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11 January 2019 07:41 AM
Overseas Market ReportCurrent
Level
PreviousChangeDaily %
Change
Monthly %
Change
Dow Jones Industrial Average24,00223,879123.000.51-1.51
S&P 5002,5972,58512.000.45-1.52
NASDAQ6,9866,95729.000.42-0.65
FTSE 100 Index6,9436,90736.000.522.00
DAX 3010,92210,89328.000.261.31
CAC 40 Index4,8064,814-8.00-0.16-0.01
Nikkei 225 (Japan)20,16420,427-263.00-1.29-4.65
HKSE26,52126,46259.000.222.91
SSE Composite Index2,5352,544-9.00-0.36-2.27
S&P/TSX Composite Index14,90314,80599.000.671.61
NZ 508,9448,91924.000.273.14
US Volatility (Vix)20
Overseas Market Report

US sharemarkets traded in and out of positive territory over Thursday's session. Investors dissected weak earnings results from a number of retailers as well as the latest comments from the Federal Reserve chair. Shares in department store Macys fell 17.7% after it cut its full-year sales forecast. Shares in American Airlines fell by 4.1% after cutting fourth-quarter profit and forecasts. But shares in Boeing rose by 2.6%. The Dow Jones ended near session highs, higher by 123 points or 0.5%, after trading in a 312 point range. The S&P500 index was up by 0.5%. The Nasdaq index was up by 29 points or 0.4%.

Global oil prices rose modestly on Thursday after gains of near 5% in the previous session. Investors await signs of progress on US-China trade talks. But soft Chinese inflation data also weighed on investor sentiment. Brent crude rose by US 24 cents or 0.4% to US$61.68 a barrel and the US Nymex price rose by US23 cents or0.4% to US$52.59 a barrel.

Base metal prices were mixed on the London Metal Exchange. Zinc and copper fell by up to 1.5% while other metals rose by up to 0.6%.

The gold futures price fell by US$4.60 an ounce or 0.4% to $1,287.40 an ounce. The spot gold price was trading near US$1,286 an ounce in late US trade. Iron ore rose by US15 cents or 0.2% to US$74.65 a tonne.

CommoditiesCurrent
Level
PreviousChangeDaily %
Change
Monthly %
Change
Oil Brent61.6861.440.240.392.85
Oil - West Texas crude52.3052.59-0.29-0.551.26
Gold Spot $/OZ1,288.001,287.001.200.103.59
Silver Spot $/OZ15.6015.600.000.147.05
Iron Ore72.7072.400.300.377.81
Thermal Coal Newcastle97.9098.10-0.30-0.25-4.68
Coking Coal FOB ECP AUS0.000.000.000.000.00
Aluminium ($US/t)1,8411,8329.000.50-4.55
Copper Mar-18 ($US/lb)2.642.64-0.20-0.08-4.72
Lead ($US/t)1,9641,9605.000.241.37
Nickel ($US/t)11,19411,18410.000.094.33
Zinc ($US/t)2,4762,514-38.00-1.51-6.43
Tin ($US/t)20,21520,095120.000.606.55
Uranium ($US/lb)29.0029.000.000.000.17
Australian Market ReportCurrent
Level
PreviousChangeDaily %
Change
Monthly %
Change
ASX All Ords5,8625,8548.000.143.74
S&P/ASX 2005,8025,7957.000.124.06
ASX 24 Futures5,748
Australian Market Report

Thursday 10 January- close. The Australian share market has had a flat finish to the day, as a 3.4 per cent fall in BHP shares after market giant went ex-dividend, offset any gains elsewhere. The benchmark S&P/ASX200 index closed up 17 points, or 0.29 per cent, to 5,795.3 at 1615 AEDT on Thursday. The broader All Ordinaries was up 15.5 points, or 0.27 per cent, to 5,853.9.

Ashanti Headlines

Bye Aerospace  Announces SUBARU-SBI  Innovation Fund  Investment Investment  is  All-Electric  “SunFlyer”  Developer’s  Largest  to  Date

DENVER, Colorado – January 10, 2019 – Bye Aerospace, Inc., the developer of the “Sun Flyer” family of electric aircraft, has announced the completion of a major investment by the SUBARU-SBI Innovation Fund.  

 

Bye Aerospace is an aerospace engineering company that designs and builds advanced electric aircraft for the general aviation and aerospace/defense markets. The investment, which closed on November 6, 2018, will be used to advance the FAA certification process for the Sun Flyer 2 electric plane.  The Sun Flyer 2 is expected to be the first electric aircraft certified by the FAA.

 

George E. Bye, Founder and CEO of Bye Aerospace, expressed his gratitude for the investment. “On behalf of our team, my sincere thanks to the SUBARU-SBI Innovation Fund for their vision, their passion for our industry and their belief in electric propulsion,” he said. “This is Bye Aerospace’s largest individual investment to date.”

 

Itaru Ueda, Manager of the SUBARU-SBI Innovation Fund, said, “We believe Sun Flyer 2 will be the first electric airplane to receive FAR Part 23 type certification. Electric aircraft are receiving lots of attention, and we expect the future of small electric airplanes to be led by Bye Aerospace.”

 

About SUBARU-SBI Innovation Fund

SUBARU-SBI Innovation Fund is a jointly established private fund between Subaru Corporation and SBI Investment Co., Ltd.  The Fund will invest in promising start-up companies in Japan and internationally that are expected to generate business synergies in Subaru Corporation’s existing and prospective business areas. 

 

About Bye Aerospace, Inc.

Bye Aerospace is an award-winning aerospace development firm developing the “Sun Flyer” family of all-electric aircraft. For more information, go to Bye Aerospace


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ERA Communications