IMU 1.67% 6.1¢ imugene limited

Not good reading on global markets overnight.I Europe, the FTSE...

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    Not good reading on global markets overnight.

    I Europe, the FTSE was down 17 points (.22%), the DAX fell 209 points (1.13%) and the CAC fell 75 points (.92%).

    There were significant falls in the US.

    The DOW fell 396 points (1%), the NBI fell 95 points (2.17%), the NASDAQ Composite fell 156 points (.95%) and the Russell small cap index fell 37 points (1.8%).

    US jobs data was largely unchanged indicating that the US economy is very resilient. This has increased fears that interest rate cuts will be delayed.

    https://hotcopper.com.au/data/attachments/6074/6074407-ac37c0142322efbed2c58ad980f3fe96.jpg

    Worrying signs that investors are moving funds away from the share market at the moment into alternative (some safe haven) investments.

    The US Treasury 10 year bond yield has jumped to 4.4%.

    Oil prices have surged - Brent crude at US$88.90 per barrel. This will add to inflation pressures.

    The gold price is again on the rise - US$2,276 per oz.

    BITCOIN off its highs and is currently at US$66,060.
 
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