Mixed bag for global markets overnight. Though largely positive.
In Europe, the FTSE fell 25 points (.32%), the DAX rose 323 points (1.70%) and the CAC rose 55 points (.76%).
Interest rate cuts across Europe overnight with the UK, Sweden and the Czech Republic all cutting rates by .25%
In the US, the DOW barely moved and was down less than one point (.001%), the NBI rose 58 points (1.22%), the NASDAQ Composite rose 285 points (1.51%) and the Russell small cap index fell 10 points (.43%).
Markets reacting to Trumps promises to reduce corporate tax and chase deregulation.
US Fed also cut interest rates by .25%. US economy is getting stronger, and Trump could be lucky inheriting an economy where interest rates are falling.
US Treasury 10 year bond yield is down to 4.339%
Oil prices are steady - Brent crude at US$75.40 per barrel.
Precious metals recovered a bit overnight - gold price is at US$2,704 per oz.
BITCOIN up slightly to US$76,582.
IMU Price at posting:
4.5¢ Sentiment: Buy Disclosure: Held
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