European mrkets were mixed - though subdued overnight.
The FTSE rose 26 points (.32%), the DAX rose 57 points (.27%) and the CAC fell 5 points (.07%).
China's GDP grew by 5.7% in Qtr 1 2025.
US markets dived overnight after a warning from the US Fed on inflation.
The DOW fell 699 points (1.73%), the NBI fell 78 points (1.96%), the NASDAQ Composite fell 516 points (3.07%) and the Russell small cap index fell 19 points (1.03%).
Jerome Powell (US FED chairman) warned that Trumps tariffs would fuel inflation and delay any interest cuts. This was in direct contradiction to Trumps statement that he had "already solved inflation".
"The administration is implementing significant policy changes in particular trade, and the effects of that are likely to move us away from our goals"
"So, unemployment is likely to go up as the economy slows in all likelihood and inflation is likely to go up as tariffs find their and some part of those tariffs come to be paid by the consumer."
US Treasury 10 year bond yield fell to 4.275%
Oil prices rose - Brent crude is at US$65.97 per barel.
Gold price rose to US$3,341 per oz.
BITCOIN rose slightly to US$84,285.
IMU shorting positions have settled to around the 5% mark - IMU is now down to the 43rd most shorted stock o the ASX.
IMU Price at posting:
2.6¢ Sentiment: Buy Disclosure: Not Held
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