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17 September 2018 08:28 AM
Overseas Market Report
Current Level
Previous
Change
Daily % Change
Monthly % Change
Dow Jones Industrial Average
26,155
26,146
9.00
0.03
1.89
S&P 500
2,905
2,904
1.00
0.03
1.92
NASDAQ
8,010
8,014
-4.00
-0.05
2.48
FTSE 100 Index
7,304
7,282
22.00
0.31
-3.37
DAX 30
12,124
12,056
69.00
0.57
-0.71
CAC 40 Index
5,353
5,328
24.00
0.46
0.14
Nikkei 225 (Japan)
23,095
22,821
273.00
1.20
3.70
HKSE
27,286
27,014
272.00
1.01
0.27
SSE Composite Index
2,682
2,687
-5.00
-0.18
0.47
S&P/TSX Composite Index
16,013
16,002
12.00
0.07
-1.90
NZ 50
9,263
9,271
-8.00
-0.09
2.32
US Volatility (Vix)
12
Overseas Market Report
US sharemarkets were flat on Friday. Traders focussed on mixed economic data and developments on the US-China trade dispute. The Dow Jones index rose by almost 9 points or less than 0.1%after tracking a 143 point range. The S&P 500 index rose by almost1 point but the Nasdaq fell by 4 points or 0.1%. Over the week the Dow rose by 0.9%, the S&P 500 rose by 1.2% and the Nasdaq rose by 1.4%.
Global oil prices were mixed on Friday. The focus was on the US-China trade dispute and upcoming sanctions on Iran. The number of oil rigs in operation in the US rose by 2 to 749. Brent crude fell by US9 cents or 0.1% to US$78.09 a barrel and the US Nymex price rose by US40 cents or 0.6% to US$68.99 a barrel. Over the week Brent rose by US$1.26 or 1.6% and Nymex rose byUS$1.24 or 1.8%.
Base metal prices were mixed on the London Metals Exchange (LME) on Friday. Aluminium, copper and zinc fell by up to 1.2% while other metals rose up to 0.3%. Over the week metals were mixed with zinc down 4.4% but copper was up 0.6% and nickel was up 2.5%.
The gold futures price fell by US$7.10 an ounce or 0.6% to $1,201.10 an ounce. The spot gold price was trading near US$1,193 an ounce in late US trade. Over the week gold rose by US70c or 0.1%. Iron ore rose by US35 cents or 0.5% to US$69.60 a tonne. Over the week iron ore rose by US75c or 0.1%.
Commodities
Current Level
Previous
Change
Daily % Change
Monthly % Change
Oil Brent
77.95
78.09
-0.14
-0.18
8.52
Oil - West Texas crude
68.78
68.99
-0.21
-0.30
4.35
Gold Spot $/OZ
1,194.00
1,194.00
0.30
0.02
0.74
Silver Spot $/OZ
14.10
14.10
0.00
0.05
-5.02
Iron Ore
64.30
64.00
0.30
0.39
-0.08
Thermal Coal Newcastle
115.40
115.30
0.10
0.09
-2.53
Coking Coal FOB ECP AUS
182.20
182.20
0.00
0.00
6.74
Aluminium ($US/t)
2,006
2,028
-22.00
-1.06
-1.91
Copper Mar-18 ($US/lb)
2.60
2.60
-2.90
-1.12
-1.18
Lead ($US/t)
2,030
2,023
6.00
0.31
-1.02
Nickel ($US/t)
12,574
12,527
47.00
0.37
-5.66
Zinc ($US/t)
2,316
2,345
-29.00
-1.22
-4.99
Tin ($US/t)
19,046
19,039
7.00
0.04
0.07
Uranium ($US/lb)
27.00
27.00
0.00
0.37
4.40
Australian Market Report
Current Level
Previous
Change
Daily % Change
Monthly % Change
ASX All Ords
6,258
6,276
-18.00
-0.28
-2.61
S&P/ASX 200
6,146
6,165
-19.00
-0.31
-3.04
ASX 24 Futures
6,144
Australian Market Report
Friday 14 September - close. Australian shares have finished higher on Friday, buoyed by improving global sentiment around trade, solid Chinese economic data and a bout of local buying by bargain hunters. The benchmark S&P/ASX200 index closed 36.6 points, or 0.6 per cent, higher at 6,165.3 points on Friday, while the broader All Ordinaries index was up 36.4 points, or 0.58 per cent, at 6,276.3 points.
Ashanti Headlines
AuMake International Ltd (AU8.ASX, 28cps, m.cap A$75.7m with 271.4m SOI, Cash $10.7m, Consumer Discretionary)
DHL eCommerce has partnered with AuMake for deliveries direct from Australia to China
This partnership is in recognition of AU8's growing presence in the influential Australia daigou and Chinese tourist markets.
Further strengthens AU8's logistic capability in the Chinese market
Managing Director Joshua Zhou commented "The demand for Australian products from China is insatiable and through AuMake's retail stores and the collaboration with DHL eCommerce, we are making it easier to ship from Australia to China. AuMake's customers can ship and ship with the additional choice of using a well known and trusted logistics provider like DHL eCommerce, providing peace of mind that their purchases will be safely and quickly delivered."
Ashanti Capital Pty Ltd, ABN 61 614 939 981, the holder of an Australian Financial Services License (AFSL) number 493204. Any advice included in this document is general advice only, based solely on consideration of the investment or trading merits of the financial product/s alone, without taking into account the investment objectives, financial situation and particular needs (i.e. financial circumstances) of any particular person. Before making an investment or trading decision based on the advice, the recipient should consider carefully the appropriateness of the advice in light of his or her financial circumstances and obtain a copy of and consider the Product Disclosure Statement for that product before making any decision.
While this communication is for informational purposes only and based on the information from sources which are considered reliable. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Ashanti Capital, its directors, employees and consultants do not represent, warrant or guarantee, expressly or impliedly, that the information contained in this document is complete or accurate. Nor does Ashanti Capital accept any responsibility to inform you of any changes.
This document is a private communication to clients and is not intended for public circulation or for the use of any third party, without the prior approval of Ashanti Capital.
Ashanti Capital and/or entities and persons connected with it may have an interest in the securities, the subject of the recommendations set out in this report. In addition, Ashanti Capital and/or its associates will receive commissions on any transaction involving the relevant securities.
