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17 September 2018 08:28 AM
Overseas Market ReportCurrent
Level
PreviousChangeDaily %
Change
Monthly %
Change
Dow Jones Industrial Average26,15526,1469.000.031.89
S&P 5002,9052,9041.000.031.92
NASDAQ8,0108,014-4.00-0.052.48
FTSE 100 Index7,3047,28222.000.31-3.37
DAX 3012,12412,05669.000.57-0.71
CAC 40 Index5,3535,32824.000.460.14
Nikkei 225 (Japan)23,09522,821273.001.203.70
HKSE27,28627,014272.001.010.27
SSE Composite Index2,6822,687-5.00-0.180.47
S&P/TSX Composite Index16,01316,00212.000.07-1.90
NZ 509,2639,271-8.00-0.092.32
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%.

CommoditiesCurrent
Level
PreviousChangeDaily %
Change
Monthly %
Change
Oil Brent77.9578.09-0.14-0.188.52
Oil - West Texas crude68.7868.99-0.21-0.304.35
Gold Spot $/OZ1,194.001,194.000.300.020.74
Silver Spot $/OZ14.1014.100.000.05-5.02
Iron Ore64.3064.000.300.39-0.08
Thermal Coal Newcastle115.40115.300.100.09-2.53
Coking Coal FOB ECP AUS182.20182.200.000.006.74
Aluminium ($US/t)2,0062,028-22.00-1.06-1.91
Copper Mar-18 ($US/lb)2.602.60-2.90-1.12-1.18
Lead ($US/t)2,0302,0236.000.31-1.02
Nickel ($US/t)12,57412,52747.000.37-5.66
Zinc ($US/t)2,3162,345-29.00-1.22-4.99
Tin ($US/t)19,04619,0397.000.040.07
Uranium ($US/lb)27.0027.000.000.374.40
Australian Market ReportCurrent
Level
PreviousChangeDaily %
Change
Monthly %
Change
ASX All Ords6,2586,276-18.00-0.28-2.61
S&P/ASX 2006,1466,165-19.00-0.31-3.04
ASX 24 Futures6,144
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."
  • A link to the full announcement can be found here
  • Please contact the desk on +61 8 6169 2668 should you wish to discuss further

Have a question? admin@ashanticapital.com.au

ERA Communications