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Global markets pulled back from the euphoria of the US interest...

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    Global markets pulled back from the euphoria of the US interest rate cut overnight.

    In Europe, the FTSE fell 98 points (1.19%), the DAX fell 282 points (1.49%) and the CAC fell 115 points (1.51%).

    In the US, the DOW bucker the trend and actually rose 38 points (.091%), the NBI closed lower by 39 points (.80%), the NASDAQ Composite fell 65 points (.36%) and the Russell small cap index dived 24 points (1.10%).

    Will be interesting to see if the falls are a natural reaction to the large gains and if the markets will now continue to rise next week.

    US Treasury 10 year bond yield edged up to 3.74%.

    Oil prices were steady - Brent crude at US$74.61 per barrel.

    Gold prices continued to surge to record levels. Gold sitting at US$2,620 per oz.

    BITCOIN is sitting at US$62,750.
 
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