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European markets were all up overnight.The FTSE rose 70 points...

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    European markets were all up overnight.

    The FTSE rose 70 points (.86%), the DAX rose 75 points (.41%) and the CAC rose 63 points (.83%).

    European markets rose on renewed expectations of interest rate cuts in Europe and the US after some cooler economic data.

    In addition, French markets were buoyed amid intensified efforts to prevent the far right National Rally party from gaining power.

    US markets were closed for the Independence Day public holiday.

    Of interest is that Russia is going to raise its official interest rate. Currently at 16%. Russian inflation is at 8.3% with the Russian central bank goal at 4% (twice as high as the rest of the world. The high inflation is entirely due to the war in the Ukraine.

    US Treasury 10 year bond yield is at 4.37%.

    oil price remains high - Brent crude at US$86.88 per barrel.

    Gold price is up to US$2,356 per oz.

    BITCOIN has slumped to US58,284.
 
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