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Market highlights and 5 ASX small caps on Friday at a glance

Wall Street mixed on the eve of Triple Witching Day

US equity markets were mixed overnight, ahead of tomorrow’s triple witching day.

Triple Witching is the day on which three derivative contracts expire. In the US, this happens every third Friday in March, June, September, and December.

The Dow Jones fell 0.18%, the S & P500 0.16%, but the tech-heavy Nasdaq rose 0.13%.

Unemployment claims in the US rose 20,000 last week to 332,000, which was slightly worse than economists expected.

Mining stocks fell across the board as commodity prices eased a little.

Spot iron ore fell by a further 6% and is now trading at just US $ 106.50 after its record value of US $ 233 / t in May.

Other metals such as copper and nickel also fell 3%.

Eurozone equities + 0.6%
US stocks -0.2%, Nasdaq + 0.1%
US 10 years +4 bp to 1.34%
Oil -0.1% to $ 72.6
Gold -2.3% to $ 1,753.4
Iron Ore -6.1% to $ 106.5, now -52% from its May high
ASX futures -0.2% $ A 0.7295 with $ US index + 0.4%

– Shane Oliver (@ShaneOliverAMP) September 16, 2021

To cryptos, where Bitcoin is trading at $ 47,650 this morning at 8:00 a.m. AEST, and $ 47,100 as of Thursday.

Hedge fund manager Ray Dalio told CNBC that regulators would eventually “try to kill Bitcoin” if it got too successful.

Meawnhile, Australian baby boomers investing in cryptos, are on the rise in Australia, according to a report from the BTC Market Exchange.

ASX 200 opens lower on Friday

The ASX 200 should open its morning lower with futures (September contracts) pointing 0.26% down at 8:30 AM AEST.

Yesterday the Australian benchmark rose 0.58% to close at 7,460 points.

The ASX’s uranium stocks rose further yesterday as the yellowcake frenzy intensified and spot uranium prices marched towards ~ $ 50 a pound.

In capital letters messages this morning, Air New Zealand (ASX: AIZ) says travel restrictions cost between NZ $ 45 million and NZ $ 55 million per month. As a result, the airlines announced that they had drawn an additional NZD 435 million for their sovereign debt facility.

That grim picture could be similar Down Under as Australia’s quarterly tourism work statistics are released today.

On the IPO front, three stocks will debut on the ASX today.

To be listed at 12 p.m. AEST is NSW Explorer Koonenberry Gold (ASX: KNB).

They are followed by SSH group (ASX: SSH), which provides security and employment services to the construction, mining, civil and government sectors in Western Australia.

And finally, Way2VAT (ASX: W2V) will be listed at 1 p.m. AEST.

5 ASX Small Caps You Should See Today

Lithium Australia (ASX: LIT)
The company says the popularity of cobalt-free batteries continues to grow as the lithium market hits a new high. The LIT subsidiary VSPC is now pushing ahead with its plans to position itself strategically in the market for cobalt- and nickel-free lithium-ion batteries.

Heavy Minerals (ASX: HVY)
The Company has selected a drilling company and will commence a 12,000 meter, 300 hole air core drilling operation on September 21 on its wholly owned Port Gregory Garnet project near Geraldton, WA. The drill program will last approximately three months and include 12,000 meters or ~ 300 air core drilling.

Manhattan Corp (ASX: MHC)
The exploration company plans to resume RC drilling on its 100% owned high grade Tibooburra gold project in early October. MHC expects the drilling to span multiple campaigns by mid-2022 targeting high-grade prospecting areas.

Syrah Resources (ASX: SYR)
The company announced that due to schedule changes by a shipping service provider, around 12 kt of natural graphite sales from its Balama Graphite project in Mozambique, which are scheduled to be shipped for late September 2021, have been postponed to October 2021.

Mincor Resources (ASX: MCR)
Two significant new high grade massive sulphide nickel intercepts have been identified, extending the recently discovered mineralization in the emerging Hartley area of ​​South Africa. The test results include: 1.4 m at 3.0% Ni and 4.5 m at 3.3% Ni.


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