U. S. markets continued to advance, supported by strong effects. So far, the effects of the reporting season have shown that more than 80% of U. S. corporations have exceeded expectations. First-quarter earnings are now on track to rise as much as 4. 7% year-over-year. behind.
The s
In corporate news, Tesla jumped more than 15% after clearing a major hurdle for China’s fully autonomous driving technology. Apple rose about 2. 5% following an update from investment corporation Bernstein.
Deciphera Pharmaceuticals is expected to be acquired through Japan’s ONO Pharmaceuticals for about $2. 4 billion in cash, with interest of $25. 60 per share, representing a premium of about $75 over Friday’s final price.
Domino’s Pizza rose more than five after reporting better-than-expected earnings. Apple, McDonald’s, Coca-Cola and Amazon are expected to report earnings this week. Of the more than 46% of corporations indexed in the S
On the economic front, investors are also keeping an eye on this week’s Federal Reserve meeting. The Federal Reserve is expected to make its final interest rate announcement on Wednesday. While the central bank is expected to keep the debt burden unchanged, investors will continue to keep an eye on the release. -Announced press conference with Chair Jerome Powell.
Among the U. S. sectors, the most productive is Consumer Discretionary, which closed up 2. 03 percent. The worst is Communications, which ended down 2. 06 percent for the day.
In domestic markets, ABS retail sales data for March will be released today. Forecasters expect a steady monthly increase of 0. 2 percent. An increase consistent with retail printing would put additional pressure on the RBA’s inflation outlook and, ultimately, its rate policy. Futures Contracts
SPI futures point to a 0. 2 percent drop.
Motto
At 7:25 a. m. , one Australian dollar was worth 65. 66 U. S. cents.
Commodities
Gold added 0. 45 percent. Silver rose 0. 45 percent and copper rose 2. 24 percent. Oil is down 1. 46 percent.
Figures The World
European markets closed mixed. London’s FTSE gained 0. 09. The Frankfurt Array lost 0. 24 and Paris closed 0. 29 lower.
In Asian markets, Tokyo’s Nikkei closed, Hong Kong’s Hang Seng rose 0. 54% and China’s Shanghai Composite closed up 0. 79%.
The Australian stock market closed up 0. 81 percent at 7,637. 38.
Ex-dividendMetrics Income (ASX:MOT) will pay 1. 4 cents without deductibleMetrics Master (ASX:MXT) will pay 1. 49 cents without deductible
Dividends payableCenturia Industrial REIT (ASX:CIP)Centuria Office REIT (ASX:COF)Magontec Ltd (ASX:MGL)Rural Funds Group (ASX:RFF)SDI Ltd (ASX:SDI)Yancoal Australia Ltd (ASX:YAL)
Sources: Bloomberg, FactSet, IRESS, TradingView, UBS, Bourse Data, Trading Economics, CoinMarketCap.
Disclaimer
The opinions, reviews, or recommendations of the commenters in this presentation are solely those of the author and do not in any way reflect the opinions, reviews, and recommendations of Sequoia Financial Group Limited ABN 90 091 744 884 and its similar legal entities (“SEQ”). SEQ makes no representations or warranties as to the accuracy, completeness or timeliness of the content. All published costs are accurate based on the time of filming and do not deserve to be taken into account when making a monetary decision. Commentators would possibly hold positions in the actions discussed, and corporations would possibly pay FNN to produce the content. The content is for educational purposes only and does not constitute a monetary recommendation. You deserve to receive an independent recommendation from an Australian Money Services licensee before making any investment decisions. To the extent permitted by law, QES excludes liability for any loss or damage arising in any way, adding negligence.
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Increases across all areas of Deep Leads resources: quality, tonnage and target area ABx Group has reported a 30% increase in its Mineral Resource Estimate (MRE) at the Deep Leads Ionic Adsorption Clay (IAC) rare earth deposit in northern Tasmania. The accumulation in MRE comes from 36 extension wells analyzed, representing a significant northward extension for the existing Deep Leads prospect.
Lake Resources (LKE. ASX) – LKE has signed two non-binding memorandums of understanding within 10 days. Ford Company (Ford) has signed a memorandum of understanding for about 25,000 t/year and last week, Hanwa, a Japanese commodity trading company, 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 longer-term strategic partnerships with LKE. Commercial negotiations are still ongoing, but they should, i. e. if Ford and Hanwa inject new capital into LKE, it will further reduce the risk of the financing of the assignment and thus ensure that LKE and Kachi are fully funded.
Two recent severity studies have particularly exceeded expectations and revealed the possibility of expanding the existing MRE at Throssell Lake, as well as a significant expansion opportunity at Yeo Lake. This reinforces the prospect of a multi-decade-long Tier 1 SOP production facility around Throssell Lake.
TMG is currently completing paints for the planned PFS in early 2023, adding the start of drilling in the third quarter of 2022, evaporation testing and permitting activities. The effects of these systems will affect the SFP and any long-term resource improvements.
SOP reference prices have risen to around 940 USD/t due to recent geopolitical developments. The October 2021 scoping study assumed an SOP value of $550/t and contained a sensitivity study showing that every 10% accumulated in value effects at a cumulative $144 million in NPV of the $364 million allocation. The increase of approximately 70% during the scoping study implies an allocation NPV of approximately $1. 4 billion.
Despite the drop in oil and fuel prices, which fell by 5. 4% and 19. 7% respectively in August, Calima managed to record an improvement in its key industry indicators.
WT Financial Group Limited (WTL) is a fast-growing diversified monetary company founded in 2010 and indexed on the Australian Securities Exchange (ASX) in 2015. Their recommendations and product offerings are primarily provided through an organization of independent money advisors who act as legal representatives. . de WTL in connection with its broker organisation business Wealth Today Pty Ltd (Wealth Today) and Sentry Group Pty Ltd (Sentry Group). It has approximately 275 advisers in more than two hundred money advice firms across Australia. It also operates a direct-to-consumer operation under its Spring Financial Group brand.
In May 2021, Corporate Connect analyst Marc Sinatra published a comprehensive study report on ASX-listed biotech company Immutep Ltd (ASX: IMM). He was so inspired by IMM that Corporate Connect felt it was imperative to publish a follow-up report that valued the company. as the market did not see the great prospects of Eftilagimod Alpha (EFTI).
The follow-up report published today. Using comparables, after adding a monetary rebate to its EV estimate and dividing it by the total number of percentages issued, Corporate Connect now puts the fair price of a percentage of Immutep at A$2. 20.