Happy Wednesday!
Dow Jones above 30,000 as the “Biden Transition” kicks into effect…
The republicans will block any tax hikes, so don’t worry about that …
It’s all about Sustainable Investments (Hydrogen, Farming, Bio-degradable nappies etc), technology and healthcare that will be a major focus in 2021.
The “Digital Transformation” is certainly here with Bitcoin at over $19,100 USD!
Those that want electrical cars and going “green”, also need lots of copper as copper is the main metal used for the transportation of electricity!
So we expect, copper stocks to “shine”….
Across markets…
Last night, speculation that vaccines and a possibly peaceful presidential transition are steps toward normalization in the economy ignited another rally in shares ravaged by the pandemic, pushing the Dow Jones Industrial Average past 30,000 for the first time.
Boeing Co., a chronic drag on the 124-year-old index most of the year, surged as much as 5%, while JPMorgan Chase & Co., American Express Co. and Chevron Corp. climbed at least 3%.
Gains outside the blue-chip benchmark were even bigger: American Airlines Group Inc. and Carnival Corp. jumped more than 8% while movie theater operator AMC Entertainment Holdings Inc. jumped 15%.
Once a laggard, the Dow and its cyclical components have shot up 13% since Halloween, putting it on track for the best month since 1987.
Gains in the world’s most-famous equity index mirror a profound market reordering in November, when growing optimism about an economic reopening pushed up industries like energy and banking that suffered under stay-at-home restrictions and the policies enacted to cope with them.
Source: Bloomberg
Stocks
The S&P 500 Index rose 1.5% as of 2:18 p.m. New York time.
The Stoxx Europe 600 Index rose 0.9%.
The MSCI Asia Pacific Index rose 0.9%.
The MSCI Emerging Market Index was little changed.
Currencies
The Bloomberg Dollar Spot Index fell 0.3%.
The euro climbed 0.2% to $1.187.
The British pound gained 0.1% to $1.3333.
The onshore yuan was little changed at 6.586 per dollar.
The Japanese yen was little changed at 104.54 per dollar.
Bonds
The yield on 10-year Treasuries jumped two basis points to 0.87%.
The yield on two-year Treasuries increased less than one basis point to 0.16%.
Germany’s 10-year yield gained three basis points to -0.56%.
Japan’s 10-year yield climbed one basis point to 0.025%.
Commodities
West Texas Intermediate crude surged 4.7% to $45.07 a barrel.
Brent crude climbed 1.6% to $47.845 a barrel.
Gold futures weakened 1.9% to $1,809.30 an ounce.
Source: Bloomberg
Agricultural technology specialist Roto-Gro International (ASX: RGI) is set to roll-out its perishable food and vertical farming divisions backed by a $1.53 million capital raising.
The Melbourne-based company this morning announced it has received firm commitments from a range of professional and sophisticated domestic investors for the placement of approximately 38 million shares at $0.04 to raise the funds.
Each share issue will have attaching options on a 2:3 basis exercisable at $0.05 and expiring at the end of 2023 (subject to shareholder approval).
Settlement of the shares is expected by month end and Roto-Gro expects a general meeting of shareholders to approve the issue of options in the new year.
Peak Asset Management acted as lead manager to the placement and will work closely with the company to drive shareholder value.
Roto-Gro non-executive chairman Michael Carli said the raising is an “important step forward as we welcome a number of new shareholders to our register”.
Proceeds will be used to drive the roll-out of Roto-Gro’s perishable food division and expand its presence in the vertical farming space across North America.
Small Caps
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.046 Unchanged
Sector: Consumer Discretionary
Year: 2018, 2019
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Price Change: $0.12 Unchanged
Sector: Technology
Year: 2018
Deal Type: Seed and IPO
Raise Amount: $10m
Price Change: $0.084 Unchanged
Sector: Mining
Year: 2017
Deal Type: Seed & IPO
Raise Amount: $5m
Price Change: $0.17 -10.53%
Sector: Mining
Year: 2017
Deal Type: IPO & Placement
Raise Amount: $6m
Price Change: $0.054 -3.57%
Sector: Healthcare Equipment and Services
Year: 2016
Deal Type: IPO
Raise Amount: $8m
Price Change: $0.095 -1.04%
Sector: Materials
Year: 2016
Deal Type: IPO
Raise Amount: $9m
Price Change: $0.030 +25.00%
Sector: Biotechnology
Year: 2015, 2017, 2018
Deal Type: Placements & IPO
Raise Amount: $5m
Price Change: $3.00 -1.64%
Sector: Media an Entertainment
Year: 2016
Deal Type: Reverse Takeover
Raise Amount: $4m
Price Change: $0.041 -2.38%
Sector: Mining
Year: 2018, 2019, 2020
Deal Type: Placements & Rights Offer
Raise Amount: $1.5m
Price Change: $0.010 -9.09%
Sector: Discretionary
Year: 2020
Deal Type: Placement
Raise Amount: $1.3m
Price Change: $0.0050 Unchanged
Sector: Gaming
Year: 2020
Deal Type: Placement
Raise Amount: $1.25m
Price Change: $0.19 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 -6.25%
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 $0.055 +22.22%
Sector: Mining
Year: 2020
Deal Type: Placement
Raise Amount: $330k
Price Change: 0.030 -6.25%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
