Advanced Share Registry : Market Update - 16 September 2021

Wall Street saw a flash of green across the board as investors bought the dip to bring the trough back to a peak. The rebound followed an improvement in business conditions overshadowing weak economic data from China. Investors also monitored Beijing's crackdown on casinos and the collapse of property giant Evergrande and the impact on the real estate market.

The Fed's empire state manufacturing index soared after the figures painted a new story. The index surged 16 points to 34.3 above expectations of 17.2 as business conditions improved. With demand looking optimistic, market participants are looking to weigh this report with other eco news to see if the trend is across the board. However, if a positive pattern is seen, there could be a boost in economic growth forecasts to close off the year. Let's see what happens next week and if the Fed sticks to their guns next week.

Across the Atlantic, European markets closed lower dragged down by cyclicals. Paris lost over 1 per cent, Frankfurt closed 0.7 per cent lower and London's FTSE fell 0.3 per cent as U.K.'s inflation climbed to a nine year high in August.

Yesterday, the Australian sharemarket snapped its three day winning streak to close 0.3 per cent lower at 7,417.

The Australian Bureau of Statistics is set to release its August jobs report. It is expected that job losses will rise along with a fall in hours worked. Westpac group economists expect employment to fall by 150,000 in August. To note, there is some uncertainty with forecasts ranging up to 300,000.

Dow Jones	34,814.39	+236.82	0.68%
US S&P500	4,480.70	+37.65	+0.85%
US Nasdaq	15,161.53	+123.77	+0.82%
UK FTSE 100	7,016.49	-17.57	-0.25%

RECENT INDIAN OCEAN SECURITIES TRANSACTIONS

Balkan Mining Minerals Limited (ASX:BMM)	Mining Exploration Sector	IPO at $0.20	Price Change from IPO Investment: + $0.175 / 85.50%
Smart Auto Australia Limited (NSX:SAL)	Electric Commercial Vehicles Sector	IPO at $0.10	Price Change from IPO Investment: + $0.10 / 100%
Azure Health Technology Limited (NSX:VTL)	Health Technology	IPO at $0.20	Price Change from latest Investment entry: - 0.05 / 25%
Albion Resources Limited (ASX:ALB)	Diversified Metals & Mining	IPO at $0.20	Price Change from latest Investment entry: - $0.015 / 7.5%
Sprintex Limited (ASX:SIX)	Auto Parts & Equipment	IPO at $0.086	Price Change from latest Investment entry: - $0.013 / 15.12%
Jadar Resources Limited (ASX:JDR)	Diversified Metals & Mining	Private Placement at $0.03	Price Change from latest Investment entry : - $0.007 / 23.33%
Krakatoa Resources Limited (ASX:KTA/KTAOC)	Gold Sector	Private Placement at $0.06	Price Change from latest Investment entry : - $0.008 / 13.33%
PYX Resources Limited (NSX:PYX)	Diversified Metals & Mining	IPO at $0.40	Price Change from latest Investment entry: + $0.76 / 190%
Cokal Limited (ASX:CKA)	Steel Sector	Funding at $0.04	Price Change from latest Investment entry: + $0.036 / 90%
Cyclone Metals Limited (ASX:CLE)	Steel Sector	Placement: at $0.0017	Price Change from latest Investment entry: + $0.0073 / 429.41%
Food Revolution Limited (ASX:FOD)	Packaged Foods & Meat	Placement at $0.035	Price Change from latest Investment entry : - $0.0007 / 20%
Synertec Corporation Limited (ASX:SOP)	Technology Sector	Placement at $0.023	Price Change from latest Investment entry: + $0.077 / 334.78%
Douugh Limited (ASX:DOU)	Wireless Telecommunications Services	Placement at $0.020	Price Change from latest Investment entry: + $0.074 / 370%

This information has proudly been provided by Indian Ocean Securities -www.indianoceansecurities.com. Indian Ocean Securities is a Boutique Australian Financial Services licensee firm (AFSL: 336409), providing tailored strategic advice and corporate finance solutions to a select, high net-worth/ wholesale, Institutional and corporate clients, throughout the Asian and Australian Financial markets.

Disclaimer:

The information provided was based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither Advanced Share registry (ABN 14 127 175 946) nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The report has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial situation and needs and, if necessary, seek appropriate professional advice. This report does not purport to be a complete statement or summary.