Tuesday: 30th May 2017
Each Market In Focus
- The Australian market looks set to open flat with little to lead it with US and British markets closed due to public holidays.
- At 7.00 a.m. AEST on Tuesday, the share price futures index was down four points, or 0.07 per cent, at 5,709.
- Wall Street was closed on Monday for Memorial Day while London”s bourse was closed for the Spring Bank Holiday.
- Locally, in economic news on Tuesday, the Australian Bureau of Statistics releases April’s building approvals figures.
- In equities news, Kingsford Smith operator Sydney Airport holds its annual general meeting in Sydney.
- The Australian market on Monday fell to its lowest point since March, as investor nervousness about regulatory activity weighs on financial stocks pusing the bourse to its lowest level since March.
- The benchmark S&P/ASX200 index fell 44.6 points, or 0.78 per cent, to 5,707.1 points.
- The broader All Ordinaries index lost 44.4 points, or 0.77 per cent, to 5,747.7 points.
- AUS Sydney Airport (MGPYF) Full year 2016 AGM
- NZ Mainfreight Ltd (MFT.NZ) Full year 2017 Results
- AUS Aristocrat Leisure Ltd Interim 2017 Ex-dividend date (seen 0.14) (ALL.AU)
- NZ Apr Building Consents Issued
- AUS Apr Building Approvals
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.( source Metastock)
Scans Powered by Metastock. Click here for more information
Wall Street was closed for the Memorial Day public holiday.
- IRON ORE: $58.15 -0.54 ( June contract )
- Gold: $1267.35 -0.18 (-0.01%)
- Oil prices eased on Monday, with investors disappointed at major producers’ decision to maintain their production cuts at the same level, rather than deepening them.
- Brent crude, the global oil benchmark, fell 0.3% to $52.02 a barrel on London’s ICE Futures exchange.
- On the New York Mercantile Exchange, West Texas Intermediate futures were trading down 0.3% at $49.65 a barrel. Holidays in China, the U.K. and the U.S., mean trading is set to be thin throughout Monday’s session.
- Crude futures slumped nearly 5% on Thursday after the production-cut deal led by the Organization of the Petroleum Exporting Countries was extended by nine months but not deepened–a let down for investors who anticipated output cuts would be more severe.
- The market recovered some losses to finish up nearly 2% Friday.
- The U.S. dollar fetched 1.3839 Singapore dollars near the end of the Asian trading day, compared with S$1.3838 around the same time on Friday.
- The U.S. currency held on to gains from the previous session after the country’s GDP growth was revised up for the first quarter. The USD/SGD pair had touched a new year-to-date low of 1.3810 on Friday.
- The British pound logged its biggest decline against the U.S. dollar in four months on Friday after an opinion poll showed a decline in support for the ruling Conservatives and a resurgence for the Labour Party.
- The Australian dollar is higher against its US counterpart which also had ranged sideways with little data to direct it and traders in the US and Britain away for public holidays.
- At 7.00 a.m. AEST on Tuesday, the Australian dollar was worth 74.40 US cents, up from 74.30 US cents on Monday.
- European shares inched lower in quiet trading on Monday with Italian stocks left behind as talk over a possible early election weighed, hitting banks.
- Activity was reduced as holidays in major markets such Britain and the United States kept investors away.
- The eurozone equity index slipped 0.16 per cent, while Italian blue chips fell 2 per cent to their lowest level in more than three weeks, while Germany’s DAX added 0.21 per cent to 12,628.95.
- Weekend reports that Italy’s main parties could converge on a proportional electoral law pointed to growing chances of an early election in the autumn, possibly leading to no clear majority.
- In an interview on Sunday, former Prime Minister Matteo Renzi said an accord on a proportional voting system was possible though it could result in a coalition government that may have trouble holding together.
- Asian stocks handed back earlier modest gains and drifted lower on Monday, running short of incentives to push past two-year highs with many key markets closed for holidays.
- MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.2 per cent.
- Taking cues after the S&P 500 and Nasdaq scraped to record closing highs, it had earlier risen towards a two-year peak marked on Thursday.
- Japan’s Nikkei was down 0.02 per cent at 19,682.57.
- The closure of Chinese, British and US markets on Monday deprived investors of potential catalysts and kept overall trading subdued.
- Hong Kong stocks edged up with mainland property shares aiding the rise on anticipation of strong home demand in smaller Chinese cities.
- The blue chip Hang Seng index rose 0.24 per cent to 25,701.63 points, the highest close since July 3, 2015.
- The Hong Kong China Enterprises Index gained 0.4 per cent to 10,619.34.
- The S&P/NZSX 50 index dropped 0.4 per cent to 7,412.74.
Important News Events For Today
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*Now you know everything.*