Happy Friday!
Aren’t we glad its the weekend coming up…
Another huge week @PeakHQ as we closed our Beam Communications (ASX:BCC) placement.
We should finalise allocations today so keep an eye for it in your inbox later this afternoon.
Also on the watchlist was ESR and GBR, after some large moves in yesterday’s trading session.
Across markets…
Last night, U.S. stocks rose to almost five-week highs as traders speculated that lawmakers will eventually provide more stimulus and corporate deal activity increased. Treasury bond yields dropped and the dollar weakened.
The S&P 500 finished up 0.8% after conflicting comments from President Donald Trump and House Speaker Nancy Pelosi whipsawed equity markets earlier in the day.
Energy, utilities and financials were the biggest gainers in the benchmark index, with crude oil rallying as Hurricane Delta approached the already battered Louisiana coast.
”It’s likely that there will continue to be near-term volatility due to the back-and-forth over a deal,” UBS Global Wealth Management strategists led by Mark Haefele wrote in a note. “A stimulus deal will be struck eventually, central banks will continue to stay supportive, and medical developments still have scope to surprise, in our view.”
Eaton Vance Corp. leaped after the investment firm agreed to be taken over by Morgan Stanley.
IBM surged after saying it will spin off its infrastructure unit. Regeneron Pharmaceuticals Inc. rose after Trump said its antibody cocktail was the “key” to his quick recovery. The president said he would authorize its emergency use.
The SPI is down 34 points this morning.
Source: Bloomberg
Stocks
The S&P 500 Index increased 0.8% to 3,446.85 as of 4:01 p.m. New York time, the highest in almost five weeks.
The Dow Jones Industrial Average rose 0.4% to 28,425.71, the highest in five weeks.
The Nasdaq Composite Index climbed 0.4% to 11,420.98, the highest in almost five weeks.
The Nasdaq 100 Index gained 0.4% to 11,550.94.
The Stoxx Europe 600 Index jumped 0.8% to 368.31, the highest in almost three weeks.
Currencies
The Bloomberg Dollar Spot Index decreased 0.2% to 1,170.35.
The euro was little changed at $1.176.
The Japanese yen was little changed at 106 per dollar, the weakest in almost four weeks.
Bonds
The yield on 10-year Treasuries fell two basis points to 0.76%.
The yield on 30-year Treasuries decreased two basis points to 1.56%.
Germany’s 10-year yield fell three basis points to -0.52%, the largest drop in more than two weeks.
Britain’s 10-year yield declined one basis point to 0.289%, the biggest fall in more than a week.
Commodities
West Texas Intermediate crude climbed 3.2% to $41.26 a barrel, the highest in almost three weeks.
Gold strengthened 0.3% to $1,894.64 an ounce.
Copper gained 0.2% to $3.04 a pound, the highest in more than two weeks.
Source: Bloomberg
After months of anticipation, ASX manufacturing stocks and their investors are seeing concrete steps being taken to boost the domestic industry.
In the early 1960s, manufacturing was 30 per cent of Australia’s GDP, but it now accounts for just 5.7 per cent.
This steep decline is due to Australia’s increased dependence on overseas supply chains, which have been put under extreme pressure during the COVID-19 pandemic.
The disruption of international trade and COVID-19 restrictions offshore was a big cost, but the pandemic has also triggered broader economic and political arguments about Australia bringing manufacturing home.
In the federal budget earlier this week, the Morrison government unveiled a formal manufacturing strategy. It will invest $1.5bn across six priority sectors…
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.055 +1.85%
Sector: Consumer Discretionary
Year: 2018, 2019
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Price Change: $0.16 -3.03%
Sector: Technology
Year: 2018
Deal Type: Seed and IPO
Raise Amount: $10m
Price Change: $0.12 Unchanged
Sector: Mining
Year: 2017
Deal Type: Seed & IPO
Raise Amount: $5m
Price Change: $0.17 -12.82%
Sector: Mining
Year: 2017
Deal Type: IPO & Placement
Raise Amount: $6m
Price Change: $0.060 +1.69%
Sector: Healthcare Equipment and Services
Year: 2016
Deal Type: IPO
Raise Amount: $8m
Price Change: $0.051 Unchanged
Sector: Materials
Year: 2016
Deal Type: IPO
Raise Amount: $9m
Price Change: $0.023 -8.00%
Sector: Biotechnology
Year: 2015, 2017, 2018
Deal Type: Placements & IPO
Raise Amount: $5m
Price Change: $2.97 +3.48%
Sector: Media an Entertainment
Year: 2016
Deal Type: Reverse Takeover
Raise Amount: $4m
Price Change: $0.036 +16.13%
Sector: Mining
Year: 2018, 2019, 2020
Deal Type: Placements & Rights Offer
Raise Amount: $1.5m
Price Change: $0.009 -10.00%
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: $0.067 -17.28%
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 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 $0.060 -7.69%
Sector: Mining
Year: 2020
Deal Type: Placement
Raise Amount: $330k
Price Change: 0.045 -8.16%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
