ADVANCED SHARE REGISTRY In the US, retail sales jumped 0.7 per cent versus an estimate of a fall of 0.8 per cent as per the Labor Department. This follows a 1.1 per cent drop in July. Online purchases helped drive sales higher which offset auto vehicle sales, as the ongoing chip shortage forced them to make production cuts, as we have seen not only in America but in Japan also. Meanwhile, jobless claims notched higher to 332,000 from 312,000 the week before, slightly higher than expectations of 330,000. The economists were expecting a rise in the number of Americans filing for jobless claims after weeks of pandemic lows. Layoffs due to Hurricane Ida contributed to the marginal increase.
However, this number won't be a large disrupter to the overall trend in the labour market as the rise was on the back of the hurricane, with 60 per cent of the weekly jobless claims attributed from the natural disaster. Economists expect a bounce back once activity resumes. Despite this, data has signalled that the U.S. economy is headed in the right direction. Next week, the Fed Reserve could reinforce the tune that they will taper, however, if we see further data that shows an acceleration in the economy, we might see an earlier taper come in.
Across the Atlantic, European markets closed firmer, supported by leisure and travel stocks. Paris added 0.6 per cent, Frankfurt and London's FTSE both rose marginally by 0.2 per cent, with the FTSE's performance defying the decline from their heavyweight miners. Rio Tinto tumbled 4 per cent and BHP tanked 3.4 per cent as China reaffirmed plans to release copper, aluminium and zinc from its state reserves. Oil players BP fell 1.1 per cent while Shell closed 0.8 per cent lower.
Yesterday, the Australian sharemarket closed 0.6 per cent higher at 7,460 after a handful of blue-chip players unveiled strategies and sweetened deals. The local bourse rose as high as 0.9 per cent before digesting the August jobs report which showed a fall in hours largely due to the lockdowns. The minor fade was pressured lower as iron ore prices weighed; however, energy stocks came to offset the trend as oil prices surged over 3 per cent. Across the sectors, the gains were broadly across the board with consumer discretionary as the outlier by hugging the flatline. Energy powered up by 1.3 per cent as the best performer followed by financials and healthcare, up 0.9 per cent and industrials added 0.8 per cent. Materials and technology marginally rose by 0.2 per cent each.
| Dow Jones | 34,751.32 | -63.07 | -0.18% |
|---|---|---|---|
| US S&P500 | 4,473.75 | -6.95 | -0.16% |
| US Nasdaq | 15,181.92 | +20.39 | +0.13% |
| UK FTSE 100 | 7,027.48 | +10.99 | +0.16% |
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% |
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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.
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Advanced Share Registry Limited published this content on 17 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 September 2021 07:11:08 UTC.
