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Election uncertainty is still gripping European markets at the...

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    Election uncertainty is still gripping European markets at the moment.

    The FTSE fell 45 points (.56%), the DAX fell 126 points (.69%) and the CAC fell 22 points (.30%).

    EU June inflation data was marginally lower in June at 2.5% (down from 2.6% in May). Core inflation also fell slightly to 2.8% (down from 2.9% in May).

    US markets largely in the green overnight except for the NBI.

    The DOW rose 162 points (.41%), the NBI fell by 49 points (1.09%), the NASDAQ Composite rose 149 points (.84%) and the Russell small cap index rose 3 points (.19%).

    US JOLTS (Job Openings and Labor turnover) data is our tomorrow. US Labour market is resilient and continues to be very stable. Expectations are for 200-225k new jobs created and the unemployment figure to drop from 4% to 3.9%.

    US Treasury 10 year bond yield is at 4.43%.

    Oil price is still on the rise - Brent crude at US$86.56 per barrel.

    Gold price at US$$2,3330 per oz.

    BITCOIN currently at US$61,894.
 
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