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05 October 2018 08:15 AM
Overseas Market ReportCurrent
Level
PreviousChangeDaily %
Change
Monthly %
Change
Dow Jones Industrial Average26,62726,828-201.00-0.752.51
S&P 5002,9022,926-24.00-0.820.45
NASDAQ7,8808,025-146.00-1.81-1.45
FTSE 100 Index7,4187,510-92.00-1.220.47
DAX 3012,24412,288-43.00-0.351.69
CAC 40 Index5,4115,491-81.00-1.472.86
Nikkei 225 (Japan)23,97624,111-135.00-0.566.18
HKSE26,62427,091-467.00-1.73-2.28
SSE Composite Index2,8212,79230.001.063.53
S&P/TSX Composite Index16,00716,072-65.00-0.41-0.81
NZ 509,2229,257-35.00-0.38-0.06
US Volatility (Vix)14
Overseas Market Report

US sharemarkets fell sharply as US Treasury yields surged to multi-year highs, weighing on investor sentiment. Interest-rate sensitive shares fell with Procter & Gamble (-1.3%) among the poorest performers. Shares of Apple (-1.8%) and Amazon (-2.2%)fell on cybersecurity concerns as both companies denied a Bloomberg report their systems had been infiltrated by malicious computer chips inserted by Chinese intelligence. And chip makers Micron (-2.2%) and Nvidia (-2.6%) shares fell after Deutsche Bank reduced its 2019 earnings forecasts. The Dow Jones index finished lower by 200 points or 0.8% after being down by 356 points during the session. The S&P 500 index was down by 0.8% and the Nasdaq index fell 145 points or 1.8%.

Global oil prices fell on Thursday as traders took some profits after prices lifted to fresh 4-year highs on Wednesday. Also pressuring oil prices, crude inventories at the US hub of Cushing, Oklahoma, rose by around 1.7 million barrels over the five days to October 2, according to market intelligence firm Genscape. Brent crude fell by US$1.71 or 2.0% to US$84.58 a barrel and the US Nymex price fell by US$2.08 or 2.7% to US$74.33 a barrel.

Base metal prices were mixed on the London Metals Exchange on Thursday. Aluminium (-1.4%) retreated on mounting speculation that Norsk Hydro's shutdown of its Alunorte alumina refinery won't last. Nickel (-2.2%) was the worst performer, but copper (+0.4%)lifted on supply concerns.

The gold futures price fell by US$1.30 an ounce or 0.1% to $1,201.60 an ounce. The spot gold price was trading near US$1,199 an ounce in late US trade. Iron ore was flat at US$69.60 a tonne as China's Golden Week holiday continued.

CommoditiesCurrent
Level
PreviousChangeDaily %
Change
Monthly %
Change
Oil Brent84.8984.580.310.379.86
Oil - West Texas crude74.7174.330.380.518.72
Gold Spot $/OZ1,198.001,200.00-1.50-0.130.13
Silver Spot $/OZ14.6014.600.00-0.072.78
Iron Ore65.3065.000.300.385.32
Thermal Coal Newcastle113.80113.90-0.20-0.13-1.39
Coking Coal FOB ECP AUS0.000.000.000.000.00
Aluminium ($US/t)2,1682,198-30.00-1.366.78
Copper Mar-18 ($US/lb)2.792.790.900.347.50
Lead ($US/t)1,9872,000-13.00-0.65-3.79
Nickel ($US/t)12,40212,677-275.00-2.170.18
Zinc ($US/t)2,6822,6785.000.1710.64
Tin ($US/t)18,97018,982-12.00-0.060.39
Uranium ($US/lb)28.0028.000.00-0.183.95
Australian Market ReportCurrent
Level
PreviousChangeDaily %
Change
Monthly %
Change
ASX All Ords6,2796,294-15.00-0.23-0.95
S&P/ASX 2006,1636,176-14.00-0.22-1.09
ASX 24 Futures6,152
Australian Market Report

Thursday 04 October - close. The Australian share market has closed higher, buoyed by the banks and commodity-related stocks, but the Aussie dollar has fallen below 71 US cents for the first time since February 2016. The benchmark S&P/ASX200 index was up 30.2 points, or 0.49 per cent, to 6176.3 points on Thursday, while the broader All Ordinaries index was 28.6 points, or 0.46 per cent, higher at 6293.8 points.

Ashanti Headlines

AuMake International Ltd (AU8.ASX, 35.5cps, m.cap A$96.4m with 271.5m SOI, Cash $10.7m, Consumer Discretionary)

  • Ashanti will be hosting an investor information session for AuMake International Ltd at Steve's cellar in Nedlands on Friday 12th October from 2pm
  • Executive Chairman Keong Chan will provide a brief update on;

    • September Quarterly Results (to be released the same day);
    • Overview on the first 12 months of the business as a listed company;
    • The growing influence of the Chinese consumer and tourist on Australian markets;
    • Investor Q&A.

  • Please reach out to Laura Cameron, lc@ashanticapital.com.au should you wish to attend

  • AuMake International Limited is an ASX listed retail company connecting Australian suppliers directly with daigou and Chinese tourists. AuMake engages with the growing and influential daigou and Chinese tourist markets, by offering a one-stop-shop retail network. This includes a range of Australian products across four main categories including: 

    – healthcare (supplements and food) 

    – skin, body care and cosmetics 

    – dairy products and baby food (including infant formula) 

    – wool and leather products. 


Have a question? admin@ashanticapital.com.au

ERA Communications