European markets were largely in the red overnight.
The FTSE managed a small rise of 5 points (.07%), the DAX fell 10 points (.052%) and the CAC fell 36 points (.49%).
German factory orders fell by 5%.
UK borrowing is at its highest level in 40 years.
In the US, markets were mixed.
The DOW rose 106 points (.25%), the NBI fell 24 points (.55%), the NASDAQ Composite fell 10 points (.055%) and the Russell small cap index fell 10 points (.48%).
The US markets will be closed tomorrow for Jimmy Carters state funeral.
Release of the US Fed minutes showed concerns that inflation will rise due to the new tariff policies that could come with the new administration.
Stock Market Today: Dow Jones Inches Higher After Fed Minutes; Nvidia Tests Key Level (Live Coverage)
Minutes of the Fed meeting held in December — when the board cut rates to a range of 4.25%-4.5% — showed that "participants indicated that the Committee was at or near the point at which it would be appropriate to slow the pace of policy easing." The Fed is concerned about inflation wrought by potential tariffs from President-elect Donald Trump, according to the Wall Street Journal.
US new unemployment claims fellby 10k to 201k - market expectations were for 214k.
Oil prices dipped despite falling production from the OECD and a fall in US reserve inventories.
US Treasury 10 year bond yield rose to 4.699%
Oil prices slipped to US$76.17 per barrel.
Gold price edged up to US$2,633 per oz
BITCON price fell to US$93,922.
IMU Price at posting:
4.5¢ Sentiment: Buy Disclosure: Not Held
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