European markets all up overnight. Largely based on the residual hysteria about AI one would suspect.
The FTSE rose 21 points (.28%), the DAX rose 48 points (.28%) and the CAC rose 55 points (.70%).
In the US, the DOW rose 62 points (.16%), the NBI rose 34 points (.78%), the NASDAQ Composite fell 44 points (.28%) - hangover from yesterday's exuberance perhaps. The Russell small cap index eked out a modest gain of 2 points (.14%).
The crisis in the property sector in China deepened with Moody removing credit ratings from 11 Chinese property companies. Downturn in China's property market will have an effect on the ASX as Chinese demand for raw materials could decline.
US treasury 10 year bond yield is down to 4.25%.
Oil prices took a hit - Brent crude price down to US$81.70 per barrel.
The gold price is up to US$2,036 per oz.
European markets all up overnight. Largely based on the residual...
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