ADVANCED SHARE REGISTRY The tech rally has taken more than a big breather today, a big tumble. It seems like we are repeating what happened at the start of the week - a huge dip, then we saw a big rally, snapping that for a steep fall today. These moves continue to be the tune for 2022 so far as volatility continues to play out. Yesterday, there was an increased appetite to buy into stocks after receiving the consumer price figures, but we've also had a choir of commentary from Fed officials, which saw traders be a bit more cautious around big tech names like Apple, and Microsoft in today's session
In December it decelerated by 0.4 per cent from the month before, but on an annual basis it soared 9.7 per cent last year, to the biggest jump for a calendar year since records had been kept, in 2010 as per the US Bureau of Labor Statistics. This could be a sign that inflation is cooling on the producer front, however, any change in the data for one month is nice, but if we look at the trend, it's been climbing, and we saw that yesterday and inflation is expected to peak. Why? There is still a lot of demand out there, and production hasn't ramped up to create the necessary supply. One sector that stands out is the semiconductor chips space, which are used in almost every electronic device, and even in EV vehicles.
At the closing bell, the Dow Jones lost 0.5 per cent to 36,114, the S&P 500 fell 1.4 per cent to 4,659 while the Nasdaq closed 2.5 per cent lower at 14,807. Across the S&P 500 sectors, technology tumbled 2.7 per cent as the worst performer among the eight sectors that closed lower today. Consumer discretionary, and health care were the second and third worst performers. On a brighter note, utilities was the best performer, followed by consumer staples, and industrials as the only three sectors that closed higher. The yield on the 10-year treasury note dipped 3 basis points to 1.70 per cent, gold fell on a firmer greenback.
Yesterday, the Australian sharemarket closed 0.7 per cent higher at 7,439 snapping a two-day losing streak posting its first gain for the week. The local bourse rose was helped by resources, thanks to the support in commodity prices.
The Australian Bureau of Statistics is set to release lending figures for November. A touch point on finance commitments across housing, personal, and business loans.
| Dow Jones | 36,113.62 | -176.70 | -0.49% |
|---|---|---|---|
| US S&P500 | 4,659.03 | -67.32 | -1.42% |
| US Nasdaq | 14,806.81 | -381.58 | -2.51% |
| UK FTSE 100 | 7,563.85 | +12.13 | +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 14 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 January 2022 08:11:05 UTC.
