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15 July 2019 06:50 AM
Overseas Market ReportCurrent
Level
PreviousChangeDaily %
Change
Monthly %
Change
Dow Jones Industrial Average27,33227,088244.000.904.76
S&P 5003,0143,00014.000.464.39
NASDAQ8,2448,19648.000.595.74
FTSE 100 Index7,5067,510-4.00-0.052.18
DAX 3012,3230-9.00-0.071.88
CAC 40 Index5,5735,55221.000.383.82
Nikkei 225 (Japan)21,68621,64442.000.202.69
HKSE28,47228,43240.000.144.99
SSE Composite Index2,9312,91813.000.441.69
S&P/TSX Composite Index16,48816,528-40.00-0.241.14
NZ 5010,70510,7013.000.034.58
US Volatility (Vix)12
Overseas Market Report

US sharemarkets rose to record highs on Friday. The S&P 500 index closed above the 3,000 point level for the first time. Shares of Dow Inc. led the Dow Jones index higher, rising 4.0%. Shares of Caterpillar (+3.3%) and Intel (+2.7%) also led gains. JB Hunt Transport Services was the best-performing stock in the S&P 500, up by 5.9%. The Dow Jones closed up by almost 244 points or 0.9%. The S&P500 was up by 0.5% and the Nasdaq rose by 48 points or 0.6%. For the week, the Dow Jones added 1.5%, the S&P 500 rose 0.8% and the Nasdaq gained 1.0%.

Global oil prices were little changed on Friday. Worries about a global crude surplus offset concerns over supply cuts in the US Gulf of Mexico due to Tropical Storm Barry. Global crude oil supply exceeded demand by 900,000 barrels a day in the first six months of 2019 according to the IEA. The Brent crude price rose by US20 cents or 0.3% to US$66.72 a barrel. The US Nymex price rose by US1 cent or 0.02% to US$60.21 a barrel. Over the week, Brent rose by 3.9% and the Nymex lifted 4.7%.

Base metal prices were mixed on the London Metal Exchange (LME) on Friday. Nickel (+2.6%) rose on concerns that Indonesia will resume an export ban on ore in 2022. Tin fell by 0.7%, while copper and aluminium were both down by 0.3%. 

The gold futures price rose by US$5.50 an ounce or 0.4% to US$1,412.20 an ounce to be up 0.9% over the week. The spot gold price was trading near US$1,415 an ounce in late US trade. Iron ore fell by US70 cents or 0.6% to US$118.55 a tonne, but was still up by 3.8% over the week.

CommoditiesCurrent
Level
PreviousChangeDaily %
Change
Monthly %
Change
Oil Brent66.7866.720.060.097.69
Oil - West Texas crude60.2360.210.020.0314.70
Gold Spot $/OZ1,418.001,416.002.200.155.67
Silver Spot $/OZ15.2015.200.000.052.51
Iron Ore116.50117.00-0.40-0.3614.61
Thermal Coal Newcastle74.6075.00-0.50-0.603.68
APAC Hard Coking Coal FOB182.00182.000.000.00-5.70
Aluminium ($US/t)1,8021,808-5.00-0.292.43
Copper Mar-18 ($US/lb)2.692.680.900.341.41
Lead ($US/t)1,9741,9686.000.282.96
Nickel ($US/t)13,41013,073337.002.5714.06
Zinc ($US/t)2,4482,43711.000.46-6.82
Tin ($US/t)18,16418,297-134.00-0.73-7.00
Uranium ($US/lb)25.0025.000.001.010.40
Australian Market ReportCurrent
Level
PreviousChangeDaily %
Change
Monthly %
Change
ASX All Ords6,7896,806-17.00-0.252.34
S&P/ASX 2006,6976,716-20.00-0.292.18
ASX 24 Futures6,604
Australian Market Report

Friday 12 July - close. The Australian share market has finished lower, ending a lack luster week on a negative note ahead of a raft of economic data due from China. The benchmark S&P/ASX200 index closed down 19.6 points, or 0.29 per cent, to 6,696.5 points at 1615 AEST on Friday, while the broader All Ordinaries was down 17 points, or 0.25 per cent, to 6,788.8.

Ashanti Headlines

AuMake International Ltd (AU8.ASX, 14cps, m.cap A$41m with 312.1m SOI, Cash c$12.5m (Consumer Discretionary)

  • AuMake has been notified by JD Worldwide (www.jd.hk) that its AuMake flagship online store has recorded the fastest sales growth globally in the supplements category on JD.com’s annual 618 shopping festival day.
  • AuMake’s store growth featured as Number 1 in a top 10 ‘best of’ list which was distributed by JD Worldwide to its network.
  • Since the launch of AuMake’s JD store in March 2019, it has delivered an average monthly growth rate of over 100% to June 2019; with over 290 SKUs of AuMake owned and less well known brands now available on the store.
  • A key contribution to this strong growth has been the close working relationship AuMake has developed with the JD.com business in Beijing, which has resulted in invaluable marketing and product selection support.
  • AuMake is continuing to work with JD Worldwide to further expand its reach on the JD platform to capitalise on the existing strong growth.
  • AuMake is also in the advanced stages of implementing new initiatives with JD.com and will update the market in the near future regarding these exciting developments.
  • AuMake’s exclusive strategic relationship with JD Worldwide and in turn JD.com, is a key component of AuMake’s platform to connect Chinese consumers to new Australian and New Zealand brands.
  • We are pleased to see the Company's growing relationship with JD.com. This should start to lead to material sales.
  • Please contact your adviser or the desk on +61 8 6319 7806 should you wish to discuss further

Have a question? admin@ashanticapital.com.au

ERA Communications