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

Wall Street recovers while iron ore is sinking again

Australia signed a historic defense agreement with the United States and Britain this morning called AUKUS, which will help Australia build nuclear submarines.

In the markets, all three US stock market benchmark indices rebounded overnight as oil prices rose 3%.

The Dow Jones rose 0.68%, the S&P500 rose 0.85%, and the tech-heavy Nasdaq rose 0.82%.

Oil prices rose as data showed a more than expected decline in US crude oil inventories, raising expectations of a pickup in oil demand.

As a result, US-listed oil stocks like Diamondback and EOG rose 8%.

Roger Federer-backed shoe brand On Holding (ticker ONON) made its NYSE debut, rising 47%.

Meanwhile, the spot iron ore price fell again overnight, this time by 5.8% after falling 1.8% yesterday. The ferrous metal is now trading at US $ 113.40, more than half below its record level of US $ 233 / t in May.

(Fixed for typos in US stocks)

Eurozone equities -1.1%
US equities + 0.8% as growth fears eased
US 10 years + 2bp to 1.3%
Oil + 2.8% to $ 72.7
Gold -0.5% on $ 1794.6
Iron ore -5.8% to $ 113.4
ASX futures + 0.4% $ A 0.7335 with $ US index -0.2%

– Shane Oliver (@ShaneOliverAMP) September 15, 2021

To cryptos, where Bitcoin is trading at $ 47,100 this morning at 8:00 a.m. AEST, down from $ 46,800 on Wednesday.

Ethereum (ETH) – something else that Cathie Wood is optimistic about alongside Bitcoin – follows the Bitcoin chart pattern exactly as usual and has also risen by around 3% and changed hands for $ 3,497.

ASX 200 opens lower on Thursday

The ASX 200 is likely to open lower this morning, with futures markets (September contracts) pointing down 0.87% at 8:30 AM AEST.

Yesterday the Australian benchmark fell 0.27% to close at 7,417 points, while the energy sector lost 2.2%.

Eisenerz plays on the IPO front Pearl gull iron (ASX: PLG) slated for listing today after raising $ 4 million from investors at 20c.

August job data comes out at 11:30 am AEST, with the economy likely to take a hit from the delta, bringing the unemployment rate back up to 5%.

5 ASX Small Caps You Should See Today

Points bet (ASX: PBH)
The sports betting company has reached an agreement with Austin FC, a major league soccer club based in Texas. Austin FC has named Pointsbet as its exclusive sports betting partner. Under the terms of the agreement, PointsBet will be permanently recognized on-site at Austin FC’s new Q2 stadium and will have full use of Austin FC’s intellectual property, trademarks and logos.

DigitalX Ltd (ASX: DCC)
The company will acquire 100% of Sell My Shares, a leader in online stock execution services. DigitalX pays an upfront payment of $ 1.64 million plus a deferred consideration of $ 250,000 subject to certain performance milestones. DCC says Sell My Shares will be integrated with its drawbridge product and accelerate its commercial development.

Twenty Seven Co (ASX: TSC)
A recent review of sample data has revealed new lithium and tin targets at TSC’s 100% owned Trident Project in NSW. Historical geochemical sampling results indicated encouraging rock chip samples including: Triumph Mine: 7.63% Li2O and Lady Don Mine: 4.45% Li2O.

Black Cat Syndicate (ASX: BC8)
Infill and extension diamond drilling at BC8’s Kal East Gold Project showed encouraging results including: 1.57 meters grading 8.93 g / t Au over 287.15 meters and 4.31 meters grading 5.51 g / t Au over 354.03 m.

Potassium lakes (ASX: KLL)
The company’s Beyondie Sulphate of Potash project has now reached the final phase of commissioning with the completion of the plant construction. Kalium says the start of production ramp-up for October continues to go according to plan.


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