Why IMU is a multi multi bagger, page-24383

Global markets were all down overnight.

The FTSE fell 39 points (.48%), the DAX fell 95 points (.51%) and the CAC fell 38 points .48%).

In the US, the DOW fell 87 points (.22%), the NBI fell 27 points (.61%), the NASDAQ Composite fell 40 points (.23%) and the Russell small cap index fell 22 points (1.12%).

The shock strong May jobs report drove sentiment - and decreased chances of any early rate cuts.

The May jobs report showed that 272k new jobs were created (expectations were for just 180K). This was up from 165k in April.

Despite the new jobs created, the US unemployment rate remained at 4%.

Lots of economic data is out next week:

UK unemployment data
US Fed decision on interest rates
US CPI
UK GDP

US Treasury 10 year bond yield rose to 4.43%.

Oil prices dipped - Brent crude is at US$79.44.

The gold price slumped 3.5% - US$2,294.

BITCOIN is down to US$69,320.