Closing positions of: FTSE 100, S&P 500, DOW, DAX, NASDAQ, NIKKEI & GOLD
I trade these on a regular basis
FTSE 100 – closed at: 7489 (down)
DAX – closed at: 12362 (down)
DOW – closed at: 27141 (down)
S&P 500 – closed at: 3003 (down)
NASDAQ – closed at: 8238 (down)
NIKKEI – closed at: 21756 (up)
GOLD – closed at: $1,415
Note
UK – FTSE 100 drops back slightly -12 pts down on yesterday to close at: 7489
DAX loses ground too. Closes at: 12362 down 161 pts.
ECB interest rate & policy announcement
EU – ECB leave interest rates unchanged with no new monetary stimulus, at least not yet. Indication is that a rate cut and more stimulus may now happen in September 2019. The stage is set.
Eleven years of ECB tinkering hasn’t helped. Inflation is far from out of control and 0% & minus interest rates and massive quantitative easing, just hasn’t helped.
U.S. stocks update
Dow Jones falls. S&P 500 & NASDAQ trim back on yesterdays all time highs.
U.S. stocks fell on Thursday as investors start to fret again, worried that the Federal Reserve will not be as accommodating with monetary policy next week after stronger than expected economic data and remarks from ECB President Mario Draghi indicated that there is not a significant risk of a recession.