#ATLAS PIZZA SERIES#

Going upД«HP climbed 3.17 per cent to its highest since August as iron ore prices continued to recover with easing Covid restrictions in China. NAB forecast 50 basis point increases at the next two meetings, taking the cash rate to 1.85 per cent by August. He predicts rates will peak in February at 2.35 per cent. вЂњFor that reason, we expect that the next move in July will also be a 50 basis point increase.вЂќД®vans expects the bank to revert to 25 basis point increases thereon. вЂњThe Bank now recognises that it has a significant challenge to contain inflation and decision points to it now being prepared to act decisively,вЂќ chief economist Bill Evans said. Westpac predicts the central bank will raise the cash rate target by another 50 basis points next month as central banks around the world scramble to suppress runaway inflation. CBA shed 3.35 per cent, NAB 3.02 per cent and ANZ 2.15 per cent.

#ATLAS PIZZA SERIES#

The financial sector was the only one to decline amid concerns an aggressive series of rate increases will trigger a wave of defaults among borrowers. вЂњIFM has indicated that it intends to request from Atlas Arteria access to certain limited company information to assess whether it can submit a non-binding indicative proposal to Atlas Arteria to acquire all of the Atlas Arteria securities it does not already own,вЂќ the toll road operator said.ДЄtlas said no request had been received yet and there was no guarantee an acquisition proposal would follow. Atlas Arteria jumped 16.06 per cent to $8.24 after IFM Global Infrastructure Fund acquired a 15 per cent interest in the firm at $8.10. Value investors were encouraged by an overnight raid on the nationвЂ™s second-largest toll road operator.

The Brent crude rose to the US$120 per barrel mark and could stay higher for the remaining of the year amidst current market dynamics,вЂќ Sawhney said. вЂњWhile a drop in Treasury yields benefitted tech stocks, energy producers got a boost from higher crude oil prices. The S&P 500 climbed 0.95 per cent overnight as a retreat in long-term borrowing costs encouraged traders to buy an early dip. On the flip side, banking stocks continued to remain under pressure, limiting gains in the benchmark index,вЂќ Kunal Sawhney, CEO of research group Kalkine, said. вЂњIron ore miners were seen to be driving gains in the market this morning amidst rising iron ore prices, which is pointing towards a favourable earnings outlook for such companies. WhatвЂ™s driving the marketДЄ broad rally saw the industrial, utilities, technology, materials and energy sectors all rise more than 2 per cent following a positive session on Wall Street. The banks retreated amid concerns about a surge in bad debts as rates rise. Toll road operator Atlas Arteria surged after investment firm IFM secured a 15 per cent stake overnight with a view to a takeover. The rally reversed almost half of yesterdayвЂ™s loss, which came after the Reserve Bank hiked the cash rate target by 50 basis points. The S&P/ASX 200 bounced 50 points or 0.71 per cent by mid-session. Takeover interest and positive overseas leads helped settle share market jitters after yesterdayвЂ™s bumper interest rate rise. TMKВ TMK Energy (ASX:TMK) begins drilling Snow Leopard-3 well, Mongolia.DCXВ Carnaby Resources (ASX:CNB) continues to see high-grade results across Greater Duchess.NRZВ NeuRizer (ASX:NRZ) signs infrastructure deal with SA Government.CKAВ Cokal (ASX:CKA) makes progress on Jetty for Bumi Barito Mineral.DREВ Dreadnought Resources (ASX:DRE) to consolidate landholding in the Gascoyne.GGEВ Grand Gulf Energy (ASX:GGE) re-enters Jesse 1A well ahead of flow testing.TRJВ Trajan (ASX:TRJ) to acquire CRS for US$43.3m.STXВ Strike Energy (ASX:STX) further progresses West Erregulla.CAZВ Cazaly Resources (ASX:CAZ) kicks off next round of drilling at Halls Creek.KZAВ US FDA awards Kazia Therapeutics (ASX:KZA) Orphan Drug Designation for brain cancer treatment.QFEВ QuickFee (ASX:QFE) raises $358k in SPP.MNYВ Moneењ“ Corporation (ASX:MNY) increases funding capacity.DYLВ Deep Yellow (ASX:DYL) extends exclusivity agreement for Shiyela with HyIron.

SUHВ Southern Hemisphere Mining (ASX:SUH) receives all results from historical sampling at Llahuin.

TCGВ Turaco Gold (ASX:TCG) extends and defines new gold zones at Boundiali.

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