Why IMU is a multi multi bagger, page-22972

Global markets were all up overnight.

In Europe, the FTSE rose 60 points (.75%), the DAX rose 243 points (1.36%), and the CAC rose 71 points (.89%).

In the US, the tech sector drove the markets. Alphabet and Microsoft with above expectation earnings reports.

The DOW rose 153 points (.40%), the NBI rose 36 points (.90%), the NASDAQ Composite rose strongly and closed higher by 316 points (2.02%) and the Russell small cap index rose 21 points (1.06%).

Investors are more concerned with the sticky inflation than a slow down in economic growth.

The March quarter US PCE data showed the first quarter where inflation had grown in 12 months.



The US Treasury 10 year bond yield fell marginally to 4.67%.

Oil prices were stable - Brent crude price is at US$88.10 per barrel.

The gold price is largely unmoved at US$2,238 per oz.

BITCOIN slightly up to US$63,846.