Global markets were all heavily down overnight.
Markets are now spooked by rising bond rates. Bond rates are causing a "risk off" sentiment as hopes of interest rates are diminishing.
Global markets have had about six negative days so we could be seeing a sustained downward trend. In any case, the ASX will probably fall in the vicinity of a 100 points today.
In Europe, the FTSE fell 71 points (.86%), the Dax fell 204 points (1.10%) and the CAC fell 122 points (1.52%).
German inflation rose to 2.4% up from 2.2% in April.
In the US, the DOW fell 411 points (1.06%), the NBI fell 51 points (1.19%), the NASDAQ Composite fell 99 points (.58%) and the Russell small cap index fell 30 points (1.48%).
US Fed senior officials have again made comments on the possibility of an interest rate hike.
US PCE data will come out this week.
Why IMU is a multi multi bagger, page-23808
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Last
5.7¢ |
Change
0.003(5.56%) |
Mkt cap ! $417.2M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.8¢ | 5.2¢ | $2.499M | 45.00M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1921794 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.7¢ | 1368288 | 7 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| IMU (ASX) Chart |