European markets were all heavily down overnight and US markets...

European markets were all heavily down overnight and US markets all up.

The FTSE fell 69 points (.85%), the DAX fell 157 points (.84%) and the CAC fell 91 points (1.19%).

Chinese GDP growth data for the last quarter came in below expectations at 4.7% - expectation for 5.1%. This was also down from 5.3% in the previous quarter. This dragged on European markets. This could also drag on the ASX mining stocks today on the ASX.

In the US, the DOW rose 210 points (.53%), the NBI rose 11 points (.23%), the NASDAQ Composite rose 744 points (.40%) and the Russell small cap index rose 38 points (1.880%).

Rise in the Russell small cap index indicates a greater risk appetite for stocks.

US earnings season is underway and started with good results from Goldman Sachs with a 150% surge in profits for the second quarter. Company earnings will add to any volatility on the US markets over the next month.

The US Treasury 10 year bond yield is at 4.23%.

Oil price is steady - Brent crude is at US$84.84 per barrel.

Gold price is trending up - now at US$2,422 per oz.

BITCOIN price has surged to US$63,382.

BITCOIN is up as markets factor in a Trump victory in US presidential elections - Trump is seen to be less focused on regulatory rules than Biden.