Interesting trading on global markets overnight.
In Europe, the FTSE rose 36 points (.5%), the DAX rose 29 points (.2%) and the CAC rose .44%).
The real action occurred in the US. The DOW rose 511 points (1.58%). At one stage the DOW was up almost 600 points. The NASDAQ Biotech index rose 40 points (1.12%), the NASDAQ Composite rose 146 points (1.16%) and the Russell small cap index rose 9 points (.57%).
US Megacaps are driving positive sentiment in the US. Apple, Pfizer, Moderna, Eli Lilly and McDonalds all report this week. The earnings season has been underwhelming but McDonalds has beaten market expectations and there are now predictions that other megacaps will do the same.
Central banks in the US, UK and Japan are meeting late this week. Expectations that the US will hold interest rates on hold.
US jobs data (October non-farm payroll report) due out on Friday.
Chinese manufacturing data also due later in the week.
Oil prices softened a bit - Brent crude at US$86.46.
US Treasury 10 year bond yields hovering around 5% - settled at 4.85%.
Gold price and Bitcoin continue to surge with gold at US$1998 and Bitcoin at US$34,355 - normally this means funds are being diverted away from shares.
Think we will see the ASX in very positive territory today.
- Forums
- ASX - By Stock
- Why IMU is a multi multi bagger
Interesting trading on global markets overnight.In Europe, the...
-
- There are more pages in this discussion • 8,128 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
NEWS
Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo
DVP
Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place
Add IMU (ASX) to my watchlist
(20min delay)
|
|||||
Last
5.1¢ |
Change
0.001(1.00%) |
Mkt cap ! $371.1M |
Open | High | Low | Value | Volume |
5.1¢ | 5.2¢ | 5.0¢ | $189.7K | 3.722M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
82 | 5230124 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.1¢ | 981858 | 27 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
82 | 5463726 | 0.050 |
29 | 3492958 | 0.049 |
26 | 1447362 | 0.048 |
6 | 665950 | 0.047 |
11 | 674738 | 0.046 |
Price($) | Vol. | No. |
---|---|---|
0.051 | 1022069 | 29 |
0.052 | 646443 | 11 |
0.053 | 1582070 | 11 |
0.054 | 1575138 | 8 |
0.055 | 1074884 | 11 |
Last trade - 12.10pm 07/08/2024 (20 minute delay) ? |
Featured News
IMU (ASX) Chart |