Why IMU is a multi multi bagger, page-14883

Some worrying signs on overseas markets overnight.

All European markets were down overnight - DAX down 1.3% and CAC down 1.2% - FTSE was down by half of a percent.

In the US, the markets fared better with the DOW bucking the trend and rose 71 points. The NASDAQ Biotech Index fell 37 points and the NASDAQ Composite fell 62 points.

In the US, there were signs that the job market was tightening with demand for new workers declining. They actually have a QUIT index which is also showing workers not quitting - indicating that there are fewer opportunities available.

Demand is also weaker in the US signaling further employment reductions.

Analysists are now keeping an eye on whether the fiscal tightening will allow a soft landing and not a recession.

China's stalled recovery is also worrying the markets.