Regardless, U. S. markets have taken a breather as the Easter holidays will mean a shorter, quieter trading week.
The Dow Jones fell 164 numbers or 0. 4%. The s
In terms of U. S. sectors, the industrial and generation sectors were the worst, with a final decline of 0. 68 percent and 0. 52 percent, respectively. The most productive energy sector, which continued its rebound, ended up nearly 1 cent.
In company-specific news, Intel fell 1% after the Financial Times reported that China’s new rules would save it from using Intel chips in government computers. United Airlines closed down 4% after learning that the Federal Aviation Administration would be following the airline intensively. after several recent security incidents.
The U. S. DOE has been working on the U. S. The U. S. Department of Agriculture announced a $6 billion federal investment to subsidize 33 commercial projects in 20 states to reduce carbon emissions and decarbonize production in highly polluting sectors such as steel, cement, chemicals, and fuel refining. European corporations are among the winners, with 3 of the five most sensible prizes, valued at up to $500 million, going to European parent companies. These companies will adjust to the U. S. government’s investment based on a cost-sharing model.
On the commodity front, cocoa reached $9,000 per tonne for the first time due to constraints. Cocoa futures prices are up more than 50 percent this month and have more than doubled this year.
In the national news, it turns out that small-cap stocks, despite everything, outperform large-caps. The ASX Small Ordinaries is lately on track to finish ahead of the ASX two hundred for the second quarter in a row. continues to lead to the collapse of small Ords who can beat their large-cap counterparts for the first time since 2021.
Futures Contracts
SPI futures point to a 0. 4 drop.
Motto
At 7:45 a. m. , one Australian dollar was worth 65. 39 U. S. cents.
Commodities
Gold added 0. 58 percent. Silver fell 0. 01 percent and copper fell 0. 11 percent. Oil rose 1. 55 percent.
Figures The World
European markets closed mixed. London’s FTSE lost 0. 17, Frankfurt’s lost 0. 30 and Paris’s closed flat.
In Asian markets, Tokyo’s Nikkei lost 1. 16Array, Hong Kong’s Hang Seng lost 0. 16 and China’s Shanghai Composite lost 0. 71Array.
Yesterday, the Australian stock market closed up 0. 53 percent at 7,811. 94.
ExdividendAtlas Arteria (ASX:ALX) will pay 20 cents without excessCivmec Limited (ASX:CVL) will pay 2. 5 cents with excessFlight Centre Travel (ASX:FLT) will pay 10 cents with franchiseNew Zealand Oil
Dividends payableAltium Ltd (ASX:ALU)Bendigo and Adelaide Bank Ltd (ASX:BEN)BlueScope Steel Ltd (ASX:BSL)Dusk Group Ltd (ASX:DSK)Embark Early Education Ltd (ASX:EVO)Maxiparts Ltd (ASX:MXI) Meridian Energy Ltd (ASX:MEZ)Mineral Resources Ltd (ASX:MIN)Nick Scali Ltd (ASX:NCK)
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.