And just like that, the first day of October begins…
A wild night last night with the Dow swinging up and down like a “yo-yo”, following the first presidential debate …
The debate was definitely entertaining to watch!
Who do you think won?
Across Markets…
Last night, U.S. stocks finished higher after a volatile session that saw traders whipsawed by reports on the outlook for a new round of government stimulus.
The S&P 500 Index climbed 0.8%, paring gains of as much as 1.7% after Treasury Secretary Steven Mnuchin said there had been no agreement on pandemic relief.
Speculation a deal was in the works kept the benchmark at a two-week high. An exchange-traded fund tracking the S&P 500 fell 0.2% in after-hours trading as Democrats postponed a vote on their proposal with negotiations continuing.
Portfolio rebalancing tied to the end of the month added to volatility, and global investors are also keeping an eye on news about coronavirus vaccines amid the latest moves in Washington. New Jersey reported an uptick in the statewide positivity rate to the highest in months, while Spain ordered extra restrictions in Madrid to curb spread in Europe’s hardest-hit nation.
“As coronavirus continues to linger and certain areas of the economy are still shut down, you need some sort of stimulus package,” said Andrea Roemhildt, investment manager at Aware Asset Management. “The market is just waiting for a signal that this might actually get done.”
The S&P 500 posted an 8.5% gain this quarter, a slowdown from the previous three months’ 20% leap but still an impressive return considering the economic havoc wrought by the coronavirus. The benchmark index was down more than 6% from an all-time high reached on Sept. 2.
Treasury yields ticked higher Wednesday while the dollar weakened. Emerging-market stocks gained. Europe’s benchmark index slipped.
The SPI is up 16 points this morning.
Source: Bloomberg
Stocks
The S&P 500 Index rose 0.8% as of 4 p.m. New York time.
The Stoxx Europe 600 Index fell 0.1%.
The MSCI Asia Pacific Index decreased 0.1%.
Currencies
The Bloomberg Dollar Spot Index fell 0.3%.
The British pound rose 0.4% to $1.2917.
The euro slumped 0.2% to $1.1726.
Bonds
The yield on 10-year Treasuries rose four basis points to 0.69%.
Germany’s 10-year yield rose two basis points to -0.52%.
Britain’s 10-year yield climbed five basis points to 0.23%.
New Zealand’s 10-year yield climbed five basis points to 0.485%.
Commodities
West Texas Intermediate crude rose 1.9% to $40.02 a barrel.
Gold weakened 0.5% to $1,888.65 an ounce.
The Bloomberg Commodities Index rose 0.8%.
Source: Bloomberg
InteliCare has expanded the distribution network for its aged care monitoring sensors with a deal that enables it to make inroads into Victoria.
InteliCare (ASX:ICR) has signed an agency agreement with Rehab Hire, a sales and hire business that supplies equipment and services to over 2,000 aged care, hospital and private clients in the Melbourne area.
The agreement is for an initial term of 12 months and there are no binding sales targets or exclusivity, but Rehab Hire intends to recruit a dedicated sales force for the InteliCare system.
InteliCare says it’s a vindication of its capital-light, indirect sales channels and a validation of the InteliCare value proposition.
“We believe there is a significant opportunity for InteliCare’s products driven by the changing landscape for both the aged care and disability sector,” Rehab Hire director John Scanlon said.
InteliCare chief executive and managing director Jason Waller says Rehab Hire has a track record growing and scaling its business.
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.054 -3.57%
Sector: Consumer Discretionary
Year: 2018, 2019
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Price Change: $0.16 Unchanged
Sector: Technology
Year: 2018
Deal Type: Seed and IPO
Raise Amount: $10m
Price Change: $0.13 +13.04%
Sector: Mining
Year: 2017
Deal Type: Seed & IPO
Raise Amount: $5m
Price Change: $0.18 -2.78%
Sector: Mining
Year: 2017
Deal Type: IPO & Placement
Raise Amount: $6m
Price Change: $0.064 Unchanged
Sector: Healthcare Equipment and Services
Year: 2016
Deal Type: IPO
Raise Amount: $8m
Price Change: $0.049 Unchanged
Sector: Materials
Year: 2016
Deal Type: IPO
Raise Amount: $9m
Price Change: $0.025 +8.70%
Sector: Biotechnology
Year: 2015, 2017, 2018
Deal Type: Placements & IPO
Raise Amount: $5m
Price Change: $2.65 -3.99%
Sector: Media an Entertainment
Year: 2016
Deal Type: Reverse Takeover
Raise Amount: $4m
Price Change: $0.030 -3.23%
Sector: Mining
Year: 2018, 2019, 2020
Deal Type: Placements & Rights Offer
Raise Amount: $1.5m
Price Change: $0.012 Unchanged
Sector: Discretionary
Year: 2020
Deal Type: Placement
Raise Amount: $1.3m
Price Change: $0.0060 Unchanged
Sector: Gaming
Year: 2020
Deal Type: Placement
Raise Amount: $1.25m
Price Change: $0.086 Unchanged
Sector: Mining (Gold)
Year: 2020
Deal Type: Placement
Raise Amount: $982k
Sector: Mining (Gold/Silver)
Year: 2020
Deal Type: Placement
Raise Amount: $2.3m
Price Change: $0.015 Unchanged
Sector: Hemp & CBD
Year: 2020
Deal Type: Pre IPO
Raise Amount: $2.5m
Sector: Psychedelic assisted therapy
Year: 2020
Deal Type: Placement
Raise Amount: $2.5m
Price Change: CAD $0.065 -13.33%
Sector: Mining
Year: 2020
Deal Type: Placement
Raise Amount: $330k
Price Change: 0.054 -1.82%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
