European markets were mixed overnight.The FTSE rose 20 points...

European markets were mixed overnight.

The FTSE rose 20 points (.24%), the DAX fell 130 points (.54%) and the CAC fell 13 points (.17%).

UK unemployment data showed a ris in unemployment to 4.6% for April.

World bank has called on Trump to end tariffs saying that the global economy would be .2% stronger if tariff levels were halved.

Indermit Gill, World Bank chief economist, said the first measure that would help to revive growth in developing economies would be to “rebuild trade relations”.

He also urged developing economies to lower tariffs if they wanted to improve growth.

“The evidence is clear: economic cooperation is better than any of the alternatives — for all parties,” he said.

“Most developing economies today tend to have far higher tariffs than high-income economies.

“If their goal is to accelerate growth, their best course of action will be to lower tariffs with respect to all trading partners.

US markets were all up overnight.

The DOW rose 1005 points (.25%), the NBI rose 38 points (.90%), the NASDAQ Composite rose 123 points (.63%) and the Russell small cap index rose 11 points (.56%).

Another day of US-China trade talks in London with the meeting lasting 6 hours.

US National Economic Council director was upbeat stating that he expects "U export controls to be eased and rare earths to be released in volume".

US Treasury 10 year bond yield i at 4.471%

Oil prices slipped back marginally to US$66.65 per barrel.

The gold price is at US$3,322 per oz.

BITCOIN rose to US$109,612.