ADVANCED SHARE REGISTRY US stocks rose Tuesday, boosted by declines in Treasury yields as Wall Street assessed the geopolitical risks from the Israel-Hamas war. The benchmark 10-year Treasury yield fell nearly 13 basis points to about 4.65 per cent, as investors sought safe assets amid the conflict. Yields and prices move in opposite directions. The move reflected the first reaction to the Israel-Hamas conflict in the US bond market, which was closed Monday for Columbus Day.
Oil prices also eased after rallying in the previous session, providing relief to investors. Falling bond yields lifted stocks, as Wall Street remained concerned over the recent quick rise in interest rates. Investors also began looking past the geopolitical risks caused by the Israel-Hamas war, helped by Friday's stronger-than-expected September payrolls report and some optimism ahead of a slate of third-quarter earnings this week.
PepsiCo shares rose 1.9 per cent after the beverage and snack maker reported better-than-expected third-quarter results and raised its earnings outlook. Some energy and industrial names continued their stretch into the green on Tuesday, with Enphase Energy rising 5 per cent and Generac Holdings gaining 3.8 per cent. Another bright spot during the day's trading session was small caps, with the Russell 2000 index of small-capitalisation companies and the S&P Small Cap 600 index gaining just over 1 per cent each. The Russell - up nearly 1 per cent so far this year - rose for a fifth consecutive day, a feat last accomplished in July.
European markets closed higher. London's FTSE gained 1.82 per cent, Frankfurt advanced 1.95 per cent, and Paris closed 2.01 per cent higher. Turning to Asian markets, Tokyo's Nikkei gained 2.43 per cent, Hong Kong's Hang Seng added 0.84 per cent while China's Shanghai Composite closed 0.7 per cent lower.
Gold added 0.54 per cent. Silver was up 0.37 per cent. Copper lost 0.45 per cent. Oil fell 0.67 per cent.
| Dow Jones | 33,739.30 | +134.65 | +0.4% |
|---|---|---|---|
| US S&P 500 | 4,358.24 | +22.58 | +0.52% |
| US Nasdaq | 13,562.84 | +78.60 | +0.58% |
| UK FTSE 100 | 7,628.21 | +136.00 | +1.82% |
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 11 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 October 2023 04:12:21 UTC.
