Why IMU is a multi multi bagger, page-23877

Global markets were essentially in the green overnight.

Inflation data from the Eurozone and the US were largely in line with expectations. Markets reacted positively.

In Europe, Inflation rose more than expected to 2.6% (expectation was for 2.5%). Core inflation was at 2.9% (expectations were for 2.7%.

US PCE was up .3%from the previous month - 2.7% annualised. This was largely i line with expectations.

There were concerns about US economic growth which was growing at a slower rte - 1.3% down from 1.6%.

The FTSE rose 44 points (.54%), the DAX rose a single point (.01%) and the CAC rose 14 Points (.18%).

In the US, the DOW had a strong rise of 574 points (1.51%), the NBI rose 13 points (.31%), the NASDAQ fell marginally by 2 points (.012%) and the Russell small cap index climbed 13 points (.66%).

Markets reported that Trumps Truth social media lost US$357mil after the guilty verdict.

Oil prices dopped due to concerns on falling demand.

The US Treasury 10 year bond yield fell to 4.5%.

Oil prices were down - Brent crude at US$81.63 per barrel.

Gold price also fell to US$2,327 per oz.

BITCOIN continues to slide - down to US$67,581.