How was your weekend?
We took the advantage of the “brisk” Victorian weather to head up to the country and have a nice meal in a 1900’s pub.
So…
Have we seen the bottom in markets?
We think the answer is “yes” in the short-term.
What’s the key driver?
It’s all about the “China-led” COVID recovery and potential new stimulus being announced.
Across markets…
Australian shares are set to open higher with interest rate policy, wages inflation and jobs data key drivers this week.
ASX futures were up 54 points or 0.8 per cent to 7110. The S&P/ASX 200 rose 1.9 per cent, or 134.1 points, to 7075.1 on Friday, but posted a weekly loss of 1.8 per cent.
The local currency was 1.1 per cent higher, retaking the US69¢ level as the greenback eased after several US policymakers reiterated their expectation that 50 basis point rate rises were most likely in June and July.
The yield on the US 10-year note rose 7 basis points to 2.92 per cent.
On Wall Street, all three benchmarks rallied on Friday in New York, though nowhere near enough to reverse earlier losses. The S&P 500 recorded its sixth consecutive week of losses.
Source: AFR
BHP’s (ASX:BHP) shift away from fossil fuels and towards so-called ‘future facing commodities’ will hit its biggest milestone yet on Thursday when Woodside Petroleum (ASX:WPL) shareholders vote to confirm their company’s merger with BHP’s Petroleum division.
With its turn away from oil and gas as well as efforts to sell out of thermal coal over the past two years, BHP has put its faith in commodities it views as essential to the transition to green energy — copper, nickel and its famous iron ore division.
While some market watchers have been suggesting BHP is keen on a mega deal to boost its scale, particularly in the nickel and copper space, one key battery metal is a notable for its absence in BHP’s future plans – lithium.
The very metal the lithium-ion battery is named after has seen its price soar 10 times over for both downstream chemicals and raw material concentrates over the past 18 months as electric vehicle sales have hit consecutive records.
Source: Stockhead
Sector: Consumer Discretionary
Deal Type: Placement
Raise Amount: $2.2M
Latest Entry Price: $0.006 with a 1:4 DW8O
Today’s Price Change: $0.028 +7.69%
Sector: Energy
Deal Type: Placement
Raise Amount: $933K & $5.8M
Latest Entry Price: $0.08 with a 1:2 Listed Option
Today’s Price Change: $0.04 Unchanged
Sector: Battery Metals
Deal Type: Placement
Raise Amount: $5.75M
Latest Entry Price: $0.011
Today’s Price Change: $0.018 +2.86%
Sector: Battery Metals/Base Metals
Deal Type: Placement
Raise Amount: $1.52M
Latest Entry Price: $0.03 with a 1:3 CDTOA
Today’s Price Change: $0.04 +17.56%
Sector: Magnesium
Deal Type: Placement
Raise Amount: $3M & $11.5M
Latest Entry Price: $0.10 with a 1:4 LMGO
Today’s Price Change: $0.069 +7.81%
Sector: Energy
Deal Type: Underwritten Rights Offer
Raise Amount: $4.58M
Latest Entry Price: $0.025 with 1:3 listed option
Today’s Price Change: $0.024 Unchanged
Sector: Mining
Deal Type: IPO
Raise Amount: $5.7M
Latest Entry Price: $0.35 with a 1:3 AS2O
Today’s Price Change: $0.485 -1.02%
Sector: Blockchain
Deal Type: IPO/On-market purchase
Raise Amount: $13.3M
Latest Entry Price: $0.01
Today’s Price Change: $0.025 +4.17%
Sector: Gaming & Digital Advertising
Deal Type: Placement
Raise Amount: $1.25M
Latest Entry Price: $0.02 with a 1:1 ICIOB
Today’s Price Change: $0.073 -6.41%
Sector: Fintech
Deal Type: Placement
Raise Amount: $1.5M
Latest Entry Price: $0.015 with a 1:2 FFGOA
Today’s Price Change: $0.03 -6.25%
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $1.17 +4.93%
Sector: Satellite Communication
Deal Type: Placement
Raise Amount: $5.3M & $5M
Latest Entry Price: $0.44 with a 1:4 Option
Today’s Price Change: $0.255 Unchanged
Sector: Biomaterials
Deal Type: Placement
Raise Amount: $2.85M
Latest Entry Price: $0.10 with a 1:2 NC6OA
Today’s Price Change: $0.087 -2.25%
Sector: Energy
Deal Type: Placement
Raise Amount: $1.46M
Latest Entry Price: $0.09 with a 1:4 RNEO
Today’s Price Change: $0.044 Unchanged
Sector: Cybersecurity
Deal Type: Placement
Raise Amount: $2.9M
Latest Entry Price: $0.027 with a 1:2 CPTOC
Today’s Price Change: $0.018 +20.00%
Sector: Lithium/Graphite
Deal Type: Placement
Raise Amount: $7.8M
Latest Entry Price: $0.078 with 1:1 option
Today’s Price Change: $0.085 +4.94%
Sector: Mining
Deal Type: Underwritten Rights Offer
Raise Amount: $2.98M
Latest Entry Price: $0.24 with a 1:1 BOAOA
Today’s Price Change: $0.16 Unchanged
Sector: Information Technology
Deal Type: Underwritten Rights Offer
Raise Amount: $1.5M
Latest Entry Price: $0.03 with a 1:1 Listed Option
Today’s Price Change: $0.022 Unchanged
Sector: Consumer Discretionary
Deal Type: Seed, Bridging and IPO
Raise Amount: $10M
Latest Entry Price: $0.08 with a 1:1 CLBO
Today’s Price Change: $0.074 Unchanged
Sector: Hemp & CBD
Deal Type: Pre IPO
Raise Amount: $2.5M
Latest Entry Price: $0.20
Today’s Price Change: CAD $0.02 Unchanged
Sector: Psychedelic assisted Therapy
Deal Type: Pre IPO
Raise Amount: $1.5M
Latest Entry Price: $0.08 with a 1:2 Option
Today’s Price Change: CAD $0.015 Unchanged
Sector: mining
Deal Type: Placements & Rights Offer
Raise Amount: $1.5M
Latest Entry Price: $0.008 with a 1:2 MRQOC
Today’s Price Change: $0.008 Unchanged
Sector: CBDDeal Type: Placement
Raise Amount: $5M
Latest Entry Price: $0.022 with a 1:2 AVEO
Today’s Price Change: $0.018 Unchanged
Sector: Cannabis and Hemp
Deal Type: Placement
Raise Amount: $6.6M
Latest Entry Price: $0.033 with 1:2 Listed Option
Today’s Price Change: $0.024 +9.09%
Sector: Information Technology
Deal Type: Placement
Raise Amount: $800K
Latest Entry Price: $0.03 with a 1:1 Option
Today’s Price Change: $0.099 Unchanged
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