Why IMU is a multi multi bagger, page-21678

Global markets mixed overnight.

The FTSE managed a modest gain if 5 points (.066%, the DAX rose 76 points (.44%) and the CAC fell 26 points (.34%).

Data out from Ireland showed a 2.2% inflation rate - first EU country to get inside the ECB's inflation range.

In the US. The DOW rose 47 points (.12%), the NBI had a tumble and was down heavily by 93 points (2.07%), the NASDAQ Composite rose 144 points (.90%) and the Russell small cap index rose 14 points (.71%).

US PCE data showed inflation for January at 2.4% (down from 2.6% in December).

Core PCE data showed inflation for January rose 2.8% (down from 2.9% in December).

Data was in line with expectations, so the market remained unimpressed.

US new weekly unemployment claims came in at 215k (209k expected). Up from previous week of 202k.

US Treasury 10 year bond yield at 4.25%.

Oil price edged up - Brent crude at US$83.62 per barrel.

Gold price also up - US$2,043 per oz.