European markets were mixed overnight though somewhat subdued.
The FTSE rose 9 points (.11%), the DAX rose 47 points (.19%) and the CAC fell 14 points (.18%).
ECB lowered official interest rates by .25%.
ECB president Christine Lagarde said that the bank was nearing the end of the monetary policy cycle and refused to declare that there was a victory over inflation - ie end to further rate cuts. Market is still factoring in one more rate cut in September.
US markets were down overnight.
The DOW fell 108 points (.25%), the NBI fell one point (.043%), the NASDAQ Composite fell 162 points (.83%) and the Russell small cap index fell 1 point (.054%).
Chinese state media reported that President Xi Jinping had a phone call with Trump over trade.
US job data comes out tomorrow.
Tesla fell 14% on escalating tensions between Trump and Musk which is getting a bit nasty. Both exchanged barbs over social media overnight.
US Treasury 10 year bond yield went up to 4.393%.
Oil price rose - Brent crude is at US$65.25 per barrel.
Gold price dipped a bit and is at US$3,352 per oz. Silver price went up strongly.
BITCOIN fell back to US$100,859.
IMU Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
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