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07 November 2019 06:50 AM
Overseas Market ReportCurrent
Level
PreviousChangeDaily %
Change
Monthly %
Change
Dow Jones Industrial Average27,49327,4930.000.003.46
S&P 5003,0773,0752.000.074.23
NASDAQ8,4118,435-24.00-0.295.36
FTSE 100 Index7,3977,3889.000.123.37
DAX 3013,180031.000.249.72
CAC 40 Index5,8675,84720.000.346.90
Nikkei 225 (Japan)23,30423,25252.000.229.02
HKSE27,68927,6835.000.027.23
SSE Composite Index2,9792,992-13.00-0.432.53
S&P/TSX Composite Index16,74616,68264.000.381.80
NZ 5010,73910,759-20.00-0.19-2.16
US Volatility (Vix)13
Overseas Market Report

US sharemarkets were mixed on Wednesday. There were wire reports indicating that signing of the US-China trade deal may be delayed to December. But in the health sector shares in Humana rose 3.5% with CVS Health up 5.4% after earnings results. At the close of trade, the Dow Jones was down by 0.1 points or less than 0.1% after trading in a 118 point range. The Nasdaq was down by 24 points or 0.3%. And the broader S&P 500 index was up by 2.2 points or 0.1%. 

Global oil prices fell by around 1.5-2% on Wednesday. The US Energy Information Administration reported that crude oil stocks rose by 7.9 million barrels in the past week, above expectations for a 1.5 million barrel lift. However gasoline stocks actually fell more than expected, limiting falls in the oil price. Brent crude fell by US$1.22 or 1.9% to US$61.74 a barrel. And the US Nymex price fell by US88 cents or 1.5% to US$56.35 a barrel. 

Base metal prices were weaker by up to 1.8% on the London Metal Exchange on Wednesday with lead down the most. But nickel and aluminium were little changed on the day.

The gold futures price rose by US$9.40 or 0.6% to US$1,493.10 an ounce. Spot gold was trading near US$1,490 an ounce in late US trade. Iron ore rose by US70 cents or 0.8% to US$83.40 a tonne.

CommoditiesCurrent
Level
PreviousChangeDaily %
Change
Monthly %
Change
Oil Brent61.7462.96-1.22-1.945.77
Oil - West Texas crude56.3557.23-0.88-1.546.70
Gold Spot $/OZ1,488.001,491.00-2.10-0.14-0.34
Silver Spot $/OZ17.6017.600.000.041.19
Iron Ore82.9084.30-1.40-1.64-10.86
Thermal Coal Newcastle66.5067.20-0.60-0.892.07
APAC Hard Coking Coal FOB137.50137.000.500.36-10.13
Aluminium ($US/t)1,8161,817-1.00-0.046.34
Copper Mar-18 ($US/lb)2.672.70-3.60-1.314.00
Lead ($US/t)2,1202,158-39.00-1.80-1.98
Nickel ($US/t)16,28416,300-16.00-0.10-9.06
Zinc ($US/t)2,5192,548-29.00-1.147.80
Tin ($US/t)16,54016,430111.000.670.56
Uranium ($US/lb)24.0024.000.000.62-3.17
Australian Market ReportCurrent
Level
PreviousChangeDaily %
Change
Monthly %
Change
ASX All Ords6,7736,812-38.00-0.561.29
S&P/ASX 2006,6606,697-37.00-0.551.47
ASX 24 Futures6,658
Australian Market Report

Wednesday 6 November 2019 - close. The Australian share market has wiped out all of its gains from its three-day winning streak, and then some. The benchmark S&P/ASX200 index, which had gained 33.7 points between Friday and Tuesday, on Wednesday closed down 36.9 points, or 0.55 per cent, to 6,660.2 points. The broader All Ordinaries finished 38.4 points lower, or 0.56 per cent, to 6,773.2 points.

Ashanti Headlines

Bye Aerospace, Oxis Energy Begin Collaboration to Increase the Endurance of Future Bye  Aerospace eAircraft

  • OXIS Energy and Bye Aerospace have begun a 12-month collaborative program announced in late July that seeks to achieve a 50% to 100% increase in flight time from a single charge on future Bye Aerospace eAircraft.
  • OXIS has developed an innovative Lithium Sulfur (Li-S) battery technology that offers significant benefits to aviation markets. Compared to existing Li-ion battery systems technology, the high gravimetric energy density of the OXIS technology - in excess of 500 Wh/kg at 20Ah capacity - offers a two-fold reduction in battery system weight resulting in a significant increase in flight duration.
  • At the outset, the program will test OXIS cells and modules against the performance characteristics of existing and soon-to-be-announced Bye Aerospace aircraft. This will produce data that will demonstrate the advantages of the OXIS Li-S technology to the aerospace sector and more specifically, to Bye Aerospace’s future aviation applications. 
  •  OXIS CEO, Huw Hampson-Jones said, “We believe this collaboration will offer Bye Aerospace the confidence that OXIS Li-S systems will deliver the battery technology that meets the demanding performance and quality required to increase the efficiencies of their future electric aircraft. OXIS is focusing its research and development on the transformation of piston and turbo prop aircraft that is required for regional flight transportation. We believe this to be the first phase in the electrification of commercial aircraft and will ultimately form the basis for the electrification of Air Taxis, with the additional requirement for regional aircraft... As a consequence of the significant extension of aircraft flight duration, both companies believe this will allow for the widespread adoption of electric aircraft across the skies of the United States.”


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ERA Communications