Global markets plunged overnight on fears of a US recession.
In Europe, the FTSE fell 108 points (1.31%), the DAX fell 421 points (2.33%0 and the CAC fell 118 points (1.61%).
I the US, the DOW fell 610 points (1.51%), the NBI fell 83 points (1.73%), the NASDAQ Composite fell 417 points (2.43%) and the Russell small cap index fell 76 points (3.52%).
The fall in the Russell small cap index is worrying as the small caps have been doing well and indicated some strength in market sentiment - now reversed.
It will not be a good day on the ASX on Monday and we will see another 100 point loss.
US unemployment jumped from 4.1% to 4.3%. This is a 3 year high.
US added just 114k new jobs in July well below expectations ad down from 179k in June.
There are now expectations that the US Fed will consider cutting interest rate further and faster.
US Treasury 10 year bond yield fell to 3.794%.
Oil price fell - Brent crude at US$77.42 per barrel.
Gold price sits at US$2,442 per oz. Gold is a safe haven asset and rose to a record price over US$2500 at one stage.
BITCOIN price fell to $US62,345.
Why IMU is a multi multi bagger, page-25662
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Last
4.1¢ |
Change
-0.003(6.82%) |
Mkt cap ! $304.9M | |||
| Open | High | Low | Value | Volume |
| 4.3¢ | 4.4¢ | 4.1¢ | $1.607M | 38.52M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 4542680 | 4.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.3¢ | 1675759 | 9 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| IMU (ASX) Chart |