Why IMU is a multi multi bagger, page-25422

Global markets were all in positive territory overnight. Rally mode seems to have crept into markets and not sure how long it will last.

In Europe, the FTSE rose 29 points (.036%), the DAX rose 213 points (1.15%) and the CAC rose 97 points (1.27%).

Data showed that the UK economy grew by .9% in the 3 months to May - fastest in 2 years.

In the US, the DOW rose 247 points (.62%), the NBI rose 33 points (.70%), the NASDAQ Composite rose 115 points (.63%) and the Russell small cap index rose 23 points (1.09%).

DOW closed above 40,000 and just two points off its record closing high.

US PPI data (Producer Price Index that measures wholesale inflation rose more than expected to 206% in June. Market expectations were for 2.3%.

US Treasury 10 year bond yield continued to slide - down to 4.188%.

Oil price down fractionally - Brent crude at US$85.04 per barrel.

Gold price steadied a bit and is at US$2,411 per oz.

BITCOIN sits at US$57,610.