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Why IMU is a multi multi bagger, page-23541

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    Global markets were all up overnight.

    In Europe, the FTSE rose 17 points (.21%), the DAX rose 152 points (.82%) and the CAC rose 14 points (.17%).

    In the US, markets saw a significant rebound. The DOW rose 349 points (.88%), the NBI rose 51 points (1.16%), the NASDAQ Composite rose 231 points (1.40%). and the Russell small cap index rose 23 points (1.14%).

    US April CPI data came in at 3.4% (down from March where it was 3.5%) core inflation was 3.6%. The market reacted very positively as inflation has risen since June 2023 after hitting as low as 3%.

    https://hotcopper.com.au/data/attachments/6173/6173584-f8c925256dda12c3478f7155c7158de1.jpg

    US retail sales data showed that these were flat - same as last monthly figures - the market expected a rise.

    US Treasury bond yield dropped to 4.36%.

    Oil prices rose - Brent crude is at US$82.91 per barrel.

    The gold price rose to US$2,387 per oz.

    BITCOIN also rose to US65,875.
 
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