The FTSE rose 10 points (.12%), the DAX rose 27 points (.13%) and the CAC fell 2 points (.03%).
ECB cut interest rates by .25% - now down to 3%. ECB has cut EU interest rates by a full 1% since July.
Swiss national bank cut interest rates by .5% - lowest interest rate since November 2022. Rate cut was required to lower the value of the Swiss franc.
In the US, the markets were all in the red.
The DOW fell 234 points (.53%), the NBI fell 91 points (2.00%), the NASDAQ Composite fell 132 points (.66%) and the Russell small cap index fell 33 points (1.38%).
Serious drop in the NBI does not favour biotech companies.
US Producer Price Index came in hotter than expected. Up .4% - market expected .2%. Markets are spooked by US "sticky inflation".
US Fed meets on December 18th to determine any move in interest rates.
US 10 year bond yield is on the way up again - not a good sign for share markets. Now sitting at 4.328%
Oil prices are steady - Brent crude at US$73.49 per barrel.
The gold price is steady - sitting at US$2,679 per oz. Silver price has fallen.
BITCOIN is sitting at US$100,000.
IMU Price at posting:
4.0¢ Sentiment: Buy Disclosure: Not Held
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