Why IMU is a multi multi bagger, page-14025

Mixed signals from global markets overnight.

Europe staged a bit of a fightback - DAX and CAC uo around half a percent. FTSE continues to struggle and was down a quarter of a point.

In the US, all the indices were down.

DOW closed down 187 points, the NASDAQ Biotech Index fell 33 points and the NASDAQ Composite closed lower by 18 points.

Some economic data releases fueled inflation fears. Non-farm payrolls increased by 209,000 - less than the expected 240,000 - unemployment fell from 3.7% to 3.6% in June.

Wage growth in June increased by .4% - 4.4% for the year.

US CPI and PPI data are due on Wednesday and Thursday (US time) and this will give a clearer picture of the US economy and future interest rate rises - another rise is expected in July (92% possibility factored in).

Suspect that we will see the ASX under a bit more pressure next week.

IMU has been very resilient and benefited with some very good announcements. Hope this situation continues and we will see a double figure SP shortly.