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DAILY RUNG
05/02/2019

A daily feed of market essentials

05.02.2019

Daily Rung

US: US equities rose overnight, with the S&P 500 advancing 0.7% for a fourth straight session of gains.

- Alphabet added 2% ahead of the release of the company’s quarterly results.

- Events this week include the continuation of earnings season, with around half of the index already reported, President Trump’s State of the Union address tonight and a speech from Fed chair Jay Powell tomorrow night.

EUROPE: Europe’s markets were mostly down on Monday, with banks leading the decliners and investors slightly more cautious amid a smattering of downbeat earnings news. The Stoxx Europe 600 slipped 0.1% to 359.23 after finishing up 0.5% last week.

- Swiss bank Julius Baer Gruppe AG tumbled after announcing a series of cost cutting measures.

LOCAL: The ASX 200 closed 0.5% higher at 5891. After falling to a low of 5848 in the morning, the index recovered in the afternoon on the back of the major banks ahead of the release of the Royal Commission final report.

- Utilities and energy stocks were the best performers, up 1.6 and 1.3% respectively. The materials index was the worst performer with a decline of 0.3%.

- The worst performer was Boral, down 7.9% to $4.55 after issuing a profit warning.

- Wealth management companies like AMP and IOOF were punished, falling 1.3% and 4.5% respectively. Banking analysts said this was because of the corporate regulator's announcement this morning that CBA's financial planning arm would have to stop taking customers.

Daily Chart

Source: Bloomberg, Escala Partners
Enlarge

While the banks rose early in the year along with the broader ASX 200 Index, since mid-January the sector has underperformed in anticipation of the Royal Commission's final report. With the report released after the market closed yesterday, today could be a more volatile session for the sector as investors digest the report's recommendations.

Daily Data

Daily Weekly Monthly Quarterly Yearly
Equities Close +/- % % % % %
S&P/ASX 200  5,891.2  +28.4  +0.48%  -0.24%  +4.84%  +0.72%  -3.76% 
S&P/ASX 200 SPI  5,873.0  +36.0  +0.62%  +0.96%  +5.59%  +2.10%  +0.65% 
S&P/ASX 200 Accumulation  61,257.1  +295.0  +0.48%  -0.24%  +4.84%  +1.58%  +0.44% 
Dow Jones  25,239.4  +175.5  +0.70%  +2.90%  +7.71%  -0.12%  -1.10% 
S&P 500  2,724.9  +18.3  +0.68%  +3.06%  +7.62%  +0.07%  -1.35% 
Nasdaq  7,347.5  +83.7  +1.15%  +3.70%  +9.03%  -0.13%  +1.47% 
STOXX 600  359.9  +0.2  +0.06%  +1.56%  +4.82%  -1.14%  -7.25% 
FTSE 100  7,034.1  +13.9  +0.20%  +4.25%  +2.88%  -0.85%  -5.50% 
DAX  11,176.6  -4.1  -0.04%  -0.30%  +3.80%  -2.97%  -12.58% 
CAC 40  5,000.2  -19.1  -0.38%  +2.28%  +5.55%  -2.00%  -6.80% 
Nikkei 225  20,883.8  +95.4  +0.46%  +1.14%  +6.76%  -6.11%  -10.27% 
TOPIX  1,581.3  +16.7  +1.07%  +1.66%  +7.49%  -4.67%  -15.17% 
Hang Seng  27,990.2  +59.5  +0.21%  +1.50%  +9.23%  +5.68%  -14.15% 
Shanghai CSI 300  3,247.4  +0.0  +0.00%  +2.00%  +6.97%  -1.30%  -23.97% 
NZ 50  8,979.4  -19.8  -0.22%  -1.48%  +2.70%  +1.63%  +6.70% 
S&P 500 Sectors Close +/- % % % % %
Consumer Discretionary  851.6  +5.4  +0.64%  +1.25%  +6.64%  -0.29%  +1.25% 
Consumer Staples  549.8  +3.3  +0.61%  +3.09%  +4.33%  -3.18%  -5.61% 
Energy  480.3  +0.8  +0.17%  +4.43%  +8.31%  -4.14%  -10.47% 
Financials  433.7  +1.6  +0.37%  +0.75%  +7.75%  -0.95%  -10.98% 
Health Care  1,046.6  -3.6  -0.34%  +2.87%  +5.21%  +1.29%  +4.06% 
Industrials  612.8  +7.8  +1.30%  +4.96%  +11.65%  +2.83%  -6.66% 
Information Technology  1,188.9  +18.7  +1.60%  +4.12%  +10.16%  -1.50%  +3.00% 
Materials  334.7  -0.8  -0.23%  +0.69%  +4.16%  -0.84%  -11.67% 
Real Estate  212.9  +1.4  +0.65%  +2.57%  +11.58%  +7.86%  +9.67% 
Communication Services  153.7  +1.5  +0.95%  +4.53%  +6.64%  +2.55%  -6.72% 
Utilities  277.4  +0.6  +0.21%  +2.94%  +3.52%  +2.92%  +9.59% 
Commodities Close +/- % % % % %
Oil (WTI)  $54.70  -$0.56  -1.01%  +5.21%  +13.30%  -13.94%  -7.73% 
Oil (Brent)  $62.70  -$0.05  -0.08%  +4.83%  +9.60%  -13.99%  -1.80% 
Gold  $1,312.11  -$5.87  -0.45%  +0.67%  +2.03%  +6.43%  -1.60% 
Silver  $15.87  -$0.04  -0.26%  +0.80%  +1.09%  +7.85%  -4.35% 
Iron Ore  $82.80  -$1.68  -1.99%  +5.34%  +13.50%  +13.80%  +13.63% 
Coking Coal  $189.11  +$0.00  +0.00%  +4.21%  +10.32%  -4.36%  -9.29% 
Thermal Coal  $98.20  -$0.15  -0.15%  -1.26%  -1.31%  -5.21%  -4.34% 
Copper  $2.80  +$0.01  +0.47%  +2.77%  +4.22%  -1.83%  -12.45% 
Aluminium  $0.87  +$0.02  +1.91%  +0.87%  +2.90%  -2.74%  -13.17% 
Nickel  $6.01  +$0.27  +4.74%  +23.91%  +19.35%  +11.15%  -1.30% 
Lead  $0.97  +$0.00  +0.05%  +0.83%  +9.13%  +6.93%  -20.63% 
Tin  $9.43  -$0.04  -0.43%  +2.08%  +6.39%  +8.90%  -3.39% 
Zinc  $1.27  +$0.01  +0.86%  +2.02%  +14.89%  +9.74%  -20.02% 
Interest Rates Close +/- % +/- +/- +/- +/-
RBA Cash Rate  1.50%  +0.000%     +0.000%  0.000%  0.000%  0.000% 
90 Day Bank Bill  2.04%  -0.009%     -0.029%  -0.019%  0.116%  0.263% 
180 Day Bank Bill  2.16%  -0.010%     -0.030%  -0.020%  0.060%  0.250% 
Australian 3 Year Bond  1.74%  +0.014%     +0.042%  -0.022%  -0.312%  -0.382% 
Australian 10 Year Bond  2.23%  +0.025%     +0.020%  -0.003%  -0.463%  -0.599% 
US 10 Year Bond  2.72%  +0.039%     -0.020%  0.056%  -0.489%  -0.118% 
US 30 Year Bond  3.06%  +0.031%     -0.009%  +0.076%  -0.397%  -0.030% 
iTraxx  75.68  -0.08     -7.0  -20.6  -3.7  +18.4 
Currencies Close +/- % % % % %
AUD/USD  0.723  -0.002  -0.34%  +0.82%  +1.57%  +0.44%  -8.90% 
AUD/JPY  79.42  +0.03  +0.04%  +1.36%  +2.91%  -2.47%  -9.04% 
AUD/EUR  0.632  -0.001  -0.11%  +0.77%  +1.23%  +0.02%  -0.66% 
AUD/GBP  0.55  -0.00  -0.02%  +1.75%  -0.90%  -0.14%  -1.30% 
AUD/NZD  1.049  -0.002  -0.17%  +0.01%  -0.68%  -3.04%  -3.39% 
EUR/USD  1.14  -0.00  -0.18%  +0.06%  +0.35%  +0.41%  -8.25% 
GBP/USD  1.304  -0.004  -0.29%  -0.93%  +2.50%  +0.55%  -7.63% 
USD/JPY  109.92  +0.42  +0.38%  +0.52%  +1.30%  -2.90%  -0.23% 
USD/CNY  6.742  +0.000  +0.00%  -0.05%  -1.85%  -2.16%  +7.01% 
Other Indicators Close +/- % % % % %
VIX  15.71  -0.43  -2.66%  -16.75%  -26.52%  -19.48%  -9.24% 
Australian DLCs Close +/- % % % % %
BHP Billiton PLC ($A)  $30.96  -$0.09  -0.29%  +4.09%  +3.69%  +6.59%  +13.04% 
Rio Tinto PLC ($A)  $77.02  +$0.69  +0.90%  +6.32%  +13.51%  +10.90%  +10.81% 
CYBG PLC ($A)  $3.14  -$0.02  -0.78%  -7.62%  -7.64%  -36.67%  -44.42% 
Janus Henderson Group PLC ($A)  $30.37  -$0.11  -0.36%  -3.43%  +3.87%  -9.19%  -37.32% 
Resmed Inc ($A)  $13.04  +$0.13  +0.98%  +2.05%  -15.83%  -11.27%  +6.65% 
News Corporation ($A)  $17.92  +$0.19  +1.05%  +0.50%  +6.60%  -3.50%  -15.13% 

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