Poland's robust hard-working, missile-blast market: ASX down 0. 41% at midday

by Lauren Hayes

The Australian market shed Wall Street’s positive lead overnight with the primary index opening lower. It’s time for the G20 summit for the assembly of world leaders in Bali, and investors are digesting a missile explosion in Poland, while uncertainty mounts. an imaginable escalation of the war in Ucrania. La energy overcomes, led by Whitehaven Coal.

At noon, the S

SPI futures down 37.

In economic news, the Australian Bureau of Statistics this morning released the wage value index, which rose 1% in the third quarter of the year, raising the annual expansion to 3. 1%. a quarterly gain of 0. 9% and a year-on-year accumulation of 3%. The RBA will see the result as a sign of whether peak inflation is affecting wage- and value-setting behavior. Economists now expect the RBA to raise rates through 25 foundation issues in December and 50 foundation issues in early 2023.

And the cryptocurrency debacle is away from home with Brisbane-based cryptocurrency exchange Digital Surge freezing withdrawals, increasing its exposure to bankrupt global FTX player. Digital Surge described in an email to customers its vulnerability to the collapsed trading platform.

Best and worst performers

The sector with the highest energy productive performance, rose by 1. 29%. The sector with the worst monetary performance services, fell by 1. 37%.

The maximum effective action of the S

The worst performing inventory of the S.

Asian News

JPMorgan has lowered its economic forecast for China in reaction to the developments, adding recent covid cases and a “notable drag on domestic activity,” analysts said in a note.

The investment bank now expects China’s GDP expansion by 2022 to be 2. 9%, down from its previous forecast of 3. 1%. In 2023, JPMorgan forecasts a 4% expansion in the Chinese economy, up from the previous forecast of 4. 5%.

Japan’s Nikkei 225 fell 0. 59% and the Topix fell 0. 51%. South Korea’s Kospi has so far lost 0. 68%. MSCI’s broadest Asia-Pacific equity index, Japan, fell 0. 3%.

Chinese tech giant Tencent is set to release its third-quarter effects and a report says the company is making a new homework cuts circular. Indonesia’s central bank begins its two-day meeting, at which economists expect the benchmark interest rate to rise 50 editions of the foundation to 5. 25 percent.

Another pickup in inflation

The momentary impression of cooler-than-expected inflation in less than a week was the latest growth/long-term/risk-driven rally. It was probably an additional help for positioning and sentiment dynamics. Bank of America’s November survey of global fund managers showed liquidity grades at 6. 2%, with Bank of America’s Bull gauge

Russian-made missiles fall on NATO member Poland, killing two

Explosions on Poland’s eastern border killed two more people on Tuesday (Bloomberg). Poland said the explosion was caused by a Russian-made missile, but there is no concrete evidence of the culprit for the explosion (Bloomberg). NATO ambassadors and EU leaders will hold separate meetings on Wednesday to discuss developments. The White House also showed that President Biden had been briefed and spoke with Polish President Duda. Duda said his country will likely invoke Article Four of the NATO treaty, which allows allies to raise threat considerations. to national security with other NATO members. Russia denied duty, calling the reports a “deliberate provocation” aimed at escalating tensions. missile bombing against Kyiv and other parts of Ukraine.

Company News

Bass Oil Limited (ASX: BAS) has demonstrated that it has known a significant fuel resource in South Australia’s Cooper Basin. The fuel resource known after an independent geological assessment through Fluid Energy Consultants, represents a significant new fuel domain in the region and a new fuel source for the domestic market. In response, Bass Oil Managing Director Tino Guglielmo said: “A new fuel resource of this type can be successfully commercialised thanks to Cooper Basin’s mature infrastructure. As we move aggressively this time, we are also conscious of maximizing profits for our shareholders. The shares are trading up 138% at nine cents.

Stealth Global Holdings Ltd (ASX:SGI), a leading commercial distribution group, announced its effects on sales during the first 4 months of the FY 2023 business period. Here are some highlights: The company increased its profit by 22% to $36 million, while the company delivered double-digit sales expansion across all visitor segments. The shares are trading 3. 9% at 14 cents.

Archer Materials Limited (ASX: AXE) has informed shareholders that the company has implemented an early-stage prototype of a built-in biochip platform with automated handling and reading of liquid samples. This painting is a first step towards advertising Archer’s biochip technology. In the development of Archer’s biochip, the company’s chief executive, Dr. Mohammad Choucair, said: “Archer will build complex and complicated versions of this formula that can only be used in advertising or implemented study contexts. “cents

Commodities and the dollar

SMSFBrokerFinancial Advisor

Lake Resources (LKE. ASX): LKE signed two non-binding memoranda of understanding within 10 days. Ford Company (Ford) signed a memorandum of understanding for about 25,000 t/year and last week Hanwa, a Japanese commodity trader, signed a memorandum of understanding for up to 25,000 t/year. Subject to execution, this is a feat, as Ford and Hanwa are in a position to engage in long-term strategic partnerships with LKE. Trade negotiations are still ongoing, but they should, especially if Ford and Hanwa inject a new equity into LKE, further reduce the risks related to mission funding and thus ensure that LKE and Kachi are fully funded.

SMSFBrokerFinancial Advisor

Two recent severity studies particularly exceeded expectations and revealed the possibility of expansion of the existing ERM at Throssell Lake, as well as an opportunity for expansion at Lake Yeo. This reinforces the prospect of a decades-long SOP Tier 1 production facility founded around Lake Throssell.

Lately, TMG is completing paints for PFS scheduled for early 2023, adding drilling to begin in the third quarter of 2022, evaporation testing and permitted activities. The effects of these systems will be the SFP and any long-term resource upgrades.

SOP reference prices increased to ~US$940/t due to recent geopolitical developments. The October 2021 scope study assumed a SOP value of USD 550/t and included a sensitivity study showing that every 10% accumulating effects on value at $144 million accumulating in the NPV of the $364 million allocation. The accumulation of about 70% compared to the scope study implies a NPV allocation of about $1. 4 billion.

SMSFBrokerFinancial Advisor

Despite the fall in reported oil and fuel prices, which fell by 5. 4% and 19. 7% respectively in August, Calima managed to show an improvement in its main parameters.

SMSFBrokerFinancial Advisor

WT Financial Group Limited (WTL) is a fast-growing diversified money company, founded in 2010 and indexed on the Australian Securities Exchange (ASX) in 2015. Their product recommendations and offerings are primarily provided through an organization of independent money advisors who operate as legal advisors. WTL in its brokerage organization activities Wealth Today Pty Ltd (Wealth Today) and Sentry Group Pty Ltd (Sentry Group). He has approximately 275 advisors in over two hundred money advisory firms across Australia. transaction under its Spring Financial Group brand.

SMSFBrokerFinancial Advisor

In May 2021, Corporate Connect analyst Marc Sinatra published a comprehensive study report on biotechnology indexed at ASX Immutep Ltd (ASX: IMM). It was so inspired by IMM that Corporate Connect found it imperative to publish a follow-up report that included an assessment of the company, as the market did not see the great potential of eftyleagimod alfa (efti).

This follow-up report published today. Using comparables, after adding the money to your EV estimate and dividing it by the total number of percentages issued, Corporate Connect now puts the fair price of an Immutep percentage at 2. 20 $A.

SMSFBrokerFinancial Advisor

Poland’s robust hard-working, missile-blast market: ASX down 0. 41% at midday

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