ADVANCED SHARE REGISTRY Wall St rises. Federal Reserve Chair Jerome Powell's remarks at the Jackson Hole symposium encouraged a rally on Wall St. European equities followed while Asian markets were mixed as China continues to tighten their regulatory grip on tech titans.
The Australian sharemarket is poised to rise with the SPI futures pointing to a bump of 0.2 per cent.
Fed Chair is not in a hurry to raise interest rates. Inflation rise is the fastest pace in 3 decades. Wall St gains while treasury yields dip. Chinese listed stocks on Wall St falls on crackdown. European markets gains as commodity prices rises. Asian markets watch China tighten their tech grip.
On Friday, the Australian sharemarket closed flat at 7,488. Losses in Consumer Discretionary and Technology could not offset gains in Industrials and Utilities, with the Energy sector added the least by 0.1 per cent. Corporate earnings were on the lighter side on Friday.
Local and international economic outlook: Locally, the spotlight will be on the second-quarter GDP numbers and July trade balances. We will also see private sector credit, building approvals, house prices and lending figures. Overseas, the U.S. job report is slated as well as worldwide manufacturing and services PMI surveys. Today, the Australian Bureau of Statistics is set to release the business indicators report for the June quarter.
| Dow Jones | 35,455.80 | +242.68 | +0.69% |
|---|---|---|---|
| US S&P500 | 4,509.37 | +39.37 | +0.88% |
| US Nasdaq | 15,129.50 | +183.69 | +1.23% |
| UK FTSE 100 | 7,148.01 | +23.03 | +0.32% |
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 30 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 August 2021 08:21:09 UTC.
