The better than expected NIVIDIA earnings report has boosted global markets as investors buy into the hype surrounding AI. NIVIDIA posted an increase in revenue of US$60bil and profits are up US$3bil. This lifted all stocks with the emphasis on tech stocks due to the huge uplift in demand for chips.
In Europe, the FTSE was more subdued but still rose 21 points (.29%), the DAX rose 252 points (1.47%) and the CAC rose 99 points (1.27%).
In the US, the DOW rose 456 points (1.18%), the NBI rose 60 points (1.37%), the NASDAQ Composite rose 460 points (2.96%) and the Russell small cap index rose 19 points (.96%).
US new unemployment claims fell more than expected to 201k - 12k down from the previous week. Total unemployment in the US at 1.8mil.
US treasury 10 year bond yield is up to 4.34%. The push back in the timeline for rate cuts is maintaining the high bond yields. Be very interesting if any sustained growth in the tech sector will start to erode the yield.
Oil prices are up - Brent crude at US$83.60 per barrel.
The gold price is largely stable - US$2,024.50 per oz.
Why IMU is a multi multi bagger, page-21603
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Mkt cap ! $424.5M | |||
| Open | High | Low | Value | Volume |
| 5.8¢ | 5.8¢ | 5.6¢ | $1.032M | 18.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 90000 | 5.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.8¢ | 744737 | 5 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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5.8¢ |
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| Open | High | Low | Volume | ||
| 5.8¢ | 5.8¢ | 5.6¢ | 4924782 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| IMU (ASX) Chart |