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Why IMU is a multi multi bagger, page-24186

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    Global markets were all positive overnight. Be interesting if the ASX follows the overseas lead or whether sentiment will follow Australia's poor economic growth figure released yesterday (up just .1%).

    In Europe, the FTSE rose 14 points (.18%), the DAX rose 170 points (.93%) and the CAC rose 68 points (.87%).

    News on official interest rates:

    ECB (European Central Bank) is expected to cut rates next week. This will be the first cut in 5 years.

    Bank of Canada cut its official interest rate yesterday.


    In the US, the DOW rose 96 points (.25%), the NBI had a very healthy rise of 86 points (1.94%), the NASDAQ Composit rose to a new record level - rising by 380 points (2.04%) and the Russell small cap index rose29 points (1.47%).

    US ISM services PMI data showed a rise in May (up from a small contraction in April).

    US Treasury bond yield fell to 4.28%.

    Oil prices made a small recovery - Brent crude at US$78.50 per barrel.

    Gold price is up to US$2,354 per oz.

    BITCOIN continues to surge and is again in record territory - US$71,243.

 
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