Ann: Letter to Shareholders, page-149

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    European markets were down overnight.

    The FTSE fell 38 points (.44%), the DAX fell 133 points (.57%) and the CAC fell 70 points (.91%).

    European markets are waiting for central bank interest rate decisions in the UK and US.

    UK interest rate decision tomorrow and expectations that the BoE will reduce rates by .25%

    US markets were n positive territory overnight.

    The DOW rose 284 points (.70%), the NBI rose 12 points (.31%), the NASDAQ Composite rose 48 points (.27%) and the Russell small cap index rose 6 points (.33%).

    China and the US will begin trade talks in Switzerland on the weekend.

    US Fed kept interest rates on hold.

    Jerome Powell said in keeping rates on hold:

    "Risks of higher unemployment and higher inflation have risen"

    "My gut tells me that uncertainty about the path of the economy is extremely elevated and the downside risks have increased".

    US Treasury 10 year yield fell to 4.277%

    Oil prices fell - Brent crude at US$60.94 per barrel.

    Gold price is down to US$3,372 per oz.

    BITCOIN rose to US$96,417.



 
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