I suspect it will be a rough and ugly day on the ASX today as global markets were largely in the red overnight.
In Europe, markets were flat - FTSE fell 31 points (.37%), the DAX rose 11 points ((.06%) and the CAC rose 10 points (.13%).
The real news was in the US where markets plunged on the release of US PMI data.
The DOW fell 605 points (1.53%), the NBI fell 76 points (1.70%), the NASDAQ Composite fell 65 points (.39%) and the Russell small cap index fell 33 points (1.60%).
The NASDAQ fall was off-set by NVIDIA strong first quarter earnings report which showed a trebling of sales over the last 12 months.
Main impetus for the falls in the US came from the release of PMI data which showed a significant increase - highest in two years and shows the US economy is booming. PMI measures the services and manufacturing activity.
Speculation on future interest rate decisions is now rife and the markets have become even more concerned.
US Treasury 10 year bond yield is up to 4.48%.
Oil prices fell - Brent crude at US$81.36 per barrel.
The gold price is at US$2,333 per oz.
BITCOIN fell to $US67,350.
Why IMU is a multi multi bagger, page-23622
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5.7¢ |
Change
0.002(3.64%) |
Mkt cap ! $417.2M | |||
| Open | High | Low | Value | Volume |
| 5.6¢ | 5.9¢ | 5.5¢ | $1.176M | 20.89M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1135235 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.8¢ | 477220 | 6 |
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| IMU (ASX) Chart |