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Why IMU is a multi multi bagger, page-22540

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    European markets mixed overnight.

    The FTSE fell 30 points (.38%), the DAX rose 96 points (.54%) and the CAC rose 34 points (.43%).

    UK employment data is due out tomorrow.

    in the US, the markets had another awful day.

    The DOW fell 248 points (.65%), the NBI fell 46 points (1.12%), the NASDAQ Composite fell 290 points (1.79%) and the Russell small cap index fell 27 points (1.37%).

    US retail sales data showed an increase of .7% in March (Following a .9% increase in February. The resilience of the US economy has dampened interest rate cuts expectations with maybe only one cut in December being factored in.

    https://hotcopper.com.au/data/attachments/6104/6104157-ed298254c61ead143fe018339a0c9632.jpg


    The US Treasury 10 year bond is alarmingly high at 4.63%. 5% is seen as the danger indicator for share markets so that is getting close.

    Oil prices remain high because of Middle East tensions - Brent crude is sitting at US$90.20 per barrel.

    The gold price is now sitting in record territory - another indicator of economic nervousness. Currently at US2,386 per oz.

    BITCOIN - always volatile - is at US$63,575.
 
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