The FTSE rose 44 points (.53%), the DAX rose 347 Points (1.56%) and the CAC rose 47 points (.59%).
Noticeable that the DAX seems the most volatile European index probably because it is more exposed to exports.
Trump accused Ireland of luring pharmaceutical companies away from the US via their tax policies. and said he would impose a 200% tariff on Irish imports.
EU is to impose 26bil euros in retaliatory tariffs on US goods in April.
Canada announced $30bil in retaliatory tariffs on US goods in response to US tariffs on steel and aluminium.
US markets were largely up overnight. Release of US CPI data lifted the markets into positive territory but the DOW then retreated somewhat in late trade.
The DOW fell 82 points (.20%), the NBI rose 15 points (.35%), the NASDAQ Composite rose 212 points (1.22%) and the Russell small cap index rose 2 points (.14%).
US CPI data showed an increase of 2.8% in February. This was down from 3% in January and below market expectations of 2.9%.
US Treasury 10 year bond yield rose to 4.318% We need to watch the 10 year bond yield as it is now rising again and a rising bond yield means money is being pulled out of the share market.
Oil prices rose - Brent crude is at US$70.96 per barrel.
Precious metal prices rose - gold is now at US$2,931 per oz. Silver is over UUD52.00 per oz.
BITCOIN drifted lower and is at US$82,773.
IMU Price at posting:
3.1¢ Sentiment: Buy Disclosure: Not Held
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