Some interesting developments with global markets overnight.
Trump threatened to impose "unfairness" tariffs on the EU which he claimed as being a "terrible abuser" to the US. He further suggested that these tariffs could come into effect "within days". This had a negative effect on European markets.
The FTSE fell 2 points (.034%), the DAX fell 410 points (1.75%) ad the CAC fell 76 points (.94%).
EU economy grew by .4% in qtr 4 2024.
EU GDP grew by 1.4% in 2024.
US markets started deeply in the red. Jerome Powell (US FED) made a speech where he stated that the US economy was in good shape, the labour market was strong, and inflation was heading down. US markets made a swift U-turn and went into positive territory.
The DOW rose 222 points (.52%), the NBI rose 12 points (.28%), the NASDAQ Composite rose 126 points (.70%) and the Russell small cap index rose 8 points (.43%).
US monthly jobs data showed 151k new jobs added in February. This was lower than market expectations of 160k.
US unemployment ticked up to 4.1% - previously at 4%.
US Treasury 10 year bond yield was up to 4.302%
Oil prices rose - Brent crude is at US$70.35 per barrel.
Gold price was steady at US$2,909 per oz.
BITCOIN fell to US$86,199.
IMU Price at posting:
3.6¢ Sentiment: Buy Disclosure: Not Held
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