The FTSE rose 14 points (.17%), the DAX rose 167 points (.70%) and the CAC fell 3 points (.04%).
Eurozone inflation set to drop to 2% in mid 2025 and to 1.7% in 2026.
In Australia, the RBA is expected to lower the official interest rate by .5% today.
In the US, markets continue to be in positive territory. They did drop after the Moody's downgrade but recovered in late trade.
The DOW rose 137 points (.32%), the NBI rose 47 points (1.18%), the NASDAQ Composite rose 4 points (.023%) and the Russell small cap index fell 8 points (.42%).
Moody's stripped the US of its AAA credit rating over concerns of rising US debt. Aaa to Aa1.
Moody's is the last credit agency to drop the credit rating after Fitch and S@P had previously done so.
Moody's stated that Trumps tax cuts would add $4trillion to the debt level over the next decade.
US Treasury 10 year bond yield rose to 4.449%
Oil prices rose - Brent crude is at US$65.48 per barrel.
Gold price rose to US$3,230 per oz.
BITCOIN rose to US$105,362.
IMU Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
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