Global markets reacted positively to the US interest rate overnight.
In Europe, the FTSE rose 75 points (.91%), the DAX rose 290 points (1.55%) and the CAC rose 170 points (2.29%).
In the UK, the BoE kept rates on hold.
Car makers in Europe are struggling because of the electric car rises - VW is to close factories in Germany with 30,000 jobs to go. This will be an unfolding story into the near future.
In the US, the DOW rose 522 points (1.26%), the NBI rose 52 points (1.09%), The NASDAQ Composite rose (440 points (2.51%) and the Russell small cap index rose 46 points (2.10%).
ASX should follow with a decent rise today. Yesterday, the ASX hit a new record going past 8,200 points and that should be broken again today.
Australia not expected to cut interest rates until May next year as inflation sits at 3.5% currently.
US Treasury 10 year bond yield sits at 3.719%.
Oil prices are again rising - Brent crude at US$74.79.
Gold price continues to rise and site at US$2,589 per oz.
BITCOIN has surged and sits at US$63,223.
Why IMU is a multi multi bagger, page-26460
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4.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $364.4M | |||
| Open | High | Low | Value | Volume |
| 4.9¢ | 5.2¢ | 4.9¢ | $531.4K | 10.66M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 3429444 | 4.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.0¢ | 149299 | 2 |
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| IMU (ASX) Chart |