The FTSE rose 103 points (1.21%), the DAX rose 316 points (1.47%) and the CAC rose 115 points (1.47%).
BoE cut UK interest rates by .25%. UK plunged in value as 2 of the 7 voting members wanted steeper cuts - indications to the market that further cuts will eventuate.
BoE halved its forecast for UK to just .75% in 2025.
UK inflations expected to hit 3.7% in 2025. Unemployment predicted to be 4.75%.
US markets were largely in the red overnight.
The DOW fell 125 points (.28%), the NBI had a significant fall of 60 points (1.31%), the NASDAQ Composite managed a rise of 99 points (.51%) and the Russell small cap index fell 9 points (.39%).
US new jobless data showed a rise to 219k (market expectations were for 213k). There are signs of a slowing labour market in the US.
Private payroll numbers were up 183k (markets were expecting 150k).
US Treasury bond yield rose to 4.438%
Oil prices slipped a bit - Brent crude is at US$74.28 per barrel.
Gold price also down a bit to US$2,856 per oz.
BITCOIN fell to US$96,915.
IMU Price at posting:
3.6¢ Sentiment: Buy Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)