Some interesting happenings overnight.
All European markets were down overnight.
The FTSE fell 18 points (.22%), the DAX fell 72 points (.39%) and the CAC fell 52 points (.69%).
Slowing Chinese economy is having a negative impact on Europea stock markets.
IMF is predicting that the UK economy will be the fastest growing economy in Europe in 2025. Current UK GDP is growing at .7% and prediction is for a 1.5% growth in 2025.
All US markets were up overnight.
The DOW surged and closed up 742 points (1.85%), the NBI rose 80 points (1.66%), the NADAQ Composite had a modest gain of 36 points (.20%) and the Russell small cap index had a stellar day and closed up 76 points (3.50%).
Figures would seem to indicate a broader bullish market other than just AI stocks.
Continued rise in the Russell index would appear to underpin the lessening of risk aversion to the markets.
US retail sales data showed a rise in June of .4% in consumer spending.
US treasury 10 year bond yields fell significantly to 4.164%. Another sign that funds are returning to stocks.
Oil price dropped - Brent crude is at US$83.79 per barrel.
The gold price also rose strongly ad is at US$2,469 per oz.
BITCOIN continues to surge and is currently at US$64,825.
Some interesting happenings overnight.All European markets were...
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