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Why IMU is a multi multi bagger, page-23074

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    Global markets were quite ugly overnight.

    In Europe, the FTSE had a modest fall of 2 points (.036%), the DAX fell 186 points (1.03%) and the CAC fell 80 points (.99%).

    Eurozone escaped a technical recession with GDP growth of .3% in the first qtr of 2024.

    Eurozone inflation remained steady at 2.4% for April.

    US markets copped a pounding. Inflation fears continue to dominate market sentiment.

    The DOW fell 570 points (1.49%), the NBI fell 43 points (1.02%), the NASDAQ Composite fell 325 points (2.04%) and the Russell small cap index fell 42 points (2.09%).

    ASX may have a 100 point fall today.

    US Fed started 2 day meeting on interest rates. Even some commentary that interest rates could rise.

    US salaries and wages data showed a 1.1% increase over the first qtr 2024.

    US Treasury 10 year bond yield rose to 4.68%.

    Oil prices are still sitting around the US$90 per barrel - Brent crude is at US$87.90 per barrel.

    Gold price slumped and fell below the US$2300 mark - currently at US$2,286 per oz.

    BITCOIN went into reverse and fell below the US$60k mark - currently at US$59,924.
 
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