European markets were all down overnight - largely following US...

European markets were all down overnight - largely following US markets.

The FTSE declined 37 points (.47%), the DAX fell 142 points (.79%) and the CAC fell 21 points (.27%).

In Europe, the ECB held interest rates at current levels - but indicated that they are working on cuts in June. They commented that they were independent from the US Fed.

UK GDP data for February is due tomorrow.

On the Biotech front, there was a bit of an AstraZeneca shareholder revolt after the CEO received a huge pay rise - and 36% of SH voted against it. The AZ CEO is already the highest paid CEO on FTSE listed companies and the rise was considered excessive. Maybe a timely warning to IMU's BOD.

In the US, the DOW fell 2 points (.006%), the NBI rose 25 points (.59%), the NASDAQ Composite rose 272 points (1.68%) and the Russell small cap index rose 14 points (.70%). Big tech companies drove the NASDAQ.

US Treasury 10 yar bond yield continues to be high - 4.6%.

Oil prices still influenced by middle east tensions - Brent crude at US$90.25 per barrel.

Gold price is currently at US$2,375 per oz.

BITCOIN has jumped again to record levels - currently at US$70,740