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03 December 2019 06:51 AM
Overseas Market Report
Current Level
Previous
Change
Daily % Change
Monthly % Change
Dow Jones Industrial Average
27,783
28,051
-268.00
-0.96
1.59
S&P 500
3,114
3,141
-27.00
-0.86
1.53
NASDAQ
8,568
8,665
-97.00
-1.12
2.17
FTSE 100 Index
7,286
7,347
-61.00
-0.82
-0.23
DAX 30
12,965
0
-272.00
-2.05
0.03
CAC 40 Index
5,787
5,905
-118.00
-2.01
0.43
Nikkei 225 (Japan)
23,530
23,294
236.00
1.01
2.97
HKSE
26,445
26,346
98.00
0.37
-2.42
SSE Composite Index
2,876
2,872
4.00
0.13
-2.79
S&P/TSX Composite Index
16,981
17,040
-59.00
-0.34
2.33
NZ 50
11,290
11,302
-12.00
-0.10
4.91
US Volatility (Vix)
15
Overseas Market Report
US sharemarkets fell on Monday on trade concerns after President Trump restored tariffs on metal imports from Brazil and Argentina. Weaker US manufacturing and construction data weighed on sentiment. And despite expectations of record Cyber Monday sales of $9.4 billion, retail stocks were down around 1%. At the close of trade the Dow Jones index was down by 268 points or 1.0% to near session lows. The S&P500 index fell by 0.9% and the Nasdaq index lost 97.5 points or 1.1%.
Global oil prices rose by up to 1.4% on Monday. Wire reports suggest that OPEC and its allies may deepen output cuts at the meetings later in the week to support prices. Also firmer Chinese economic data supported prices. OPEC nations meet on Thursday and the wider OPEC+ grouping meets on Friday. The most active Brent crude contract was up by US43 cents or 0.7% to US$60.92 a barrel. And the US Nymex price rose by US79 cents or 1.4% to US$55.96 a barrel.
Base metal prices rose by up to 1.2% on the London Metal Exchange on Monday with aluminium up the most. But zinc and lead both fell by 1.7%.
The gold futures price fell by US$3.30 to US$1,462.30 an ounce. Spot gold was trading near US$1,463 an ounce in late US trade. Iron ore rose by US$1.50 or 1.7% to US$88.75 a tonne.
Commodities
Current Level
Previous
Change
Daily % Change
Monthly % Change
Oil Brent
60.89
60.49
0.40
0.66
-1.30
Oil - West Texas crude
55.96
55.17
0.79
1.43
-0.43
Gold Spot $/OZ
1,462.00
1,462.00
-0.10
0.00
-3.43
Silver Spot $/OZ
16.90
16.90
0.00
0.15
-6.49
Iron Ore
83.80
83.70
0.10
0.16
-1.72
Thermal Coal Newcastle
67.60
69.30
-1.80
-2.52
0.52
APAC Hard Coking Coal FOB
145.50
139.00
6.50
4.68
0.69
Aluminium ($US/t)
1,813
1,792
21.00
1.16
1.23
Copper Mar-18 ($US/lb)
2.63
2.64
-0.90
-0.36
-0.77
Lead ($US/t)
1,890
1,923
-33.00
-1.73
-12.94
Nickel ($US/t)
13,652
13,618
34.00
0.25
-18.73
Zinc ($US/t)
2,261
2,300
-38.00
-1.66
-12.39
Tin ($US/t)
16,516
16,504
12.00
0.07
0.19
Uranium ($US/lb)
26.00
26.00
0.00
0.00
7.90
Australian Market Report
Current Level
Previous
Change
Daily % Change
Monthly % Change
ASX All Ords
6,965
6,948
17.00
0.25
2.75
S&P/ASX 200
6,862
6,846
16.00
0.24
2.90
ASX 24 Futures
6,777
Australian Market Report
Monday 2 December 2019 - close. The Australian share market has set a fresh all-time closing peak but narrowly missed eclipsing its all-time intraday high set on Friday. The benchmark S&P/ASX200 index slumped in the final minutes of trading to finish Monday up 16.3 points, or 0.24 per cent, to 6,862.3 points, while the broader All Ordinaries was up 17.3 points, or 0.25 per cent, to 6,965.3 points.
CYM has advised that the initial phase 1 and 2 or the RC drill programme at the Eelya South prospect, totalling 1,138m has been completed
All of the Eelya South prospect initial phase drillholes have intersected the targeted structure with altered and mineralised material observed at the supergene horizon, from a depth of approximately 30 metres depth below the ground surface, as illustrated in images 3, 4 and 5.
The assay results from Eelya South phases 1 and 2 are expected at the beginning of January 2020 and we look forward to updating the market at that time.
In addition, A 900 metre RC drill programme at the Rapier prospect has commenced and we will update the market with assay results from this RC drilling programme as they become available.
Executive Director Barry Cahill commented “We are very pleased to have completed the initial Reverse Circulation drilling programme at the Eelya South prospect over a strike length of approximately 500 meters and consistently intersecting the structure at a very shallow depth.”
Please contact your adviser or the desk on +61 8 6319 7807 should you wish to discuss further.
Ashanti Capital Pty Ltd, ABN 61 614 939 981, the holder of an Australian Financial Services License (AFSL) number 493204. Any advice included in this document is general advice only, based solely on consideration of the investment or trading merits of the financial product/s alone, without taking into account the investment objectives, financial situation and particular needs (i.e. financial circumstances) of any particular person. Before making an investment or trading decision based on the advice, the recipient should consider carefully the appropriateness of the advice in light of his or her financial circumstances and obtain a copy of and consider the Product Disclosure Statement for that product before making any decision.
While this communication is for informational purposes only and based on the information from sources which are considered reliable. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Ashanti Capital, its directors, employees and consultants do not represent, warrant or guarantee, expressly or impliedly, that the information contained in this document is complete or accurate. Nor does Ashanti Capital accept any responsibility to inform you of any changes.
This document is a private communication to clients and is not intended for public circulation or for the use of any third party, without the prior approval of Ashanti Capital.
Ashanti Capital and/or entities and persons connected with it may have an interest in the securities, the subject of the recommendations set out in this report. In addition, Ashanti Capital and/or its associates will receive commissions on any transaction involving the relevant securities.
