Stock markets were mixed overnight.
In Europe, the FTSE rose 24 points (.33%), the DAX rose 12 points (.082%) and the CAC rose 21 points (031%).
The story in the US was very different.
The DOW fell 105 points (.32%) - the DOW was down over 300 points at one stage.
The NASDAQ Biotech Index fell 61 points (1.63%), the NASDAQ Composite closed down 318 points (2.43%) and the Russell small cap index fell 28 points (1.67%).
The fall in the NASDAQ came as a result of mixed earnings results - Alphabet was dragged down by falls in revenue from its cloud business. Microsoft went up marginally but in a muted way only after posting a good result.
Amazon and Meta will be releasing its earnings reports tomorrow.
China has announced a US$139bil stimulus package - construction and other projects. This will not be in the property construction sector which is under a lot of pressure.
Brent crude oil price is at US$87.26 a barrel.
US Treasury 10yr bond yields at 4.87%.
Mike Johnson has been named the new house speaker in the US. This has renewed hopes of avoiding a gov't shutdown. He has stated that he has a plan to avoid the shutdown.
Why IMU is a multi multi bagger, page-17489
Add IMU (ASX) to my watchlist
 (20min delay)
|
|||||
|
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 |