Happy Friday!
An early morning beach run to kickoff the day as we get set to close the week.
Across markets…
Last night, stocks pared losses as traders awaited news on negotiations over a fresh round of stimulus amid a resurgence in coronavirus cases around the globe. The dollar climbed.
The S&P 500 came off session lows as banks rebounded from a two-day selloff and energy shares rallied. House Speaker Nancy Pelosi told Democrats that a Covid-19 relief package won’t wait until January as she was scheduled to have another call with Treasury Secretary Steven Mnuchin, while President Donald Trump said he’d go over $1.8 trillion in stimulus.
Equities slumped earlier in the day as Europe’s biggest cities clamped down to curb the virus, adding to concern that further restrictions could cause more damage to the global economy.
Investors also assessed data showing an unexpected surge in jobless claims to the highest since August — a troubling sign for a labor market whose recovery from the pandemic was already slowing. Covid-19’s recent march across the Midwest has caught up with the region’s most populous states: Illinois, Ohio and Michigan.
Governments around the world are grappling with how to devise targeted strategies that slow the spread of the virus, without resorting to the kind of broad national lockdowns that have decimated the economy.
The SPI is down 13 points this morning.
Source: Bloomberg
Stocks
The S&P 500 decreased 0.2% as of 4 p.m. New York time.
The Stoxx Europe 600 Index sank 2.1%.
The MSCI Asia Pacific Index decreased 1.1%.
Currencies
The Bloomberg Dollar Spot Index gained 0.4%.
The euro dipped 0.4% to $1.1704.
The British pound fell 0.9% to $1.2897.
The Japanese yen weakened 0.2% to 105.42 per dollar.
Bonds
The yield on 10-year Treasuries rose less than one basis point to 0.73%.
Germany’s 10-year yield fell three basis points to -0.61%.
Britain’s 10-year yield sank four basis points to 0.18%.
Commodities
The Bloomberg Commodity Index rose 0.6%.
West Texas Intermediate crude decreased 0.1% to $41.01 a barrel.
Gold strengthened 0.3% to $1,907.49 an ounce.
Source: Bloomberg
Global Energy Ventures’ (ASX:GEV) shares moved 8 per cent higher Thursday to 6.5c after announcing it will build a new ship to carry compressed hydrogen exports – a world first.
Named the H2 Ship, the vessel will have a storage capacity for compressed hydrogen of up to 2,000 tonnes equivalent to 23 million cubic metres, and is intended to serve export markets in the Asia-Pacific region.
A launch date for the vessel has yet to be set, although engineering details will be lodged with the American Bureau of Shipping for approval in early 2021.
“The ship will enter service in line with the start of an export project,” said GEV executive director, Martin Carolan, in answer to Stockhead’s questions.
“This is the first compressed hydrogen marine vessel. The design is specific for the storage of hydrogen,” he said
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.060 -1.64%
Sector: Consumer Discretionary
Year: 2018, 2019
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Price Change: $0.18 -2.78%
Sector: Technology
Year: 2018
Deal Type: Seed and IPO
Raise Amount: $10m
Price Change: $0.12 +4.55%
Sector: Mining
Year: 2017
Deal Type: Seed & IPO
Raise Amount: $5m
Price Change: $0.18 -5.26%
Sector: Mining
Year: 2017
Deal Type: IPO & Placement
Raise Amount: $6m
Price Change: $0.068 -8.11%
Sector: Healthcare Equipment and Services
Year: 2016
Deal Type: IPO
Raise Amount: $8m
Price Change: $0.061 -10.29%
Sector: Materials
Year: 2016
Deal Type: IPO
Raise Amount: $9m
Price Change: $0.021 -12.50%
Sector: Biotechnology
Year: 2015, 2017, 2018
Deal Type: Placements & IPO
Raise Amount: $5m
Price Change: $3.00 -2.60%
Sector: Media an Entertainment
Year: 2016
Deal Type: Reverse Takeover
Raise Amount: $4m
Price Change: $0.034 Unchanged
Sector: Mining
Year: 2018, 2019, 2020
Deal Type: Placements & Rights Offer
Raise Amount: $1.5m
Price Change: $0.010 Unchanged
Sector: Discretionary
Year: 2020
Deal Type: Placement
Raise Amount: $1.3m
Price Change: $0.0070 Unchanged
Sector: Gaming
Year: 2020
Deal Type: Placement
Raise Amount: $1.25m
Price Change: $0.061 +3.39%
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 $0.06 +9.09%
Sector: Mining
Year: 2020
Deal Type: Placement
Raise Amount: $330k
Price Change: 0.046 -6.12%
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