U. S. markets fell in the afternoon to end in negative territory for the third straight trading day. Trading volumes remained subdued ahead of a short trading week and the Easter holidays.
The s
In terms of U. S. sectors, utilities and energy were the worst performers, with a final decline of 1. 1% and 0. 76% respectively. The most productive sector of health care, which closed up 0. 34%.
U. S. economic data released on Tuesday delivered mixed messages, with figures pointing to better-than-expected durable goods orders, albeit a weaker reading of customer confidence.
In specific corporate news, Tesla rallied about 3% overnight following the announcement that the company is developing its fully autonomous driving technology. Donut maker Krispy Kreme closed about 40% more following the announcement to expand its partnership with McDonald’s.
In commodity news, Wall Street giant Goldman Sachs said it expects commodities to advance this year thanks to interest rate cuts by global central banks. Banking analysts expect commodities to see gains of around 15% from 2024, leading to a decline in borrowing. costs, a recovery in the production sector, and persistent geopolitical risks. Copper, aluminum, gold, and petroleum products are expected to make gains. However, the bank sees the outlook for metals used in batteries, such as nickel, cobalt and lithium carbonate. , as challenging.
As for the markets, all eyes will be on the Australian CPI data for February, which will be released at 11:30 a. m. m. hour.
Futures Contracts
SPI futures point to a 0. 2 drop.
Motto
At 7:30 a. m. , one Australian dollar was worth 65. 32 U. S. cents.
Commodities
Gold added 0. 05 percent. Silver fell 1. 35 percent and copper fell 0. 29 percent. Oil 0. 60 percent.
Figures The World
European markets closed higher. London’s FTSE gained 0. 17Array, Frankfurt’s gained 0. 67 and Paris’s gained 0. 41Array.
In Asian markets, Tokyo’s Nikkei lost 0. 04, Hong Kong’s Hang Seng gained 0. 88 and China’s Shanghai Composite added 0. 17.
Yesterday, the Australian stock market closed down 0. 41 at 7,780. 23.
ExdividendsAustralian Unity Off (ASX:AOF) will pay 1. 5 cents without excessArena REIT (ASX:ARF) will pay four. 35 cents without excessCenturia I REIT (ASX:CIP) will pay four cents without excessChtr H Lwr (ASX:CLW) will pay 6. 5 cents without excess Cromwell Prop (ASX:CMW) will pay 0. 75 cents without excess Centuria Office REIT (ASX:COF) will pay 3 cents without excess Charter Hall Soc In (ASX:CQE) will pay four cents without excess Dexus Conv Ret REIT ( ASX:DXC) will pay 5. 275 cents without excessDexus Industria REIT (ASX:DXI) will pay four. 1 cents without excessElanor Comm Prop (ASX:ECF) will pay 2. 125 cents without excessFonterra Share Fund (ASX:FSF) will pay 11. 8001 cents without excessGryphon Capital (ASX:GCI) will pay 1. 42 cents without excessGarda Prpty Group (ASX:GDF) will pay 1. 575 cents without excessHlthcohcwellnsreit (ASX:HCW) will pay 2 cents without excessHomeco Daily Needs (ASX:HDN) will pay 2. 075 cents without excessIpd Group ( ASX:IPG) will pay four. 6 cents fully frankedKkr Credit Inc Fund (ASX:KKC) will pay 1. 67 cents without excessMyer Holdings Ltd (ASX:MYR) will pay 3 cents fully frankedPerpetual Cred Trust (ASX:PCI) will pay 0. 6857 cents without excessReece Limited (ASX:REH) will pay 8 cents fully frankedRural Funds Group (ASX:RFF) will pay 2. 93 cents25 cents without excess360 Capital Mortgage (ASX:TCF) will pay 3. 5 cents without excess360 Capital REIT (ASX:TOT) will pay 1. 5 cents without excessWaypoint REIT (ASX:WPR) to pay four. 12 cents without excessWiseway Group ltd (ASX:WWG) to pay 0. 2 cents fully franked
Dividends payableAmpol Ltd (ASX:ALD)ASX Ltd (ASX:ASX)Aurizon Holdings Ltd (ASX:AZJ)Beach Energy Ltd (ASX:BPT)Big River Industries Ltd (ASX:BRI)Briscoe Group Ltd (ASX:BGP)Coles Group Ltd (ASX:COL)Domino’s Pizza Enterprises Ltd (ASX:DMP)Fortescue Ltd (ASX:FMG)IDP Education Ltd (ASX:IEL)IGO Ltd (ASX:IGO)Insurance Australia Group Ltd (ASX: IAG)LGI Ltd (ASX:LGI)Motorcycle Holdings Ltd (ASX:MTO)Peter Warren Automotive Holdings Ltd (ASX:PWR)Santos Ltd (ASX:STO)Turners Automotive Group Ltd (ASX:TRA)Wesfarmers Ltd (ASX:WES)
Sources: Bloomberg, FactSet, IRESS, TradingView, UBS, Bourse Data, Trading Economics, CoinMarketCap.
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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.