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It could be good for a week to pass without President of the United States Donald Trump has scrambled the markets, but he again pushed the Australian Stock Exchange in both directions
. His extraordinary outcry about the US Federal Reserve's interest rate hike is a new break with the convention that politicians do not make a pronouncement. In addition to the uncertainties over trade frictions, the controversy over Trump's meeting with Russian leader Vladimir Putin and a Chinese yuan plummeting, and you have a lot of volatility to handle.
Real estate developers hate interest rate hikes
With the real estate context of President Trump, it's not surprising that he opposes the rest rate increases – You will never find a real estate developer arguing for higher rates, whatever happens – but his complaint that he was not happy with the rise in US interest rates has certainly curbed the fall of the Australian dollar.
The Jumbuck was reversed and was falling rapidly and looked set to multiply by several years below US73c as the Chinese Yuan plummeted, but was resurrected by President Trump's statements .
It was a completely different story on the Australian stock market that once again managed to release a weekly gain of 23 points on the ASX 200, or 0.3%, at 6285 on Friday.
Afterpay Touch has an incredible week
The absolute hero of the Australian market has been Afterpay Touch (ASX: APT), which had an excellent performance throughout the week, especially after posting impressive sales growth on Thursday. .
The payment services company jumped more than 30% Ek closes at $ 14.36 after a bullish update on profits and sales Thursday
In simple terms, Afterpay is like a modern version of the old system of putting on sale with customers able to buy and bring back products
It's a dream for retailers as it removes the immediate pain of paying for purchases and, Unsurprisingly, Afterpay has grown rapidly in Australia and also has a nice beachhead in the US market.
The upward trend of Technology One (ASX: TNE), another high-tech sector, surged more than 15% over the week to $ 5.05 after reaffirming its growth objective of net profit for the year. Even over-rated banks experienced a late spurt Friday, with CBA shares up 0.7% to $ 75.90, Westpac up $ 29.90, NAB up 0.6% to 28 , $ 30 and ANZ up 0.5% to $ 29.36 [19659] 003] The week has been tough for miners, but commodity prices have fallen because of the fractured trade relations between states United States and China
Copper was particularly affected
Evolution Mining Gold Mining (ASX: EVN) was badly hit after forecasting lower production and higher costs this year, closing 9.7 percent to end the week at $ 2.99.
] The exporter of lithium Galaxy Resources (ASX: GXY) fell 6.7 percent for the week to $ 3.06 after stating that prices for lithium carbonate sold in China had dropped by 18 percent in the second quarter of 2018.
share
This week, the small cap index rose 0.50% to 2,858.3, outpacing the marginal gains of the year. ASX 200 and all the Ords, which increased by 0.28% and 0.40% respectively
. the green was Carnarvon Petroleum on its oil discovery The news, which saw the company's stock price rise by 88%, will end Friday at 0.33 Australian dollar as one of the biggest winners of the week
Other small caps with notable news during the week:
Poseidon Nickel (ASX: POS)
Poseidon Nickel was reinstated to official listing and started after a favorable ruling from the Federal Court on Thursday.
The company released a feasibility study evaluating the restart of its Silver Swan nickel and Black Swan nickel operations in Washington. 19659003] Investment expenditures are estimated at A $ 56.7 million for the start-up of assets, with revenue forecasts of A $ 288.6 million.
Poseidon is currently negotiating financing options with several parties and has mandated Petra Capital to direct a potential capital raising
The company hopes to start producing in order to gain exposure to the rising price of nickel in 12 months after the capital funding.
Lithium Australia (ASX: LIT)
Lithium Australia produc These are his first commercial lithium-ion cathode samples for the battery market at his VSPC pilot plant this week.
Unlike many current cathode formulations including nickel, manganese and cobalt, Lithium Australia has produced its own lithium-ion-phosphate samples. According to Lithium Australia's managing director, Adrian Griffin, the company's lithium-iron-phosphate material could attract a lower production cost than current processes.
He explains that VSPC technology consumes less energy.
Lithium Australia is developing a vertically integrated company that leverages its various technologies to produce commercial scale lithium chemicals with competitive operating costs in the "bottom quartile".
Envirosuite (ASX: EVS)
Big news week for Envirosuite, which reached its largest subscription contract after the agreement of Agrosuper, a big Chilean farmer The platform software form as a service for an initial period of six months
The Envirosuite platform allows Agrosuper to monitor environmental conditions and mitigate any potential impact on its operations. 39; breeding.
Agrosuper is one of the largest agricultural groups in the world. the largest producer of pork. The deal follows the announced victory of Envirosuite with Sopraval last month
. 19659003] Investors bought the news, the share price of Envirosuite ending Friday at $ 0.10 A, up nearly 73% the day and 92.31% the week
Keytone Dairy Corporation (ASX: KTD)
The company began producing powdered milk in 2013 and now manufactures whole and skim milk powder products under its own brand and others.
] The New Zealand company Keytone exports to world markets, including China.
The ASX listing strategy was aimed at accelerating the growth of Keytone, with the purchase of a new plant that is expected to produce dairy products. manufacturing capacity from 1500t to 5000t to meet customer demand, especially in China and other Asian countries.
ClearVue Technologies (ASX: CPV)
A newcomer at ClearVue Technologies has obtained certification for its solar window technology. The Australian Standard AS 2047 accreditation now allows ClearVue to integrate its patented solar technology with smart building materials into glass and building surfaces in order to generate renewable energy.
ClearVue jointly developed technology with experts from Edith Cowan University in Western Australia
The company also began certification processes for its technology in European and US markets, which once granted, will allow it to sell its products in these markets. ASX: RLE)
Real Energy reported encouraging results from reservoir modeling at its Windorah gas project in Queensland.
The c The company stated that future Tamarama-3 well flow tests "will prove the commercialization of the gas field".
The reservoir data and modeling indicate that initial well production may exceed 3 million cubic feet of gas per day. ] "There is a lot of play when the Tamarama-3 flows are predicted under reservoir modeling." Scott Brown, Real Energy General Manager, said:
Next, the company is planning fracture stimulation Tamrama-2 and Tamarama-3 wells, with pilot production expected in 2019. [19659025] Select Harvests (ASX: SHV)
Select Harvests entered the Chinese market after signing a trademark and license agreement with PepsiCo Foods.
As a result of this agreement, PepsiCo will market Lucky […]
Select and PepsiCo will support the advertising and marketing of products Lucky in China during the first 18 months of the agreement.
PepsiCo claims its products are sold to consumers "a billion times a day in more than 200 countries and territories" worldwide.
Carnarvon Petroleum (ASX: CVN) [19659023] In collaboration with Quadrant Energy, Carnarvon Petroleum has confirmed an oil disco. It was found in a tank containing a crude 96.1 m hydrocarbon pack and a net thickness of 79.6 m in porous and permeable sands
Carnarvon, general manager. Adrian Cook said the discovery was "transformational" for the company
"This is an important finding given the quantum of net thickness, oil quality and then the excellent characteristics of the tank" adds Cook. ] Osprey Medical (ASX: OSP)
Osprey Medical revealed a decrease in contrast-induced acute kidney damage in hospitals that used its DyeVert Plus system.
DyeVert Plus has been used in patients with renal impairment. Houston Methodist Sugar Land Hospital in Texas recorded a 22% drop in acute kidney injury contracted, and St Mary's Hospital in West Virginia posting a 25% decrease in affliction.
According to Osprey, the DyeVert System Plus reduces the amount of contrast required while maintaining the quality of the image. The company also claims that its system is easy to use and self-adjusting.
Contrast-enhanced acute kidney injury can become a "heavy" cost for hospitals, with hospitalized patients requiring an average of four additional days. Telecom provider Swift Networks has announced that it has added new customers to its books this week.
The company will provide its suite of entertainment and connectivity services to 1,336 additional rooms throughout the Australian mine.
Customers who subscribe to services, including Ausco, NT Link, Anglo Gold, Iluka and Tronox
Swift's services are now available at more than 335 sites across the country and various industries, including mining , oil, gas, elderly care, retirement and hospitality.
Azumah Resources (ASX: AZM)
Azumah Resources has appointed two new members to its board of directors to broaden the company's experience and help accelerate its project Wa Goldstone in Ghana
According to Stephen Stone, the appointments will help the company get financing and make a final development decision, scheduled for next year.
Debra Bakker joined the board of directors and brings his banking and project financing capabilities, while Linton Putland's 30-year experience as a mining consultant and private capital advisor
Wa has a JORC resource of 2.1 million ounces of gold content, with a Kunche target drilling returning a thick intersection of 44m at 5.37 g / t gold. 99m in May
Next Week
In addition to keeping a close eye on the latest comments from US President Trump, there are some statistics on this week that are worth seeing
. There is some consumer and business inflation, and some import and export prices will complement the trade situation.
The job market figures are expected to remain firm
Offshore, a quieter week in China Friday data, while in the United States there will be market indicators of the housing and economic growth figures.
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