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DAILY RUNG
07/02/2019

A daily feed of market essentials

07.02.2019

Daily Rung

LOCAL: The ASX 200 has closed at 6026, 20 points higher than it opened but lower than an intra-day high of 6042 reached around lunch time. The most points were contributed by BHP, IAG, Macquarie, Rio Tino, and Sydney Airport. Meanwhile points were subtracted by declines in CSL, the big four banks, Coles, and APA Group.

- Information technology was the best performing sector, up 2.3% and driven by a 2.5% gain in Computershare and a 2.7% in Xero, which dominate that index.

 

EUROPE: Europe’s markets were a largely mixed bag, but the main index was barely higher on Wednesday after the latest signs of economic distress in the eurozone. Investors monitored another set of earnings, which dented shares of BNP Paribas SA and ING Groep. The Stoxx Europe 600 inched up 0.1% to 365.47 after finishing up on a two-month high of 1.4% on Tuesday.

 

U.S.: U.S. stocks inched lower intraday, threatening to snap a five-session streak of gains for the S&P 500.  The broad stock-market index edged down 0.2% and the tech-heavy Nasdaq Composite dropped 0.4%, though it remained close to exiting bear-market territory, having risen almost 20% from its Christmas Eve lows. Stocks around the world have mostly bounced higher this week, buoyed by a number of stronger-than-expected earnings reports that have helped ease fears of a rapid slowdown in growth. 

- General Motors, Snap and Capri Holdings, the parent company of Michael Kors and Versace, were among the companies rallying after their latest results.

Daily Chart

Source: Bloomberg, Escala Partners
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This week the RBA extended its unchanged monetary policy settings, as was expected by economists. Forward interest rate expectations continue to edge down, with no rate hike now expected in 2019. Yesterday's speech from RBA governor Lowe also better reflected these forecasts, with the central bank shifting from a slightly tightening bias to a more 'evenly balanced' outlook.

Daily Data

Daily Weekly Monthly Quarterly Yearly
Equities Close +/- % % % % %
S&P/ASX 200  6,026.1  +20.2  +0.34%  +2.37%  +7.24%  +2.57%  +3.31% 
S&P/ASX 200 SPI  5,988.0  +18.0  +0.30%  +3.17%  +6.34%  +3.13%  +5.74% 
S&P/ASX 200 Accumulation  62,661.3  +211.4  +0.34%  +2.37%  +7.24%  +3.45%  +7.82% 
Dow Jones  25,390.3  -21.2  -0.08%  +1.50%  +8.35%  -0.95%  +1.92% 
S&P 500  2,731.6  -6.1  -0.22%  +1.89%  +7.89%  -0.87%  +1.35% 
Nasdaq  7,375.3  -26.8  -0.36%  +2.68%  +9.44%  -0.01%  +3.65% 
STOXX 600  365.5  +0.5  +0.15%  +1.96%  +6.45%  +0.82%  -1.95% 
FTSE 100  7,173.1  -4.3  -0.06%  +3.33%  +4.91%  +1.88%  +0.44% 
DAX  11,324.7  -43.3  -0.38%  +1.28%  +5.17%  -1.39%  -8.62% 
CAC 40  5,079.1  -4.3  -0.08%  +2.10%  +7.22%  +0.08%  -1.60% 
Nikkei 225  20,874.1  +29.6  +0.14%  +1.54%  +6.71%  -5.75%  -3.41% 
TOPIX  1,582.1  -0.8  -0.05%  +2.02%  +7.54%  -4.65%  -9.25% 
Hang Seng  27,990.2  +0.0  +0.00%  +1.26%  +9.23%  +7.16%  -8.52% 
Shanghai CSI 300  3,247.4  +0.0  +0.00%  +2.49%  +6.97%  +0.13%  -21.73% 
NZ 50  9,073.7  +0.0  +0.00%  +1.66%  +3.77%  +2.92%  +10.09% 
S&P 500 Sectors Close +/- % % % % %
Consumer Discretionary  855.3  -4.4  -0.51%  +0.37%  +7.11%  -0.22%  +2.73% 
Consumer Staples  550.1  +0.3  +0.06%  +2.21%  +4.38%  -4.82%  -2.90% 
Energy  477.4  -3.7  -0.76%  +2.11%  +7.66%  -6.54%  -7.58% 
Financials  431.9  -1.2  -0.27%  +0.20%  +7.30%  -3.21%  -8.25% 
Health Care  1,049.6  +3.8  +0.36%  +1.30%  +5.51%  +0.21%  +8.12% 
Industrials  618.0  -0.1  -0.02%  +2.83%  +12.61%  +2.04%  -3.08% 
Information Technology  1,202.4  +2.9  +0.24%  +3.25%  +11.40%  -0.81%  +5.56% 
Materials  335.1  -2.3  -0.68%  -1.20%  +4.29%  -2.58%  -10.96% 
Real Estate  212.6  -1.6  -0.76%  +0.76%  +11.40%  +5.35%  +12.73% 
Communication Services  152.8  -2.3  -1.49%  +3.75%  +6.01%  +1.65%  -3.77% 
Utilities  277.5  -0.3  -0.10%  +2.00%  +3.54%  +0.75%  +13.21% 
Commodities Close +/- % % % % %
Oil (WTI)  $53.90  +$0.24  0.45%  -0.61%  +11.64%  -13.90%  -7.13% 
Oil (Brent)  $62.57  +$0.59  +0.95%  +1.67%  +9.37%  -13.47%  +0.22% 
Gold  $1,306.74  -$8.58  -0.65%  -1.00%  +1.61%  +6.48%  -1.32% 
Silver  $15.68  -$0.17  -1.08%  -2.41%  -0.13%  +7.86%  -5.80% 
Iron Ore  $87.00  +$0.87  +1.01%  +5.48%  +19.26%  +17.41%  +17.31% 
Coking Coal  $189.11  +$0.00  +0.00%  +4.41%  +10.32%  -5.35%  -12.62% 
Thermal Coal  $98.65  +$0.65  +0.66%  -0.65%  -0.85%  -5.55%  -1.89% 
Copper  $2.85  +$0.02  +0.74%  +2.33%  +6.10%  +1.96%  -11.26% 
Aluminium  $0.87  -$0.01  -0.78%  -0.04%  +2.25%  -2.23%  -12.12% 
Nickel  $5.86  -$0.05  -0.88%  +9.37%  +16.34%  +9.77%  -3.44% 
Lead  $0.95  -$0.01  -0.57%  +0.00%  +7.18%  +9.48%  -20.26% 
Tin  $9.53  +$0.07  +0.72%  +3.26%  +7.42%  +10.24%  -3.34% 
Zinc  $1.23  -$0.02  -1.35%  +0.29%  +10.91%  +8.12%  -21.78% 
Interest Rates Close +/- % +/- +/- +/- +/-
RBA Cash Rate  1.50%  +0.000%     +0.000%  0.000%  0.000%  0.000% 
90 Day Bank Bill  2.01%  -0.016%     -0.057%  -0.047%  0.073%  0.248% 
180 Day Bank Bill  2.14%  -0.005%     -0.045%  -0.045%  0.030%  0.235% 
Australian 3 Year Bond  1.65%  -0.104%     -0.092%  -0.110%  -0.420%  -0.462% 
Australian 10 Year Bond  2.18%  -0.063%     -0.058%  -0.051%  -0.544%  -0.639% 
US 10 Year Bond  2.70%  -0.000%     +0.021%  0.031%  -0.529%  -0.103% 
US 30 Year Bond  3.03%  +0.003%     +0.003%  +0.054%  -0.409%  -0.031% 
iTraxx  74.39  +0.15     -5.6  -21.9  -3.8  +12.1 
Currencies Close +/- % % % % %
AUD/USD  0.712  -0.012  -1.59%  -1.78%  +0.08%  -1.77%  -9.95% 
AUD/JPY  78.28  -1.27  -1.60%  -0.95%  +1.44%  -4.77%  -9.63% 
AUD/EUR  0.626  -0.008  -1.28%  -0.81%  +0.32%  -1.26%  -1.97% 
AUD/GBP  0.55  -0.01  -1.55%  -0.43%  -1.58%  -0.54%  -2.91% 
AUD/NZD  1.042  -0.007  -0.64%  -0.88%  -1.35%  -3.08%  -3.21% 
EUR/USD  1.14  -0.00  -0.34%  -0.98%  -0.25%  -0.53%  -8.16% 
GBP/USD  1.294  -0.001  -0.06%  -1.36%  +1.68%  -1.24%  -7.26% 
USD/JPY  109.97  +0.01  +0.01%  +0.85%  +1.35%  -3.05%  +0.37% 
USD/CNY  6.742  +0.000  +0.00%  +0.38%  -1.85%  -2.56%  +7.18% 
Other Indicators Close +/- % % % % %
VIX  15.38  -0.19  -1.22%  -12.91%  -28.06%  -22.75%  -48.70% 
Australian DLCs Close +/- % % % % %
BHP Billiton PLC ($A)  $31.37  +$0.32  +1.05%  +3.66%  +5.08%  +8.39%  +18.35% 
Rio Tinto PLC ($A)  $78.12  +$1.13  +1.47%  +4.44%  +15.13%  +11.72%  +15.15% 
CYBG PLC ($A)  $3.70  +$0.50  +15.77%  +11.29%  +8.99%  -19.39%  -31.13% 
Janus Henderson Group PLC ($A)  $31.66  +$1.18  +3.87%  +4.22%  +8.27%  -5.54%  -32.46% 
Resmed Inc ($A)  $13.43  +$0.27  +2.09%  +3.83%  -13.31%  -7.31%  +11.70% 
News Corporation ($A)  $18.36  +$0.22  +1.23%  +3.72%  +9.19%  -1.22%  -12.03% 

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