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19 March 2019 07:49 AM
Overseas Market ReportCurrent
Level
PreviousChangeDaily %
Change
Monthly %
Change
Dow Jones Industrial Average25,91425,84965.000.250.09
S&P 5002,8332,82210.000.371.91
NASDAQ7,7147,68926.000.343.04
FTSE 100 Index7,2997,22871.000.981.67
DAX 3011,65711,686-29.00-0.253.08
CAC 40 Index5,4135,4058.000.144.89
Nikkei 225 (Japan)21,58421,451134.000.621.32
HKSE29,40929,012397.001.374.18
SSE Composite Index3,0963,02275.002.4712.37
S&P/TSX Composite Index16,25116,140111.000.691.97
NZ 509,5009,515-15.00-0.152.99
US Volatility (Vix)13
Overseas Market Report

US sharemarkets rose on Monday. Goldman Sachs (+2.1%) was a strong performer as it may be involved in the German bank deal. Apple shares lifted by 1.0% after launching a new 10.5-inch iPad Air. Fidelity National Information Services (-0.7%) announced an agreement to buy financial payments processor Worldpay (+10.0%) for US$35 billion. Boeing shares continued to fall (-1.8%)due to 737 Max 8 jet safety concerns. Facebook shares fell by3.3% after broker Needham downgraded the company to 'hold' from 'buy' on regulatory concerns. The Dow Jones index rose by 65points or 0.3%. The S&P500 index rose 0.4%. And the Nasdaq index rose by 26 points or 0.3%.

Global oil prices rose to around 4-month highs on Monday. OPEC and its allies met in Azerbaijan to monitor their crude supply reduction pact. Saudi Arabia signalled producers may need to extend the 1.2 million barrels per day of curbs past June into the second half of 2019. But next month's planned OPEC meeting is likely to be cancelled at Russia's request. Brent crude rose by US38 cents or 0.6% to US$67.54 a barrel and the US Nymex price rose by US57 cents or 1.0% to US$59.09 a barrel.

Base metal prices were mixed on the London Metal Exchange on Monday. Aluminium (+1.3%), nickel (+0.6%) and tin (+0.5%) advanced, but lead (-1.2%) and zinc (-0.5%) fell.

The gold futures price fell by US$1.40 an ounce or 0.1% to $1,301.50 an ounce on Monday. The spot gold price was near US$1,302 an ounce in late US trade. Iron ore rose by US$1.60 or1.9% on Monday to US$87.80 a tonne.

CommoditiesCurrent
Level
PreviousChangeDaily %
Change
Monthly %
Change
Oil Brent67.5467.160.380.571.56
Oil - West Texas crude59.0559.09-0.04-0.075.28
Gold Spot $/OZ1,303.001,304.00-0.70-0.06-2.83
Silver Spot $/OZ15.3015.300.00-0.06-4.08
Iron Ore84.1082.601.501.76-0.81
Thermal Coal Newcastle93.8093.800.00-0.05-1.26
Coking Coal FOB ECP AUS0.000.000.000.000.00
Aluminium ($US/t)1,9001,87525.001.324.11
Copper Mar-18 ($US/lb)2.912.900.500.191.20
Lead ($US/t)2,0212,045-24.00-1.190.26
Nickel ($US/t)12,92512,84481.000.634.45
Zinc ($US/t)2,8172,830-14.00-0.486.08
Tin ($US/t)21,22021,120100.000.470.19
Uranium ($US/lb)27.0027.000.00-0.73-5.75
Australian Market ReportCurrent
Level
PreviousChangeDaily %
Change
Monthly %
Change
ASX All Ords6,2796,284-4.00-0.071.54
S&P/ASX 2006,1886,191-3.00-0.041.33
ASX 24 Futures6,194
Australian Market Report

Monday 18 March - close. The Australian stockmarket has started the week higher, buoyed by iron ore producers as the price of the resource spiked. The benchmark S&P/ASX200 index closed up 15.3 points, or 0.25 per cent, to 6190.5 points at 1615 AEDT on Monday, while the broader All Ordinaries was up 18.5 points, or 0.3 per cent, at 6283.6.

Ashanti Headlines

Pensana Metals Ltd: (PM8.ASX, 1.8cps, m.cap A$21.8m with 1,212.2m SOI, Cash $4.6m, Rare Earths explorer)

  • Fidelity (FIL) have lodged a substantial shareholder notice this morning with just over 5% of the Company

Have a question? admin@ashanticapital.com.au

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