOIN fell to US$76,815.
IMU Price at posting:
2.5¢ Sentiment: Buy Disclosure: Not Held
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