Why IMU is a multi multi bagger, page-25635

Global market mixed overnight.

In Europe, the FTSE fell 17 points (.22%), The DAX rose 90 points (.49%) and the CAC rose 31 points (.42%).

The BoE is expected to cut interest rates this week.

Data from France showed a larger than expected increase in the GDP over the last quarter - 1.1% (expectations of .7%).

In the US, the DOW rose 203 points (.50%), the NBI fell 23 points (.48%), the NASDAQ Composite fell 222 points (1.28%) and the Russell small cap index rose 7 points (.35%).

Issues with the tech sector over the valuation stocks is scaring investors. Fears that AI hype has overvalued tech stocks and revenue is not being reflected.
Microsoft delivered its earnings report that showed an increase in sales of 15% and a 10% increase in profits - and investors thought this was a fail (?????).
Microsoft shares plunged 7%. Other big tech companies are reporting this week so expect some more negative pressure on the NASDAQ.

US Fed, BoE and BoJ are all meeting this week on interest rates.

US Treasury 10 year bond yield continues to drop - now at 4.14%.

Oil prices have also nudged down - Brent crude at US$79.13 per barrel.

Gold price surged up to US$2,410 per oz.

BITCOIN dropped to US$66,162