Why IMU is a multi multi bagger, page-24289

European markets were all up overnight.

The FTSE rose 38 points (.47%), the DAX rose 76 points (.41%) and the CAC rose 33 points (.42%).

ECB cut interest rates but warned that the inflation fight is not over. Lagard also warned that interest rates will not fall quickly.

In the US, markets were largely in the red (except for the DOW) as US markets were subdued pending the release of employment data came in after the close of trading.

The DOW rose 78 points (.20%), the NBI fell 18 points (.40%), the NASDAQ Composite fell 14 points (.086%) and the Russell small cap index fell 14 points (.70%).

US employment data showed a rise in new unemployment claims for May - up to 229k - higher than expected (220k) indicating a slowing economy.

US Trade deficit data showed the biggest trade deficit in 2.5 years - up to US$75bil - another indicator that the US economy has slowed.

The markets are being largely supported by the NVIDIA hype - not sure if that is very healthy or sustainable.

Us Treasury bond yield is still falling slowly - 4.29%

Oil prices are rebounding - Brent crude up to US$80 per barrel.

The gold price moved up to US$2,375 per oz.

BITCOIN continues its upward surge - now at US$70,794.