The FTSE rose 14 points (.16%), the DAX rose 184 points (.77%) and the CAC rose 40 points (.53%).
The Australian economy grew by just .2% in Q1 2025 - 1.3% over the year. This was below expectations slowing from .6% in Q4 2024.
US markets were mixed overnight after the release of disappointing economic data.
The DOW fell 91 points (.22%), the NBI fell 2 points (.065%), the NASDAQ Composite rose 61 points (.32%) and the Russell small cap index fell 4 points (.21%).
US private sector employment for May came in at 37K - this is lower than the 62k in April and well below expectations of 115k. Data is the lowest since March 2023.
US services PMI contracted in May.
Trump attacked US Fed chair Jerome Powell for not dropping interest rates stating the EU had done so 9 times.
Optimism for a US-China trade deal is dimming after Trumpsaid that President Xi "is extremely hard to deal with". Think this may be code for China not caving in to US pressure.
One interesting thing creeping into market activity is the reduction in volatility (VIX index) on global markets. The TACO effect seems to make the uncertainty less evident.
US Treasury 10 yar bond yield slipped considerably and is at 4.356%
Oil prices dropped - Brent crude is at US$64.85 per barrel.
Gold price firmed and is at US$3,372 per oz.
BITCOIN i down to US$104,608.
IMU Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)