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European markets all fell heavily overnight.European markets are...

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    European markets all fell heavily overnight.

    European markets are spooked by the rise of populist extreme right wing parties in Europe and the prospect of the election of Marine Le Pen in the upcoming French snap election.

    The FTSE fell 51 points (.63%), the DAX plummeted 365 points (1.96%) and the CAC fell 156 points (1.99%).

    UK GDP data showed that the UK economic growth is stagnant.

    In the US, the DOW fell 65 points (.17%), the NBI fell 6 points (.15%), the NASDAQ Composite rose 59 points (.34%) and the Russell small cap index fell 18 points (.8%).

    US PPI (Producer Price Index) growth dropped .2% in May (annualised 2.2%) down from 2.3% in April.

    US new jobless claims rose in May to 242k - higher than expected.

    US Treasury 10 year bond yield fell to 4.24%.

    Oil price is steady after US inventories were higher than expected. Brent crude is at US$82.24 per barrel.

    The gold price fell to US$2,303 per oz.

    BITCOIN price slomper overnight and is at US$66,654.
 
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