Why IMU is a multi multi bagger, page-21575

European markets were mixed overnight - though still largely muted.

The FTSE fell 9 points (.12%), the DAX fell 23 points (.14%) and the CAC rose 26 points (.34%).

BOE governor confirmed that interest rate cuts will come before the 2% inflation target. Expectations that this will still happen in Q3 2024.

In the US, markets were all down. Tech sector seems to be dragging US markets lower of late.

The DOW fell 64 points (.17%), the NBI fell 26 points (.60%), the NASDAQ Composite fell 144 points (.92%) and the Russell small cap index fell 28 points (1.41%).

Further stimulus in China - interest rates have been cut for 1-5 year loan prime rates.

Interesting data out that may impact companies like IMU in 2024. M&A (mergers and acquisitions) fell by 34% globally in 2023 (38% in the US and Europe). Maybe a pointer to increases in M&A in 2024. We already know that BP have huge war chests at the moment.

US Treasury 10 year bond yield is slightly down to 4.27%.

Oil prices dipped a bit - Brent crude at US$82.50 per barrel.

The gold price is steady at US$2,024 per oz.