Why IMU is a multi multi bagger, page-23321

European markets all up overnight.

The FTSE rose 40 points (.49%), the DAX rose 68 points (.37%) and the CAC rose 55 points (.69%).

Sweden became th first European country to cut interest rates as its inflation is close to the target figure of 2% - down from 10% peak. It is out of step with the ECB which expects to cut rates in June/July. t is expected that there will be two further cuts in late 2024.

In the US, markets were mixed.

The DOW rose 172 points (.44%), the NBI fell 24 points (.56%), the NASDAQ Composite fell 29 points (.18%) and the Russell small cap index fell 9 points (.46%).

Comments from the US Fed that sticky inflation may mean foregoing any interest rate cuts in 2024.

Oil prices are steady due to increased oil inventories in the US - an indication of less demand.

US Treasury 10 year bond yield is at 4.5%

Oil prices steady - Brent crude at US$83.75 per barrel.

The gold price has slipped to US$2,308 per oz.

BITCOIN sits at US$61,604.