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12 November 2019 06:50 AM
Overseas Market ReportCurrent
Level
PreviousChangeDaily %
Change
Monthly %
Change
Dow Jones Industrial Average27,69127,68110.000.043.26
S&P 5003,0873,093-6.00-0.203.93
NASDAQ8,4648,475-11.00-0.135.05
FTSE 100 Index7,3297,359-31.00-0.421.12
DAX 3013,1980-30.00-0.235.49
CAC 40 Index5,8945,8904.000.074.03
Nikkei 225 (Japan)23,33223,392-60.00-0.267.03
HKSE26,92727,651-725.00-2.622.35
SSE Composite Index2,9102,964-54.00-1.83-2.14
S&P/TSX Composite Index16,88316,8775.000.032.85
NZ 5010,92010,9201.000.01-0.03
US Volatility (Vix)13
Overseas Market Report

US sharemarkets were mixed on Monday due to lingering US China trade uncertainty. Protests in Hong Kong also dampened investor sentiment. The Dow Jones index erased earlier losses of 163 points after Boeing (+4.7%) announced the resumption of 737 Max jet deliveries. Shares of Walgreens Boots Alliance lifted by 5.1% after Bloomberg reported KKR & Co had formally approached the drugstore giant for what could be the biggest-ever leveraged buyout. Qualcomm shares fell 2.3% after Morgan Stanley downgraded the chipmaker to "equal-weight" from "overweight". At the close of trade, the Dow Jones rose by 10 points or 0.04% - a record close. The S&P500 index fell by 0.2%. The Nasdaq index closed down by 11 points or 0.1%.

Global oil prices fell on Monday after Oman's oil minister said that OPEC+ producers probably won't deepen crude output cuts at next month's meeting. Brent crude fell by US33 cents or 0.5% to US$62.18 a barrel. And the US Nymex price fell by US38 cents or 0.7% to US$56.86 a barrel. 

Base metal prices were mostly lower on the London Metal Exchange on Monday. Nickel (-3.8%) fell the most as Indonesia cleared some producers to export ore after a brief suspension. 

The gold futures price fell by US$5.80 or 0.4% to US$1,457.10 an ounce. Spot gold was trading near US$1,455 an ounce in late US trade. Iron ore fell by US$1.45 or 1.8% to US$78.45 a tonne after Baosteel forecast a market surplus.

CommoditiesCurrent
Level
PreviousChangeDaily %
Change
Monthly %
Change
Oil Brent62.3062.51-0.21-0.342.96
Oil - West Texas crude56.8657.24-0.38-0.663.95
Gold Spot $/OZ1,456.001,456.000.200.02-2.21
Silver Spot $/OZ16.9016.900.000.00-3.96
Iron Ore81.5082.40-0.90-1.10-13.78
Thermal Coal Newcastle67.0066.800.200.220.83
APAC Hard Coking Coal FOB140.00140.000.000.00-9.09
Aluminium ($US/t)1,7821,817-36.00-1.973.71
Copper Mar-18 ($US/lb)2.662.68-1.80-0.671.37
Lead ($US/t)2,0922,112-20.00-0.95-3.94
Nickel ($US/t)15,56616,189-623.00-3.85-12.24
Zinc ($US/t)2,5422,52419.000.733.50
Tin ($US/t)16,56116,686-125.00-0.750.42
Uranium ($US/lb)25.0025.000.00-0.20-1.00
Australian Market ReportCurrent
Level
PreviousChangeDaily %
Change
Monthly %
Change
ASX All Ords6,8776,83344.000.642.31
S&P/ASX 2006,7736,72448.000.722.51
ASX 24 Futures6,773
Australian Market Report

Monday 11 November 2019 - close. The Australian share market has finished at a three-month closing high after a broad rally led by CSL and three of the four big banks. The benchmark S&P/ASX200 index closed on Monday up 48.4 points, or 0.72 per cent, to 6,772.5 points, while the broader All Ordinaries was up 43.8 points, or 0.64 per cent, to 6,877 points.

Ashanti Headlines

Invictus Energy Limited: (IVZ.ASX, 3.0 cps, m.cap A$13.5m with 448.7m SOI, Cash ~$2.95m (post placement), O&G Explorer)

  • IVZ has announced it received binding commitments for a Placement to raise $1.5m (before costs) by issuing 57.69m shares at an issue price of $0.026
  • The Placement was well supported by new and existing investors
  • Together with the existing cash reserves, the new funds ensure Invictus is well funded through this growth phase as farm-out discussions develop, preparatory works for the on ground exploration phase commence, the Company progresses its Corporate Social Responsibility program within the community resulting from the completed Environmental Impact Assessment field survey, and government discussions on the petroleum regulatory framework. 
  • “The demand and bids for the Placement was well in excess of our target and we thank our existing shareholders and the new incoming shareholders for their strong support. The Company looks forward to an exciting growth phase as we focus on discussions with potential farm In partners and the future exploration program”. 
  • Ashanti acted as Lead Manager to the Placement.

Have a question? admin@ashanticapital.com.au

ERA Communications