Why IMU is a multi multi bagger, page-20743

All European markets down overnight.

FTSE fell 112 points (1.48%), the DAX fell 139 points (.84%), and the CAC fell 79 points (1.07%).

UK CPI data showed a rise in inflation for December. December inflation grew by .4% to 4% annualised - larger rise than expected. Core inflation remained steady at 5.1%.

I know that the markets panicked because of this news but don't economists take into account Christmas spending in December figures? You would not expect inflation to actually fall significantly in December.

Central banks have pushed back against interest rate expectations - saying maybe August before official rates are lowered. This has been the major mover of sentiment in global markets.

In the US, the DOW fell 94 points (.25%), the NBI fell 26 points (.59%), the NASDAQ Composite fell 88 points (.59%) and the Russell small cap index fell 14 points (.73%).

US retail sales rose in December - again, the Christmas thing? They rose .6%.

Chinese growth is now in the spotlight. While the economy grew by 5.2 in 2023 in line with expectations, a number of issues are raising concerns.

Prices have fallen for three consecutive quarters.

Also, the Chinese population fell by 2mil in 2023 and the birthrate has dropped. There are concerns about China's aging population limiting the number of people available in the workforce.

US treasury bond yields are accelerating their rises - now up to 4.13%.

Oil prices remain high - Brent crude at US$78.07.

Gold price has dropped significantly - down to US$2,006. Due to the rise in bond yields perhaps.