European markets were mixed overnight.
The FTSE rose 22 points (.28%), the DAX fell 16 points (.088%) and the CAC rose 34 points (.46%).
US markets fell heavily.
US markets are spooked by Middle East tensions. Oil prices surged another 4% overnight.
Also weighing on the markets are the upcoming CPI inflation data out on Thursday.
The strong job data that came out last week have crushed hopes for another .5% cut in interest rates in November. Markets are only factoring in an 88% chance of a .25% cut.
The DOW fell 398 points (.94%), the NBI fell 57 points (1.23%), the NASDAQ Composite fell 213 points (1.18%) and the Russell small cap index fell 19 points (.89%).
Suspect the ASX will get a pounding today - 100 point drop on the cards.
Of concern is that the US Treasury 10 year bond yield is now over the 4% barrier - 4.027%.
Oil prices surged 4% and went over the US$80 mark - Brent crude is at US$81.08 per barrel.
Precious metals dipped a bit - gold prices sitting at US$2,643 per oz.
BITCOIN is up to US$63,320.
Why IMU is a multi multi bagger, page-26859
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Last
4.6¢ |
Change
0.001(2.22%) |
Mkt cap ! $342.1M | |||
| Open | High | Low | Value | Volume |
| 4.5¢ | 4.7¢ | 4.5¢ | $906.2K | 19.67M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 9543864 | 4.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.6¢ | 1266571 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| IMU (ASX) Chart |