U. S. markets lost ground the week after Easter after a winning March and a strong first quarter. The new inflation data has raised concerns that the Fed will struggle to meet its target of three rate cuts through the end of 2024.
The Dow Jones Industrial Average fell 0. 6 percent, the S
In the U. S. sectors, communications and energy were the most productive, with a final increase of 1. 45 percent and 0. 8 percent, respectively. The worst real estate sector, down 1. 8 percent, followed by healthcare, down 0. 88 percent.
Investors reacted to the Personal Consumption Expenditures Index, released ahead of the Easter holidays. Core PCE, which excludes food and energy, showed inflation rose 2. 8%, in line with expectations in 12 months. However, on a yearly monthly basis, the indicator was up 0. 3% from last month, raising some concerns.
Treasury yields reacted to the new insights through Monday’s appearance, with the benchmark 10-year Treasury yield emerging more than 12 core issues to 4. 317 percent.
In the commodities sector, crude oil costs rose following reports that the Iranian consulate in Damascus was the victim of an Israeli missile strike, possibly killing several high-ranking Iranian commanders. WTI closed the day up about 1%.
In local markets, investors will be present at the release of the Reserve Bank of Australia’s most recent financial policy minutes, which will add colour to the central bank’s decision to leave rates unchanged in March.
Motto
At 7:35 a. m. , one Australian dollar was worth 64. 88 U. S. cents.
Commodities
Gold 1. 32 percent. Silver added 0. 94 percent. Copper rose 1. 24 percent. Oil added 0. 89 percent.
Excluding dividendsHarvey Norman (ASX:HVN) will pay 10 cents without deductibleMagontec Limited (ASX:MGL) will pay 0. 6 cents without deductibleMetrics Income (ASX:MOT) will pay 1. 46 cents without deductibleMetrics Master (ASX:MXT) will pay 1. 35 cents without a deductibleNB Global Corporate Income Trust (ASX:NBI) will pay 1. 2179 cents without shipping Regal Partners Ltd (ASX:RPL) will pay five cents fully franked
Dividends payableGold Road Resources Ltd (ASX:GOR)Capitol Health Ltd (ASX:CAJ)Mercury NZ Ltd (ASX:MCY)Integral Diagnostics Ltd (ASX:IDX)HMC Capital Ltd (ASX:HMC)Freightways Group Ltd (ASX:FRW)
Sources: Bloomberg, FactSet, IRESS, TradingView, UBS, Bourse Data, Trading Economics, CoinMarketCap.
Disclaimer
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Increases across all areas of Deep Leads resources: quality, tonnage and target area ABx Group has reported a 30% increase in its Mineral Resource Estimate (MRE) at the Deep Leads Ionic Adsorption Clay (IAC) rare earth deposit in northern Tasmania. The accumulation in MRE comes from 36 extension wells analyzed, representing a significant northward extension for the existing Deep Leads prospect.
Lake Resources (LKE. ASX) – LKE has signed two non-binding memorandums of understanding within 10 days. Ford Company (Ford) has signed a memorandum of understanding for about 25,000 t/year and last week, Hanwa, a Japanese commodity trading company, signed a memorandum of understanding for up to 25,000 t/year. Subject to execution, this is a feat as Ford and Hanwa are in a position to engage in longer-term strategic partnerships with LKE. Commercial negotiations are still ongoing, but they should, i. e. if Ford and Hanwa inject new capital into LKE, it will further reduce the risk of the financing of the assignment and thus ensure that LKE and Kachi are fully funded.
Two recent severity studies have particularly exceeded expectations and revealed the possibility of expanding the existing MRE at Throssell Lake, as well as a significant expansion opportunity at Yeo Lake. This reinforces the prospect of a multi-decade-long Tier 1 SOP production facility around Throssell Lake.
TMG is currently completing paints for the planned PFS in early 2023, adding the start of drilling in the third quarter of 2022, evaporation testing and permitting activities. The effects of these systems will affect the SFP and any long-term resource improvements.
SOP reference prices have risen to around 940 USD/t due to recent geopolitical developments. The October 2021 scoping study assumed an SOP value of $550/t and contained a sensitivity study showing that every 10% accumulated in value effects at a cumulative $144 million in NPV of the $364 million allocation. The increase of approximately 70% during the scoping study implies an allocation NPV of approximately $1. 4 billion.
Despite the drop in oil and fuel prices, which fell by 5. 4% and 19. 7% respectively in August, Calima managed to record an improvement in its key industry indicators.
WT Financial Group Limited (WTL) is a fast-growing diversified monetary company founded in 2010 and indexed on the Australian Securities Exchange (ASX) in 2015. Their recommendations and product offerings are primarily provided through an organization of independent money advisors who act as legal representatives. . de WTL in connection with its broker organisation business Wealth Today Pty Ltd (Wealth Today) and Sentry Group Pty Ltd (Sentry Group). It has approximately 275 advisers in more than two hundred money advice firms across Australia. It also operates a direct-to-consumer operation under its Spring Financial Group brand.
In May 2021, Corporate Connect analyst Marc Sinatra published a comprehensive study report on ASX-listed biotech company Immutep Ltd (ASX: IMM). He was so inspired by IMM that Corporate Connect felt it was imperative to publish a follow-up report that valued the company. as the market did not see the great prospects of Eftilagimod Alpha (EFTI).
The follow-up report published today. Using comparables, after adding a monetary rebate to its EV estimate and dividing it by the total number of percentages issued, Corporate Connect now puts the fair price of a percentage of Immutep at A$2. 20.