Global markets are again being spooked by tariff fears.
In Europe, the FTSE rose a single point (.012%), the DAX fell 94 points (.41%) and the CAC fell 31 points (.40%).
UK - India trade deal announced with reduced tariffs on a range of goods.
BoE expected to cut interest rates this week by .25% with expectations of more cuts due to tariff fears.
EU markets were in negative territory on US tariff fears.
Shell is considering acquiring BP.
US markets were all down overnight.
The DOW fell 389 points (.95%), the NBI fell 255 points (6.04%), the NASDAQ Composite fell 154 points (.87%) and the Russell small cap index fell 21 points (1.05%).
The fall in the NBI is quite concerning and a 6% fall will likely flow on to companies in the biotech sector. Very heavy fall and I am not sure as to why.
US markets are waiting in the US Fed decision on interest rates tomorrow.
US Treasury 10 year bond yield fell to 4.299%
Oil prices rose - Brent crude at US$62.05 per barrel.
Gold price rose to US$3,432 per oz.
BITCOIN is up to US$94,605.
IMU Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
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