Friday: 17th February 2017
Each Market In Focus
- The Australian share market is set to open higher, following the leads from equity markets in the US and Europe, which continued to make gains on Friday
in the post-Trump-election rally.
- At 8.00 a.m. AEDT on Monday, the local share price index was up 23 points, or 0.41 per cent, at 5,582.
- On Wall Street, the Dow Jones Industrial Average rose 0.72 per cent, while the S&P500 gained 0.59 per cent and Nasdaq ended 0.5 per cent higher.
- Earlier, Europe’s STOXX 600 finished up almost 1 per cent higher.
- In local economic news, the Australian Bureau of Statistics will release lending finance figures for October.
- On Friday, the benchmark S&P/ASX 200 index gained 17 points, or 0.31 per cent, to 5,560.6 points.
- The broader All Ordinaries index rose 16.8 points, or 0.30 per cent, to 5,615.8 points.
- AUS Mantra Group Limited (MTR.AU) Interim 2017 Earnings conference call
- AUS Medibank Private Ltd (MPL.AU) Interim 2017 Earnings conference call/ Webcast
- NZ Auckland International Interim 2017 Earnings conference call /Webcast
- AUS Abacus Property Group (ABP.AU) Interim 2017 Webcast
- AUS DUET Group (DUE.AU) Interim 2017 Webcast
- AUS ASX Ltd (ASX.AU) Interim 2017 Earnings conference call / Webcast
- AUS ASX Ltd (ASX.AU) Interim 2017 Results presentation / Webcast
- AUS Primary Health Care Ltd Interim 2017 Results presentation / Webcast
- AUS Fleetwood Corp Ltd (FWD.AU) Interim 2017 Earnings conference call
- AUS Link Administration Holdings Interim 2017 Webcast
- AUS Village Roadshow Limited Interim 2017 Earnings conference call
- AUS Eclipx Group Ltd (ECX.AU) Full year 2016 AGM / Webcast
- AUS Primary Health Care Ltd Interim 2017 Results
- AUS Medibank Private Ltd (MPL.AU) Interim 2017 Results
- AUS Mantra Group Limited (MTR.AU) Interim 2017 Results
- AUS Santos Ltd (STO.AU) Full year 2016 Results
- AUS Whitehaven Coal (WHC.AU) Interim 2017 Results
- AUS Virgin Australia Holdings Interim 2017 Results
- AUS Village Roadshow Limited Interim 2017 Results
- AUS Link Administration Holdings Interim 2017 Results
- AUS ASX Ltd (ASX.AU) Interim 2017 Results
- AUS Ansell Ltd (ANN.AU) Interim 2017 Ex-dividend date
- AUS Abacus Property Group (ABP.AU) Interim 2017 Results
- NZ Auckland International Interim 2017 Results
- AUS Fleetwood Corp Ltd (FWD.AU) Interim 2017 Results
- AUS DUET Group (DUE.AU) Interim 2017 Results
- AUS Australia & New Zealand Trading statement
- NZ Jan BNZ – BusinessNZ Performance of Manufacturing Index
- NZ Q4 Retail Trade Survey
- NZ Australia-New Zealand Leaders annual meeting
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)
- Wall Street has dipped, weighed down by energy stocks as oil prices drop and banks fall broadly for the first time in six days.
- Wells Fargo, Bank of America, JPMorgan and Citigroup weighed more than any other stocks on the S&P 500, which has hit a string of record high in recent sessions on signs of an improving economy and promises by President Donald Trump to cut corporate taxes and regulations.
- The so-called “Trump rally” has seen the S&P 500 rise about 5 per cent so far in 2017, with the Dow Jones Industrial Average up 4 per cent.
- Now, with a strong fourth-quarter earnings season mostly complete, many investors say they need concrete signs of progress from Trump to justify more gains.
- In late trading, the Dow Jones Industrial Average was down 0.15 per cent at 20,581.76 points
- Nasdaq Composite had dropped 0.3 per cent to 5,801.82.
- The S&P 500 had lost 0.2 per cent to 2,343.99. The index ended higher for the seventh session in a row on Wednesday, its first such streak since September 2013.
- Copper prices slipped as talks over a worker’s strike at a major copper mine were extended.
- Copper for March delivery settled down 0.8% at $2.7185 a pound on the Comex division of the New York Mercantile Exchange, trading as low as $2.6935 a pound earlier in the session.
- Gold prices reached a three-month high as the dollar retreated from its recent peak and U.S. bond yields fell after a week of gains.
- Gold for April delivery settled up 0.7% to $1,241.60 a troy ounce on the Comex division of the New York Mercantile Exchange, its highest close since Nov. 10.
- IRON ORE: $86.23 +0.37 ( February contract )
- U.S. oil prices edged higher as growing U.S. inventories were offset by reports that the Organization of Petroleum Exporting Countries was prepared to consider extending supply cuts.
- Light, sweet crude for March delivery settled up 25 cents, or 0.5%, at $53.36 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, lost 10 cents, or 0.2%, to $55.65 a barrel on ICE Futures Europe.
- The U.S. dollar drifted lower intraday as political turbulence in the U.S. pushed investors to take profits on recent gains in the currency.
- The ICE Dollar Index, which gauges the U.S. currency against a basket of six others, was recently down 0.6% at 100.59 after advancing 1.4% from its lows of the month.
- The Australian dollar is lower, dropping back below the 77 US cent mark, despite the US dollar weakening against a basket of currencies.
- At 7.30 a.m. AEDT on Friday, the Australian dollar was worth 76.96 US cents, down from 77.17 US cents on Thursday.
- European equities fell after seven straight sessions of gains, with weaker metal prices weighing on miners and a poor update battering shares in engineering group Cobham.
- The pan-European STOXX 600 fell 0.4 per cent after recent gains to a two-month high on Wednesday.
- Cobham led the STOXX 600 lower, slumping 15.3 to its lowest level since August 2005 after the company missed a profit target that had already been repeatedly lowered and took a charge on a troubled contract with Boeing.
- Germany’s DAX and London’s FTSE 100 both lost 0.3 per cent, down to 11,757.24 and 7,277.92, respectively
- Asian markets were mainly higher with MSCI’s main Asia index up 0.2 per cent to its highest since July 2015 after Wall Street earlier pushed into record-high territory.
- Hong Kong’s Hang Seng closed at an 18-month high, adding 0.5 per cent, to 24,107.70 points, the highest since August 2015, while the Hong Kong China Enterprises Index gained 0.2 per cent, to 10,455.02 points.
- Chinese investors, including mutual funds and major insurers, have been steadily increasing their allocations, as regulators on the mainland tighten investments in wealth management products and other risky assets.
- China’s Shanghai Composite Index also gained 0.5 per cent, to 3,229.62.
- Some investors said markets were looking slightly overvalued from a technical perspective after the bounce in recent weeks. For example, on a relative strength index (RSI), the MSCI Asia-ex Japan index was at its most overbought since 2015.
- Tokyo’s Nikkei 225 fell 0.5 per cent to 19,347.53.
- The S&P/NZX50 Index fell 80.05 points, or 1.1 per cent, to 7,099.98.
Important News Events For Today
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