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23 August 2019 07:54 AM
Overseas Market ReportCurrent
PreviousChangeDaily %
Monthly %
Dow Jones Industrial Average26,25226,20350.000.19-4.01
S&P 5002,9232,924-1.00-0.05-2.75
FTSE 100 Index7,1287,204-76.00-1.05-5.67
DAX 3011,74711,803-56.00-0.47-5.95
CAC 40 Index5,3885,435-47.00-0.87-4.09
Nikkei 225 (Japan)20,62820,6199.000.05-4.59
SSE Composite Index2,8832,8803.000.11-0.57
S&P/TSX Composite Index16,25316,309-56.00-0.34-1.93
NZ 5010,73110,7256.000.05-1.26
US Volatility (Vix)17
Overseas Market Report

US sharemarkets were mixed on Thursday. Investors await a speech by Fed chief Jerome Powell on Friday. There was mixed economic data and mixed messages from Federal Reserve district presidents on interest rates. Shares in Boeing rose by 4.2% after Reuters reported that the planemaker is looking to increase production of the 737 MAX jets as early as October. The Dow Jones rose by 49.5 points or 0.2% while the S&P500 fell by 0.1% and the Nasdaq lost almost 29 points or 0.4%.

Global oil prices fell by 0.6% on Thursday. Traders continued to worry about the sluggishness of the global economy and therefore demand for oil. Traders await a key speech from the Federal Reserve chair. Oil prices were supported by data showing a 1.5 million barrel fall in inventories at the Cushing, Oklahoma delivery point for US crude oil futures. Brent crude price fell by US38 cents or 0.6% to US$59.92 a barrel. And the US Nymex price fell by US33 cents or 0.6% to US$55.35 a barrel. 

Base metal prices fell by between 0.1-2.0% on the London Metal Exchange on Thursday with tin down the least and zinc falling the most.

The gold futures price fell by US$7.20 an ounce to US$1,508.50 an ounce. The spot gold price was trading near US$1,498 an ounce in late US trade. Iron ore rose by US$2.00 or 2.4% to US$85.00 a tonne.

PreviousChangeDaily %
Monthly %
Oil Brent59.9260.30-0.38-0.63-5.28
Oil - West Texas crude55.4455.350.090.16-2.34
Gold Spot $/OZ1,497.001,498.00-0.80-0.055.62
Silver Spot $/OZ17.0017.000.00-0.053.85
Iron Ore91.7092.20-0.50-0.54-22.49
Thermal Coal Newcastle65.4065.50-0.10-0.15-12.28
APAC Hard Coking Coal FOB151.00151.000.000.00-13.22
Aluminium ($US/t)1,7401,750-10.00-0.56-2.70
Copper Mar-18 ($US/lb)2.562.560.200.06-5.01
Lead ($US/t)2,0582,083-26.00-1.222.76
Nickel ($US/t)15,71015,857-147.00-0.9310.20
Zinc ($US/t)2,2452,290-46.00-1.99-6.61
Tin ($US/t)16,20016,222-22.00-0.14-9.42
Uranium ($US/lb)25.0025.
Australian Market ReportCurrent
PreviousChangeDaily %
Monthly %
ASX All Ords6,5936,57320.000.31-3.22
S&P/ASX 2006,5026,48319.000.29-3.31
ASX 24 Futures6,447
Australian Market Report

Thursday 22 August - close. The Australian share market has closed modestly up as investors digested a flurry of company results. The benchmark S&P/ASX200 index closed Thursday up 18.5 points, or 0.29 per cent, to 6,501.8 points, while the broader All Ordinaries was up 20.4 points, or 0.31 per cent, to 6,593 points.

Ashanti Headlines

Independence Group NL: (IGO.ASX, 509cps, m.cap A$3,082m with 590.5m SOI, Cash $348m, Diversified / Base Metals Producer)

  • Independence Group NL has advised that it will be holding a live webcast of its FY19 Financial Results presentation starting at 10am AEST (8am WST) on Thursday morning, 29 August 2019. 
  • To listen in live, please click on the link below and register your detail
  • Investors are advised that, in addition to the live webcast, a recording of the presentation will be available on the IGO website approximately one hour after the conclusion of the webcast.
  • Please note that the FY19 Financial Results will be released to the ASX before market open Thursday, 29 August 2019.

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