IMU 0.00% 5.8¢ imugene limited

Why IMU is a multi multi bagger, page-21793

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    All European markets were up overnight.

    The FTSE rose 33 points (.43%), the DAX rose 18 points (.10%) and the CAC rose 21 points (.28%).

    In the US, markets were in the green - though fairly muted.

    The DOW rose 75 points (.20%), the NBI rose 12 points (.29%), the NASDAQ Composite rose 91 points (.58%) and the Russell small cap index rose 14 points (.70%).

    Jerome Powell (head of the US Fed) was addressing the US Congress (House Financial Services Committee) and stated:

    "If the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at some point this year,"

    This is typical economist speak - vague and nothing that can be attacked later as being right or wrong

    Pretty much the same as saying "if you find that your car is travelling at sped towards a brick wall, there is a fair chance that you may consider applying pressure on the brake pedal at some stage".

    US Treasury 10 year bond yield is creeping down - currently at 4.11%.

    Oil prices are up - Brent crude at US$82.90 per barrel.

    The gold price continues to have some momentum and is up to US$2,146 pe oz.




 
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