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25 July 2018 07:57 AM
Overseas Market ReportCurrent
PreviousChangeDaily %
Monthly %
Dow Jones Industrial Average25,24225,044198.000.794.08
S&P 5002,8202,80713.000.483.80
FTSE 100 Index7,7097,65653.000.702.65
DAX 3012,68912,549141.001.123.42
CAC 40 Index5,4345,37856.001.042.85
Nikkei 225 (Japan)22,51022,397113.000.510.77
SSE Composite Index2,9062,86046.001.611.62
S&P/TSX Composite Index16,39016,421-31.00-0.191.27
NZ 508,9088,9016.000.07-0.99
US Volatility (Vix)12
Overseas Market Report

US sharemarkets were mostly higher on Tuesday. Agriculture focused shares gained on reports that the Trump Administration plans to offer US$12 billion in emergency aid to farmers hit by tariffs. Shares of Deere (+3.2%) and Caterpillar (+1.2%) lifted. Shares of Biogen (+4.1%), Eli Lilly (+5.0%) and Harley-Davidson (+7.7%) increased after reporting strong results. Whirpool (-14.5%)shares tumbled after cutting its full-year earnings forecasts. Shares of Alphabet were up 3.9% to record highs after results beat expectations. The Dow Jones index rose by 197 points or 0.8%, the S&P 500 index rose by 0.5%, but the Nasdaq index fell by just 1 point or flat.

Global oil prices rose on Tuesday. Expectations for Chinese fiscal stimulus boosted hopes for stronger oil demand. And US crude futures extended gains after API data last week showed a larger-than-expected draw in US crude inventories. Crude stockpiles fell 3.16 million barrels (survey: -2.9 million). Brent crude rose by US38 cents or 0.5% to US$73.44 a barrel and the US Nymex rose by US63 cents or 0.9% to US$68.52 a barrel.

Base metal prices rebounded on the London Metal Exchange (LME) on Tuesday after China vowed to pursue a more "vigorous" fiscal policy to support growth. Copper and zinc (+2.8%) led gains. The red metal also rose on supply concerns due to a possible labour strike at BHP Billiton's Escondida mine.

The gold futures price fell by US10 cents an ounce or -0.01% to $1,225.50 an ounce. The spot gold price was trading near US$1,224 an ounce in late US trade. Iron ore rose by US15 cents or 0.2% to US$65.35 a tonne.

PreviousChangeDaily %
Monthly %
Oil Brent73.4473.060.380.52-2.79
Oil - West Texas crude68.7468.520.220.320.97
Gold Spot $/OZ1,226.001,
Silver Spot $/OZ15.5015.500.000.19-5.11
Iron Ore58.8058.800.000.05-2.50
Thermal Coal Newcastle119.30118.700.600.554.60
Coking Coal FOB ECP AUS171.70172.70-1.00-0.58-14.49
Aluminium ($US/t)2,0642,0586.000.30-5.30
Copper Mar-18 ($US/lb)2.802.806.302.30-7.50
Lead ($US/t)2,1372,11126.001.22-11.19
Nickel ($US/t)13,49913,301198.001.49-11.08
Zinc ($US/t)2,6522,58073.002.81-10.89
Tin ($US/t)19,76019,568192.000.98-3.49
Uranium ($US/lb)24.0024.
Australian Market ReportCurrent
PreviousChangeDaily %
Monthly %
ASX All Ords6,3556,32035.000.560.74
S&P/ASX 2006,2666,22838.000.610.89
ASX 24 Futures6,216
Australian Market Report

Tuesday 25 July - close. The Australian share market has closed stronger, buoyed by mining, financial and health care stocks after solid earnings out of the US. The benchmark S&P/ASX200 index was up 38.2 points, or 0.61 per cent, at 6,265.8 points on Tuesday, while the broader All Ordinaries rose 35.1 points, or 0.56 per cent, at 6,355.2 points. 

Ashanti Headlines

Adriatic Metals PLC (ADT.ASX, 44cps, m.cap A$57.5m with 130.8m SOI, Cash $10.5m, Polymetallic Explorer / Developer

  • Ashanti will be conducting a site visit to ADT's 100% owned Vareš Project in Bosnia & Herzegovina next week 
  • 3 drill rigs are now on site – with a 4th rig schedule to arrive at the end of July to assist with the aggressive drill out at Rupice & JB Zone 
  • Upcoming Rupice drilling will target the high grade plunge to the North which has brought recent success, and test orebody extensions which remains open in all directions
  • Please contact the desk  on +61 8 6169 2668 should you wish to discuss the latest exploration success

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ERA Communications