Middle East tensions are weighing negatively on global market sentiment.
In Europe, the FTSE fell 51 points (.58%), the DAX fell 260 points (1.12%) and the CAC fell 102 points (1.34%).
BoE decision to hold interest rates.
Switzerland cut its interest rate to zero.
Australian unemployment level steady at 4.1% despite small drop in employment.
US markets were closed for the Juneteenth public holiday. Yes, there actually is a Juneteenth public holiday in the US. It is a public holiday celebrating the end of slavery - and I had to look that up.
DOW futures look vey bleak and are deeply in the red.
US Fed kept interest rates on hold but is still anticipating two cuts later in 2025.
US Treasury bond yield is at 4.39%
Oil prices continue to rise. Brent crude is at US$78.74 per barrel. There are dire predictions that oil could rise to US$120 per barrel if middle East tensions continue.
Gold price slipped to US$3,367 per oz.
BITCOIN is at US$104,710.
IMU Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
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