Friday: 27th January 2017
Each Market In Focus
- The Australian market looks to slightly lower with SPI futures down 2 points or 0.04% at 5649.
- Australia’s stock market was closed due to a public holiday.
AUS Perseus Mining Ltd. (PRU.AU) December Quarterly Report conference call
AUS Perseus Mining Ltd. (PRU.AU) December Quarterly Report
NZ Oct Accommodation Survey, rescheduled from 12 Dec due to November’s earthquake
AUS Q4 International Trade Price: Import
AUS Q4 PPI
AUS Q4 International Trade Price: Export
60 Day Low. This is a list of codes that made a new 60 day LOW in the past 2 days. We use the 60 day low as this would infer that a breakdown in price has occurred after a period of consolidation OR the stock is declining each day if the code shows repeatedly. The filter uses an above 50 cent price filter, and the codes in Blue are on our watch list. ( source Metastock)
- US stocks are little changed in the wake of a two-day rally that pushed the Dow Jones Industrial Average above the 20,000 mark, as investors grappled with the latest round of earnings.
- Qualcomm weighed on both the S&P 500 and Nasdaq as the chipmaker fell 5.7 per cent to $US53.82 after posting a lower-than-expected rise in quarterly revenue.
- The post-election rally reignited this week following a solid start to earnings season and optimism over US President Donald Trump’s pro-growth initiatives, giving the benchmark S&P 500 its best two-day performance in seven weeks and catapulting the Dow above the historic level.
- Trump’s business-friendly decisions since taking office on Friday include signing executive orders to reduce regulatory burden on domestic manufacturers and clearing the way for the construction of two oil pipelines.
- Early fourth-quarter earnings have also boosted sentiment and are now expected to show growth of seven per cent, their biggest increase in two years, according to Thomson Reuters data.
- Of the 146 companies that have reported earnings through Thursday morning, 69.2 per cent have topped expectations, compared with the 63.6 per cent average since 1994.
- The Dow Jones Industrial Average was up 0.14 per cent at 20,099.53,
- The S&P 500 was down 0.04 per cent at 2,297.4
- The Nasdaq Composite had added 0.01 per cent to 5,656.79.
- Gold prices fell for a third session as concerns about political and economic stability took a back seat to the jubilant mood in financial markets. Gold for February delivery closed down 0.7% at $1,189.80 a troy ounce on the Comex division of the New York Mercantile Exchange.
- Gold prices fell for a third session as concerns about political and economic stability took a back seat to the jubilant mood in financial markets.
- Gold for February delivery closed down 0.7% at $1,189.80 a troy ounce on the Comex division of the New York Mercantile Exchange.
- IRON ORE: $80.22 +0.09 ( January contract )
- Oil futures rose, as traders shrugged off another big jump in U.S. oil inventories and remained focused on promised production cuts.
- U.S. crude futures gained $1.03, or 1.95%, to settle at $53.78 a barrel on the New York Mercantile Exchange.
- Brent, the global benchmark, rose $1.16, or 2.11%, to $56.24 on London’s ICE Futures Exchange.
- The U.S. dollar was rebounding intraday as investors digested President Donald Trump’s policy actions in his first week.
- In his first week as president, Mr. Trump signed executive orders to build a wall on the Mexican border and clamp down on immigration.
- The Mexican peso rallied against the U.S. dollar after Mr. Trump signed the orders, as investors interpreted some of Mr. Trump’s comments as more conciliatory.
- The Australian dollar is lower against the US dollar which has rebounded from a seven-week low on traders’ optimism spurred by US president Donald Trump’s infrastructure spending plans.
- At 7.00 a.m. AEDT on Friday, the Australian dollar was worth 75.48 US cents, down from 75.74 on Thursday.
- European shares held around one-year highs, supported by mergers and acquisitions-related optimism, with Johnson & Johnson’s $US30 billion ($A39.7 billion) deal to buy Actelion lifting shares in the Swiss biotech firm.
- Actelion surged 19.4 per cent after the US healthcare giant’s move to make an all-cash purchase that includes spinning off Actelion’s research and development pipeline. The acquisition gives J&J access to the Swiss group’s line-up of high-price, high-margin medicines for rare diseases.
- The STOXX 600 added 0.2 per cent, building on strong gains seen in the previous session when the pan-European index ended at its highest level since end-December 2015.
- Germany’s DAX rose 0.4 per cent to 11,848.63, its highest since May 2015, while UK’S
- FTSE ended flat down just 0.04 per cent at 7,6161.49.
- Asian shares had a good day. Japan’s Nikkei 225 brushed aside a stronger yen to rise 1.9 per cent to 19,402.39,
- Hong Kong’s Hang Seng climbed 1.4 per cent to 23,374.17 and the Shanghai Composite Index edged up ahead of a week-long Lunar New Year holiday. It rose 0.3 per cent to close at 3,159.17.
- The S&P/NZX50 Index rose 22.41 points, or 0.3 per cent, to 7,114.32.
Important News Events For Today
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