This morning we are heading to our first site visit in 2020 (thanks to covid) and seeing a hydroponics facility not far out of Melbourne…
Yes, the Zoom calls have been fun, but there is nothing quite like meeting management in person, seeing the facility first hand and catching up for a glass of wine/coffee.
Speaking about wine – for those in Melbourne, please keep next THU 10 December free post work.
Across markets…
Last night, stocks edged higher amid renewed optimism over U.S. stimulus talks and a jump in the shares of energy companies. Treasury yields rose for a third day, while the dollar fluctuated.
The S&P 500 had fluctuated between gains and losses for most of the day after initially retreating from Tuesday’s record high. Salesforce.com Inc. weighted on technology shares with analysts calling its purchase of Slack Technologies Inc. expensive.
House Speaker Nancy Pelosi and Senate Democratic leader Chuck Schumer called for immediate talks and said a bipartisan $908 billion aid proposal should be the foundation for negotiations.
“It’s a push-and-pull of market positioning,” said Tom Hainlin, national investment strategist at U.S. Bank Wealth Management’s Ascent Private Wealth Group. “It’s just this two step forward, one step back that we’ve watched in the stock market for a number of months now.”
Oil snapped a three-day slide after a surprise decline in U.S. crude inventories and signals that OPEC+ made progress toward a widely anticipated deal on output curbs.
Earlier, Pfizer Inc. climbed after its shot was cleared for deployment in the U.K. as soon as next week.
Britain’s pound slumped after the European Union’s chief Brexit negotiator Michel Barnier reportedly told envoys the outcome of any deal is still too close to call.
The SPI is up 17 points this morning.
Source: Bloomberg
Stocks
The S&P 500 Index rose 0.1% to 3,667.48 as of 2:40 p.m. New York time, the highest on record.
The Dow Jones Industrial Average gained 0.1% to 29,860.04.
The Nasdaq Composite Index declined 0.1% to 12,337.76, the largest drop in more than a week.
The Stoxx Europe 600 Index dipped 0.1% to 391.69.
The MSCI All-Country World Index jumped 0.2% to 626.11, the highest on record.
Currencies
The Bloomberg Dollar Spot Index was little changed at 1,136.32, the lowest in more than two years.
The euro gained 0.2% to $1.2095, the strongest in more than two years.
The Japanese yen depreciated 0.2% to 104.56 per dollar, the weakest in more than two weeks.
The British pound dipped 0.4% to $1.3361, the largest decrease in almost three weeks.
Bonds
The yield on 10-year Treasuries rose two basis points to 0.95%, the highest in three weeks.
Germany’s 10-year yield gained one basis point to -0.52%, the highest in three weeks.
Britain’s 10-year yield increased one basis point to 0.354%, the highest in three weeks.
Commodities
West Texas Intermediate crude gained 1.5% to $45.21 a barrel, the first advance in a week.
Gold strengthened 0.8% to $1,829.89 an ounce, the highest in more than a week.
Source: Bloomberg
This week’s landmark announcement by the Western Australian government of an electric vehicle strategy designed to get more EVs on the state’s roads would undoubtedly have put a spring in the step of battery technology enthusiasts.
The $21 million plan will create an infrastructure network running from Perth through to the iron rich territory of the Kimberley, out to the Goldfields hub of Kalgoorlie and beyond to picturesque Esperance coast.
It’s a positive measure mirrored in jurisdictions around the world, as they look to lessen the impact of combustion engines on the environment. A step towards step-change, and one which has the potential to drive significant growth in EV uptake in the years to come.
But here’s a point you may not have considered – where does the electricity used to charge the EVs come from?
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.045 -2.17%
Sector: Consumer Discretionary
Year: 2018, 2019
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Price Change: $0.14 +3.57%
Sector: Satellite Communication
Year: 2020
Deal Type: Placement
Raise Amount: $5m
Price Change: $0.028 Unchanged
Sector: Vertical Farming
Year: 2020
Deal Type: Placement
Raise Amount: $1.53m
Price Change: $0.068 +17.24%
Sector: Technology
Year: 2018
Deal Type: Seed and IPO
Raise Amount: $10m
Price Change: $0.081 +1.25%
Sector: Mining
Year: 2017
Deal Type: Seed & IPO
Raise Amount: $5m
Price Change: $0.17 Unchanged
Sector: Mining
Year: 2017
Deal Type: IPO & Placement
Raise Amount: $6m
Price Change: $0.052 -5.45%
Sector: Healthcare Equipment and Services
Year: 2016
Deal Type: IPO
Raise Amount: $8m
Price Change: $0.084 Unchanged
Sector: Materials
Year: 2016
Deal Type: IPO
Raise Amount: $9m
Price Change: $0.025 -7.41%
Sector: Biotechnology
Year: 2015, 2017, 2018
Deal Type: Placements & IPO
Raise Amount: $5m
Price Change: $2.96 -1.00%
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: $0.011 +10.00%
Sector: Discretionary
Year: 2020
Deal Type: Placement
Raise Amount: $1.3m
Price Change: $0.0060 +20.00%
Sector: Gaming
Year: 2020
Deal Type: Placement
Raise Amount: $1.25m
Price Change: $0.17 -2.86%
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: $0.014 -6.67%
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 $0.075 -6.25%
Sector: Mining
Year: 2020
Deal Type: Placement
Raise Amount: $330k
Price Change: 0.035 -2.78%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
