In Europe, the FTSE fell 26 points (.31%), the DAX fell 115 points (.53%) and the CAC fell 34 points (.43%).
EU will cut taxes on US motor vehicles to head off US tariffs. EU will aloo buy more US natural gas.
In the US, the DOW fell 444 points (.99%), the NBI had a significant fall of 95 points (2.08%), the NASDAQ Composite fell 268 points (1.36%) and the Russell small cap index fell 27 points (1.19%).
Amazon earnings report underwhelmed the markets.
January jobs report disappointed the markets. Non-farm payroll jobs increased by 143k in January - with market expectations of 175k). January figure is down from the December's 307k
Trump announced he would be introducing "reciprocal" tariffs next week.
Heightened fears of inflation as tariffs will essentially be a $1,200 tax on consumers in the US - largest tax rise since 1993.
US Treasury 10 year bond yield rose and is sitting at 4.494%
Oil prices rose - Brent crude at US$74.70 per barrel.
Gold price rose to US$2,861. Silver price fell. Silver has also an industrial use, so a fall here is not that good a sign.
BITCOIN fell to US$96,127.
IMU Price at posting:
3.7¢ Sentiment: Buy Disclosure: Not Held
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