Global markets all bounced back overnight.
In Europe, the FTSE rose 56 points (.55%), the DAX rose 116 points (.50%) and the CAC rose 24 points (.31%).
Markets reacted positively to the possibility that the strait of Hormuz will re-open to traffic.
Trump is putting pressure on NATO allies to help police the strait of Hormuz.
Several tankers have transited the strait of Hormuz.
In the US, the Dow rose 387 points (.83%), the NBI rose 58 points (1.03%), the NASDAQ Composite rose 268 points (1.22%) and the Russell small cap index rose 23 points (.94%).
US Fed meets this week to decide movements in interest rates.
Surge in oil prices has created divisions in the US Fed on what way to move on interest rates.
Us Treasury 10 year bond yield fell to 4.223%
Oil price fell - Brent crude is at US$100.45 per barrel.
Gold price slipped to US$5,014 per oz. Silver edged up to US$80.88 per oz.
Bitcoin rose to US$74,039. Cryptocurrencies all firmed.
Add to My Watchlist
What is My Watchlist?
