The FTSE rose 9 points (.11%), the DAX rose 126 points (.58%) and the CAC rose 22 points (.28%).
European commission has warned that it will not hesitate to retaliate against fresh US tariffs.
US markets were largely in negative territory overnight. The DOW did manage gains but all other indices fell. Very worrying signs with the Biotech sector which recorded another significant drop.
The DOW rose 123 points (.28%), the NBI fell 56 points (1.26%), the NASDAQ Composite fell 70 points (.36%) and the Russell small cap index fell 12 points (.53%).
US Fed's Jerome Powell stated:
"We do not need to be in a hurry to adjust our policy stance". Indicating a slowing of future interest rate cuts.
US Treasury 10 year bond yield rose to 4.538%
Oil prices rose strongly - Brent crude at US$76.89 per barrel.
Precious metal prices fell - Gold at US$2,898 per oz.
BITCOIN fell to US$95,458.
IMU Price at posting:
3.5¢ Sentiment: Buy Disclosure: Not Held
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