The POEMS team is pleased to announce that every Friday, we will be releasing a short article consisting of 5 points on global events that have occurred that week.
Global Urea Shortage – The word is currently facing a Urea shortage. This has the potential to cause major disruptions to the Australia supply chain as Urea is key ingredient in AdBlue – a compulsory emission reducing fluid used in all Diesel engines. Australia’s reserves along with available imports are tipped to run dry in February.
WA Border to open – The Western Australia Government has announce that its borders will reopen to the rest of Australia in February. However, Omicron fears may post pone this decision. The boarder opening will reunite all of Australia for the first time since its closure in 2020. The travel industry are likely to see a great benefit from this. Qantas for example produces 80% of its income from domestic travel.
Apple $3 Trillion Value – Apple shares are currently trading at $173, just shy of the $182.86 required for them to reach a $3 Trillion market value. This accounts for roughly 13% of the USA’s total GDP. Apple have had a fantastic run over the past decade, but how much further can they go as they begin to expand into the Metaverse?
Afterpay 12 month low – After pay shares hit a 12 month low on Tuesday after seeing their share price rise from as low as $9 to $155 since the beginning of the pandemic. This is off the back of earnings report of -$156 million in FY 20/21. A loss almost 8 times greater than the previous FY. Afterpay are yet to record a net profit.
Musk voted Times person of the year – Elon Musk has been named “Person of the Year” by time magazine off the bag of his massive success and influence in the tech industry. 2021 has seen Tesla become the most valuable car company in the world, and his rocket company take a crew of civilians to the edge of space. Elon is someone to keep an eye on in 2022 as he further pushes the limits of technology and innovation.
Keep an eye out for our 5 Point Friday article every week to stay up to date with current global news and events that could affect share markets.
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