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02 July 2018 07:38 AM
Overseas Market ReportCurrent
Level
PreviousChangeDaily %
Change
Monthly %
Change
Dow Jones Industrial Average24,27124,21655.000.23-1.48
S&P 5002,7182,7162.000.08-0.59
NASDAQ7,5107,5047.000.09-0.58
FTSE 100 Index7,6377,61621.000.28-0.84
DAX 3012,30612,177129.001.06-3.29
CAC 40 Index5,3245,27648.000.91-2.60
Nikkei 225 (Japan)22,30522,27034.000.150.60
HKSE28,95528,497458.001.61-5.04
SSE Composite Index2,8472,78761.002.17-7.41
S&P/TSX Composite Index16,27816,18098.000.601.46
NZ 508,9658,94322.000.253.81
US Volatility (Vix)16
Overseas Market Report

US sharemarkets finished with modest gains on Friday. Shares in Nike rose by 11.1% after providing positive guidance for the year. After being up 293 points, the Dow Jones ended higher by 55 points or 0.2%. The S&P 500 index rose by 0.1% and the Nasdaq lifted 6.6points or 0.1%. For the quarter the Dow rose 0.7%, the S&P 500 rose 2.9% and the Nasdaq lifted 6.3%.

Global oil prices rose again on Friday in response to ongoing supply concerns. Brent crude rose by US$1.59 or 2.0% to US$79.44 a barrel, and the US Nymex rose by US70 cents or 1.0% to US$74.15 a barrel. Over the week Brent rose 5.1% and Nymex rose by 8.1%

Base metal prices were mixed on the London Metal Exchange (LME) on Friday. Aluminium, copper and zinc fell up to 1.1%. Other metals rose up to 0.8%. Over the week metals fell up to 3.2% with tin down the most with lead flat.

The gold futures price rose by US$3.50 an ounce or 0.3% to $1,254.50 an ounce. The spot gold price was trading near US$1,252 an ounce in late US trade. Over the week gold fell US$16.20 or 1.3%. Iron ore rose by 50 cents or 0.8% to US$64.45 a tonne. Over the week iron ore rose by US55 cents or 0.9%.

CommoditiesCurrent
Level
PreviousChangeDaily %
Change
Monthly %
Change
Oil Brent78.5579.23-0.68-0.862.29
Oil - West Texas crude73.5974.15-0.56-0.7611.82
Gold Spot $/OZ1,254.001,253.000.600.05-3.09
Silver Spot $/OZ16.1016.100.000.03-1.76
Iron Ore60.4059.800.701.10-1.34
Thermal Coal Newcastle113.90112.901.000.896.60
Coking Coal FOB ECP AUS196.60198.20-1.60-0.817.02
Aluminium ($US/t)2,1542,170-17.00-0.78-4.98
Copper Mar-18 ($US/lb)2.962.960.500.17-4.60
Lead ($US/t)2,4052,39213.000.54-1.22
Nickel ($US/t)14,82314,708115.000.78-0.14
Zinc ($US/t)2,9062,939-33.00-1.11-5.92
Tin ($US/t)19,83019,689141.000.72-3.22
Uranium ($US/lb)23.0023.000.000.22-0.22
Australian Market ReportCurrent
Level
PreviousChangeDaily %
Change
Monthly %
Change
ASX All Ords6,2906,306-16.00-0.263.04
S&P/ASX 2006,1956,215-21.00-0.333.41
ASX 24 Futures6,171
Australian Market Report

Friday 29 June - close. The Australian share market has ended the final trading day of the financial year on a sour note after a late afternoon sell-off, as energy stocks fell despite soaring oil prices and healthcare and financial stocks retreated. After losing ground in morning trade, the benchmark S&P/ASX200 headed north in the early afternoon before plunging in the last half-hour of trade to close down 20.8 points, or 0.33 per cent, at 6,194.6 points on Friday, while the broader All Ordinaries index lost 16.1 points, or 0.26 per cent, at 6,289.7 points. 

Ashanti Headlines

MOD Resources Limited: (MOD.ASX, 43cps, m.cap A$99.5m with 231.5m SOI, Cash $23.0m, Copper Explorer / Developer)

  • Total Mineral Resource at T3 (at 0.4% Cu cut-off) now comprises 60Mt @ 0.98% Cu and 14g/t Ag containing 590Kt copper and 27Moz silver
  • Revised resource represents 44% increase in contained copper (at 0.4% cut-off) compared with re-evaluation of previous resource (announced 24 August 2017) at same cut-off grade
  • 46% of the revised total resource (at 0.4% Cu cut-off) is now classified in the high confidence Indicated Mineral Resource category
  • The resource upgrade appears to support and potentially exceeds the Expansion Case open pit model reported in the PFS (announced 31 January 2018)
  • Drilling is continuing to extend high grade underground potential outside the planned T3 Pit
  • A link to the full announcement can be found here

Please contact the desk on +61 8 6243 1886 should you wish to discuss further


Have a question? admin@ashanticapital.com.au

ERA Communications