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European markets were up ovrnight and US markets were mixed but...

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    European markets were up ovrnight and US markets were mixed but still in a downward trend.

    The FTSE rose 47 points (.59%), the DAX rose 23 points (.13%) and the CAC rose 43 points (.55%).

    In the US, the DOW had another bad day and closed lower by 330 points (.86%), the NBI fell 75 points (1.75%), the NASDAQ Composite fell 183 points (1.08%) and the Russell small cap index rose 20 points (1.0 %).

    Markets are waiting on the US PCE data out tomorrow.

    There is a lot of uncertainty in US markets over the future of interest rate movements with the expectation that rate cuts will be a long time coming. Markets hate uncertainty.

    US Treasury 10 year bond yield went down to 4.56%.

    Oil prices dropped - Brent crude at US$82.00 per barrel.

    Gold price is at US$2,341 per oz.

    BITCOIN price fell to US$68,174.

    ASX normally follows the movements of the DOW so, we may get another red day on the ASX.



 
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