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01 October 2018 07:51 AM
Overseas Market ReportCurrent
Level
PreviousChangeDaily %
Change
Monthly %
Change
Dow Jones Industrial Average26,45826,44018.000.071.90
S&P 5002,9142,9140.000.000.43
NASDAQ8,0468,0424.000.05-0.78
FTSE 100 Index7,5107,545-35.00-0.471.05
DAX 3012,24712,436-189.00-1.52-0.95
CAC 40 Index5,4935,540-47.00-0.851.60
Nikkei 225 (Japan)24,12023,797323.001.365.49
HKSE27,78927,71673.000.26-0.36
SSE Composite Index2,8212,79230.001.063.53
S&P/TSX Composite Index16,07316,205-131.00-0.81-1.17
NZ 509,3249,351-27.00-0.290.12
US Volatility (Vix)12
Overseas Market Report

US sharemarkets were flat to firmer on Friday. The Dow Jones index finished higher by 18 points or 0.1%. The S&P 500 index was flat and the Nasdaq gained 4 points or 0.1%. Over the week the Dow fell 1.1% but the Nasdaq gained 0.7%. Over the month the Dow gained 1.9% and rose 9% over the quarter. The Nasdaq fell0.8% in the month but rose 7.1% in the quarter.

Global oil prices rose by over 1% on Friday with Brent crude at 4-year highs. The on-going concern is US sanctions against Iran to take force on November 4. Brent crude rose by US$1.00 or 1.2% to US$82.72 a barrel and the US Nymex price rose by US$1.13 or 1.6% to US$73.25 a barrel. Over the week Brent rose by US$3.92 or 5% and Nymex rose by US$2.47 or 3.5%

Base metal prices rose on the London Metals Exchange on Friday. Zinc rose by 5.2%, but tin rose just 0.1%. Over the week metals fell by up to 5% with nickel down the most. Other metals fell up to 1.8% but zinc bucked the trend, up by 6.4%.

The gold futures price rose by US$8.80 an ounce or 0.7% to $1,196.20 an ounce. The spot gold price was trading near US$1,192 an ounce in late US trade. Over the week gold fell by US$5.10 an ounce or 0.4%. Iron ore rose by US30 cents or 0.4% toUS$69.50 a tonne and rose the same over the week.

CommoditiesCurrent
Level
PreviousChangeDaily %
Change
Monthly %
Change
Oil Brent83.0382.730.300.367.25
Oil - West Texas crude73.4773.250.220.305.26
Gold Spot $/OZ1,191.001,192.00-1.40-0.12-0.86
Silver Spot $/OZ14.7014.700.00-0.300.78
Iron Ore65.3065.000.300.385.32
Thermal Coal Newcastle114.20114.50-0.30-0.31-2.85
Coking Coal FOB ECP AUS0.000.000.000.000.00
Aluminium ($US/t)2,0482,01237.001.81-2.94
Copper Mar-18 ($US/lb)2.812.810.100.055.95
Lead ($US/t)2,0231,99627.001.37-2.03
Nickel ($US/t)12,50712,47433.000.26-7.98
Zinc ($US/t)2,6582,527132.005.204.50
Tin ($US/t)18,86018,84020.000.11-1.26
Uranium ($US/lb)28.0027.000.000.183.38
Australian Market ReportCurrent
Level
PreviousChangeDaily %
Change
Monthly %
Change
ASX All Ords6,3266,29926.000.42-1.59
S&P/ASX 2006,2086,18126.000.43-1.77
ASX 24 Futures6,171
Australian Market Report

Friday 28th September - close. The Australian share market has closed higher after investors' worst fears over the banking royal commission's interim report were unfounded. The benchmark S&P/ASX200 index was up 26.4 points, or 0.43 per cent, at 6207.6 points on Friday, while the broader All Ordinaries index was 26.2 points, or 0.42 per cent, higher at 6325.5 points.

Ashanti Headlines

Adriatic Metals PLC (ADT.ASX, 51cps, m.cap A$66.7m with 130.8m SOI, Cash GBP4.6m, Polymetallic Explorer / Developer)

  • Ashanti is pleased to host ADT on a roadshow visiting Hong Kong, Singapore, Brisbane, Sydney, Melbourne & Perth on the dates below:
    • Hong Kong: 15th October
    • Singapore: 16th October
    • Brisbane: 17th October
    • Sydney: 18th & 19th October
    • Melbourne: 22nd & 23rd October
    • Perth: 24th - 26th October
  • Since the IPO in May 2018, ADT has demonstrated a world class Zinc polymetallic deposit at Rupice, with numerous high grade discovery holes significantly extending the strike and size of the orebody.
  • Significant drilling intercepts from the 2018 campaign thus far include:

    • Hole BR-2-18, intercepted 64m @ 4.6g/t Au, 537g/t Ag, 0.9% Cu, 7.7% Pb, 10.8% Zn, 46% BaSO4, from 214m
    • Hole BR-3-18, intercepted 36m @ 4.4g/t Au, 463g/t Ag, 0.5% Cu, 4.3% Pb, 5.7% Zn, 55% BaSO4 from 196m; and 22m @ 4.1g/t Au, 258g/t Ag, 0.8% Cu, 7.5% Pb, 12.8% Zn, 56% BaSO4 from 244m.
    • Hole BR-5-18, intercepted 66m @ 2.1g/t Au, 158g/t Ag, 2.3% Cu, 8.6% Pb, 12.8% Zn and 37% BaSO4 from 210m
    • Hole BR-10-18, intercepted 28m @ 3.4g/t Au, 271g/t Ag, 0.5% Cu, 5.9% Pb, 10.8% Zn and 61% BaSO4 from 236m
    • Hole BR-7-18, intercepted 18m @ 2.6g/t Au, 201g/t Ag, 0.5% Cu, 4.5% Pb, 9.2% Zn and 62% BaSO4 from 228m
  • Please be in contact if you would like to arrange a meeting

Have a question? admin@ashanticapital.com.au

ERA Communications