Happy Friday!
So…
Fund managers and economics say the RBA's decision to add billions of dollars in more record low-cost borrowing for years out, will set off a "raging" bull market this year.
However…
RBA governor Philip Lowe, said he had no concerns of bubbles forming in housing or stocks despite pinning the official cash rate to 0.1 per cent.
What do you think?
Across markets…
Australian shares are set to rise at the open, bolstered by broad gains in Europe and New York. Local investors will be paying particular attention to the RBA this morning.
Governor Phil Lowe will give testimony to the House of Representatives Standing Committee on Economics in Canberra, beginning at 9.30am AEDT. The bank will release its latest Statement on Monetary Policy at 11.30am AEDT.
ASX futures were up 64 points or 1 per cent to 6761 near 7am AEDT. The currency slipped below US76¢.
In New York, all three major benchmarks were higher. At 3.06pm, the Dow was up 267 points or 0.9 per cent, led by Visa, Travelers and American Express.
The S&P 500 was up 0.8 per cent. Ten of the S&P 500’s 11 industry groups advanced, paced by financials, information technology and industrials.
The American Association of Individual Investors found little change in sentiment from a week ago; 37.4 per cent of those who responded were bullish on the outlook for equities, from 37.7 per cent.
However the AAII said optimism is below its historical average of 38 per cent for the second consecutive week.
Source: AFR
As adoption of electric vehicles (EVs) and energy storage increases, the demand for battery metals such as lithium, nickel, cobalt and graphite will also increase in tandem.
In Australia alone, IDTechEx expects more than 2.5 gigawatt hours of battery installations in 2021, a seven-fold increase over 2017.
However, the greater use of lithium-ion batteries will increasingly be accompanied by more LiBs being disposed after they are depleted.
And that is cause for concern. Many of the heavier metals used in batteries will leach into surface and groundwater, which could pollute the environment, once the batteries start to break down in landfill.
Speaking to Stockhead, Lithium Australia (ASX:LIT) managing director Adrian Griffin noted that with most EV batteries having an anticipated useable life of 10-12 years, most of the EVs on Australian roads still have a fairly significant service life.
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.045 Unchanged
Sector: Consumer Discretionary
Year: 2018, 2019
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Price Change: $0.16 +6.67%
Sector: Technology
Year: 2018
Deal Type: Seed and IPO
Raise Amount: $10m
Price Change: $0.037 -5.13%
Sector: Mining
Year: 2017
Deal Type: Seed & IPO
Raise Amount: $5m
Price Change: $0.20 Unchanged
Sector: Mining
Year: 2017
Deal Type: IPO & Placement
Raise Amount: $6m
Price Change: $0.044 -4.35%
Sector: Healthcare Equipment and Services
Year: 2016
Deal Type: IPO
Raise Amount: $8m
Price Change: $0.12 +8.70%
Sector: Materials
Year: 2016
Deal Type: IPO
Raise Amount: $9m
Price Change: $0.031 +3.33%
Sector: Biotechnology
Year: 2015, 2017, 2018
Deal Type: Placements & IPO
Raise Amount: $5m
Price Change: $2.64 -5.04%
Sector: Media an Entertainment
Year: 2016
Deal Type: Reverse Takeover
Raise Amount: $4m
Price Change: $0.043 -4.44%
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: $0.068 Unchanged
Sector: Gaming
Year: 2020
Deal Type: Placement
Raise Amount: $1.25m
Price Change: $0.12 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: $0.012 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 $0.10 +5.00%
Sector: Mining
Year: 2020
Deal Type: Placement
Raise Amount: $330k
Price Change: 0.19 -9.52%
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