Why IMU is a multi multi bagger, page-29188

European markets were largely up overnight - with the French Index still showing a negative trend.

The FTSE rose 23 points (.28%), the DAX rose 206 points (.97%) and the CAC fell 24 points (.32%).

Australian inflation data showed inflation at 2.4% - core inflation down to 3.2%. This is fueling expectations for an interest rate cut in February.

In the US. markets all fell.

The DOW fell 136 points (.31%), the NBI fell 11 points (.26%), the NASDAQ Composite fell 101 points (.51%) and the Russell small cap index fell 5 points (.25%).

US Fed kept interest rates at current levels. Change in tone by the US Fed to a more cautious note. "Inflation remains somewhat elevated".

Jerome Powell went on to say referring to current US policy decisions:

"In the current situation there's probably some elevated uncertainty because of the significant policy shifts in those four areas that I mentioned, tariffs and tariffs, immigration, fiscal policy and regulatory policy," Powell said. "So there's probably some additional uncertainty. But that should be passing. We should go through that. And then we'll be back to the regular amount of uncertainty."

Economists however have been a bit more cautious about how the inflationary impact of tariffs could impact the Fed's path forward.
"If the Fed doesn’t resume cutting in the next few months ... we suspect the window will have closed," Capital Economics North America economist Paul Ashworth wrote in a note on Wednesday. "While markets are still pricing in second half rate cuts, our view is that a flurry of tariffs will put a stop to that, as inflation rebounds to 3%."

US Fed Treasury bond yield is up to 4.536%

Oil prices dipped - Brent crude is at US75.80 per barrel.

Gold price rose to US$2,755 per oz.

BITOIN price rose to US$104,252.