Fairly dismal day for markets overnight - UK got some good news...

Fairly dismal day for markets overnight - UK got some good news o the GDP front and was the only index to end in the green.

In Europe the FTSE rose 71 points (.91%), the DAX fell 24 points (.13%) and the CAC fell12 points (.16%).

UK GDP data showed a .1% growth for February. There was a .3% rise in January so further data to show the UK is no longer in recession.

In Germany, March inflation data showed inflation at 2.2%. This is down from 2.5% in February and 2.9% in January. Europe seems to be in a better position to start cutting interest rates than in the US.

Big worry is the continued rise in oil prices with Brent crude moving past US$92 per barrel overnight.

US markets fell heavily. Monday not looking so flash for the ASX.

The DOW fell 475 points (1.24%), the NBI crashed 91 points (2.14%), the NASDAQ Composite fell 267 points (1.62%) and the Russell small cap index fell 39 points (1.93%).

The US 10 year bond yield sits at 4.52%.

Brent crude oil price has settled at US$90.30 per barrel.

The gold price is US$2,345 per oz.

BITCOIN is at US$66,976.