Why IMU is a multi multi bagger, page-23588

European markets were all up overnight.

The FTSE rose 3 points (.047%), the DAX rose 64 points (.35%) and the CAC was up 28 points (.35%).

UK CPI data comes out this week. Market expectations are for a figure of 2.1% - down from3.2% in March. Expectations for a June interest rate cut have firmed.

In the US, markets were mixed.

The DOW fell 196 points (.49%), The NBI rose 35 points (.80%), the NASDAQ Composite rose 108 points (.65%) and the Russell small cap index rose 6 points (.32%).

Comments by several US FED directors stated that the US Fed sees high interest rate policy being in place for an extended period until the US Fed is convinced inflation is under control. "Sticky" inflation is concerning US Fed thinking.



US Treasury 10 year bond rate is sitting at 4.45%.

Oil prices remain high - Brent crude is at US$83.70 per barrel.

The price of gold has risen - currently at US$2,426 per oz.

BITCOIN has surgd and is approaching the US$70k mark - currently at US$69,692.