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DAILY RUNG
08/02/2019

A daily feed of market essentials

08.02.2019

Daily Rung

U.S.: The S&P 500 slumped nearly 300 points Thursday, as trade tensions and bleak economic data from Europe renewed fears of a slowdown in global growth. Investors have grappled with conflicting signals about the durability of the global economic expansion this year, something that has kept enthusiasm for risk-taking contained even after markets rallied in January.  Major U.S. indexes opened lower, tracking declines in Europe, and extended their slump after White House economic adviser Larry Kudlow said China and the U.S. are still far away from striking a trade deal. A White House official later said President Trump is "highly unlikely" to meet with Chinese President Xi Jinping ahead of the March 1 expiration of their tariff truce. The S&P 500 lost 0.9% after snapping a five-day winning streak Wednesday.

- Trade-sensitive stocks, including machinery giant Caterpillar, aerospace company Boeing and chip maker Intel, all shed at least 1.5%.

 

EUROPE: European markets slumped Thursday, led by heavy losses for German stocks after more weak data from that country, and as earnings news hit the banking sector. Further, the Bank of England and the European Commission both offered downbeat outlooks on Thursday, reaffirming growing fears about the health of Europe’s economy. The Stoxx Europe 600 fell by 1.5% to 360, after closing up 0.15% on Wednesday.

 

LOCAL: The Australian sharemarket closed at four-month high on Thursday as better than expected results were rewarded with strong gains, leading the ASX 200 to rise 1.1% to 6093.

- The major banks led the market on Thursday, extending their gains for the week and giving the market its fourth straight gain. Commonwealth Bank led the gains rising 2% to $74.06, Westpac climbed 1.9% to $26.88 and ANZ edged 1.7% higher to $26.86. NAB shares advanced 1.3% higher to $24.93 before entering a trading halt in the final hour of trade, pending an announcement on leadership changes.

- CYBG shares rose 17.9% to $3.76 after it delivered an upbeat December quarter trading update following the close of trade on Wednesday. The British bank said it experienced greater than expected synergies from it purchase of Virgin Money in October and expected to deliver a minimum of £150 million ($273 million) in savings by the end of its 2021 financial year, beating its initial forecast for £120 million.

Daily Chart

Source: Thomson Reuters, Escala Partners
Enlarge

The Australian equity market produced strong returns in January, gaining 4% for the month on more upbeat global sentiment towards stocks. All sectors bar financials rose, which were weak leading into the final Royal Commission report (and have since rebounded). The effect of a weak performance from the large financials sector was a key drag on overall performance, with seven out of eleven sectors beating the index. 

Daily Data

Daily Weekly Monthly Quarterly Yearly
Equities Close +/- % % % % %
S&P/ASX 200  6,092.5  +66.3  +1.10%  +3.88%  +7.20%  +3.32%  +3.67% 
S&P/ASX 200 SPI  6,005.0  -41.0  -0.68%  +3.52%  +6.04%  +2.54%  +5.63% 
S&P/ASX 200 Accumulation  63,350.9  +689.6  +1.10%  +3.89%  +7.21%  +4.20%  +8.19% 
Dow Jones  25,169.5  -220.8  -0.87%  +0.68%  +6.96%  -3.86%  +1.11% 
S&P 500  2,706.1  -25.6  -0.94%  +0.07%  +6.13%  -3.83%  +0.91% 
Nasdaq  7,288.4  -86.9  -1.18%  +0.09%  +6.81%  -3.73%  +3.35% 
STOXX 600  360.1  -5.4  -1.49%  +0.39%  +5.02%  -1.72%  -5.27% 
FTSE 100  7,093.6  -79.5  -1.11%  +1.79%  +4.15%  -0.33%  -2.55% 
DAX  11,022.0  -302.7  -2.67%  -1.35%  +2.55%  -4.81%  -12.46% 
CAC 40  4,985.6  -93.5  -1.84%  -0.14%  +5.64%  -2.97%  -5.14% 
Nikkei 225  20,751.3  -122.8  -0.59%  -0.11%  +3.55%  -6.04%  -4.13% 
TOPIX  1,569.0  -13.1  -0.83%  +0.10%  +3.74%  -5.05%  -10.34% 
Hang Seng  27,990.2  +0.0  +0.00%  +0.17%  +8.34%  +7.05%  -7.69% 
Shanghai CSI 300  3,247.4  +0.0  +0.00%  +1.43%  +6.32%  +0.79%  -19.83% 
NZ 50  9,133.5  +59.8  +0.66%  +1.65%  +3.72%  +3.15%  +11.46% 
S&P 500 Sectors Close +/- % % % % %
Consumer Discretionary  847.8  -7.5  -0.87%  -1.58%  +3.73%  -4.08%  +2.12% 
Consumer Staples  549.6  -0.4  -0.07%  +0.31%  +4.59%  -5.42%  -2.58% 
Energy  467.2  -10.2  -2.13%  -0.76%  +4.02%  -9.98%  -8.01% 
Financials  427.9  -4.0  -0.94%  -0.47%  +6.05%  -5.39%  -9.26% 
Health Care  1,038.5  -11.1  -1.06%  -0.90%  +3.97%  -3.68%  +7.06% 
Industrials  613.4  -4.6  -0.75%  +1.60%  +11.02%  -0.40%  -4.06% 
Information Technology  1,185.0  -17.3  -1.44%  +1.88%  +8.86%  -4.97%  +5.49% 
Materials  330.5  -4.6  -1.39%  -1.05%  +2.51%  -5.73%  -11.44% 
Real Estate  214.3  +1.7  +0.80%  +0.62%  +11.41%  +4.99%  +14.15% 
Telecommunications  151.2  -1.6  -1.03%  -1.01%  +4.13%  -1.31%  -5.04% 
Utilities  281.0  +3.5  +1.27%  +1.20%  +5.61%  +0.94%  +15.22% 
Commodities Close +/- % % % % %
Oil (WTI)  $52.60  -$1.41  -2.61%  -2.21%  +7.74%  -15.43%  -7.48% 
Oil (Brent)  $61.63  -$1.06  -1.69%  +1.30%  +7.09%  -14.83%  +0.47% 
Gold  $1,310.11  +$3.51  +0.27%  -0.84%  +1.62%  +6.82%  -0.63% 
Silver  $15.74  +$0.06  +0.40%  -2.02%  +0.53%  +7.94%  -3.88% 
Iron Ore  $92.29  +$3.31  +3.72%  +21.39%  +24.46%  +24.41%  +22.73% 
Coking Coal  $189.03  -$0.08  -0.04%  +2.28%  +9.01%  -3.61%  -13.06% 
Thermal Coal  $95.65  -$2.15  -2.20%  -3.38%  -3.24%  -10.31%  -4.45% 
Copper  $2.83  -$0.01  -0.53%  +1.25%  +5.45%  +1.51%  -9.22% 
Aluminium  $0.86  -$0.01  -0.68%  -0.26%  +0.83%  -4.58%  -12.23% 
Nickel  $5.89  +$0.03  +0.46%  +8.19%  +16.41%  +9.86%  -1.44% 
Lead  $0.94  -$0.00  -0.48%  -0.52%  +6.50%  +7.91%  -17.07% 
Tin  $9.50  -$0.02  -0.24%  +1.62%  +6.08%  +9.97%  -3.05% 
Zinc  $1.24  +$0.01  +1.00%  +0.19%  +9.33%  +11.24%  -19.20% 
Interest Rates Close +/- % +/- +/- +/- +/-
RBA Cash Rate  1.50%  +0.000%     +0.00%  +0.00%  +0.00%  +0.00% 
90 Day Bank Bill  2.01%  -0.003%     -0.04%  -0.05%  +0.07%  +0.24% 
180 Day Bank Bill  2.14%  +0.000%     -0.04%  -0.05%  +0.03%  +0.24% 
Australian 3 Year Bond  1.64%  -0.013%     -0.11%  -0.15%  -0.43%  -0.46% 
Australian 10 Year Bond  2.15%  -0.034%     -0.09%  -0.12%  -0.58%  -0.69% 
US 10 Year Bond  2.66%  -0.037%     +0.03%  -0.04%  -0.58%  -0.18% 
US 30 Year Bond  2.99%  -0.038%     -0.00%  +0.01%  -0.45%  -0.12% 
iTraxx  76.50  +2.11     +0.30  -17.64  +0.07  +15.61 
Currencies Close +/- % % % % %
AUD/USD  0.710  -0.000  -0.06%  -2.36%  -0.66%  -2.41%  -9.23% 
AUD/JPY  77.99  -0.15  -0.19%  -1.52%  +0.36%  -5.58%  -8.81% 
AUD/EUR  0.626  +0.001  +0.14%  -1.43%  +0.53%  -1.68%  -1.82% 
AUD/GBP  0.55  -0.00  -0.21%  -1.17%  -1.98%  -1.09%  -2.70% 
AUD/NZD  1.052  +0.004  +0.34%  +0.03%  -0.57%  -1.87%  -2.64% 
EUR/USD  1.13  -0.00  -0.18%  -0.93%  -1.16%  -0.74%  -7.53% 
GBP/USD  1.295  +0.002  +0.15%  -1.20%  +1.37%  -1.33%  -6.69% 
USD/JPY  109.82  -0.15  -0.14%  +0.85%  +1.01%  -3.26%  +0.45% 
USD/CNY  6.745  +0.003  +0.04%  +0.73%  -1.55%  -2.53%  +7.44% 
Other Indicators Close +/- % % % % %
VIX  16.37  +0.99  +6.44%  -1.21%  -23.50%  +0.06%  -40.97% 
Australian DLCs Close +/- % % % % %
BHP Billiton PLC ($A)  $31.06  -$0.35  -1.12%  +1.95%  +3.10%  +5.93%  +15.74% 
Rio Tinto PLC ($A)  $77.82  -$0.41  -0.52%  +3.10%  +13.63%  +9.76%  +13.01% 
CYBG PLC ($A)  $3.59  -$0.12  -3.13%  +13.71%  +8.46%  -22.02%  -35.15% 
Janus Henderson Group PLC ($A)  $32.63  +$0.91  +2.85%  +8.71%  +9.65%  -2.14%  -29.29% 
Resmed Inc ($A)  $13.48  +$0.03  +0.19%  +3.01%  -13.37%  -8.84%  +13.89% 
News Corporation ($A)  $18.05  -$0.34  -1.86%  +1.55%  +5.78%  -3.41%  -13.35% 
Domestic Equities - Comms Close +/- % % % % %
carsales.com  $12.34  +$0.14  +1.15%  -2.14%  +12.18%  +3.09%  -12.61% 
Nine Entertainment  $1.45  +$0.01  +1.05%  -0.34%  +5.07%  -13.69%  -11.59% 
REA Group  $77.94  +$1.99  +2.62%  +2.93%  +5.28%  +7.34%  +9.51% 
Telstra  $3.19  +$0.00  +0.00%  +2.57%  +11.93%  +3.24%  -8.86% 
TPG Telecom  $7.29  +$0.09  +1.25%  +4.29%  +13.91%  -3.32%  +18.54% 
Domestic Equities - Disc. Close +/- % % % % %
Aristocrat Leisure  $25.30  -$0.33  -1.29%  +2.72%  +15.47%  -7.36%  +7.25% 
Crown Resorts  $12.20  +$0.12  +0.99%  +2.09%  +3.21%  +3.74%  -7.01% 
Domino's  $47.25  -$0.16  -0.34%  +3.85%  +12.98%  -15.14%  +0.17% 
Flight Centre  $43.75  -$0.15  -0.34%  +1.67%  +3.28%  -3.42%  -13.21% 
JB Hi-Fi  $22.82  +$0.12  +0.53%  +2.01%  +8.36%  -3.22%  -16.56% 
Star Entertainment  $4.56  +$0.06  +1.33%  +2.70%  +3.17%  -0.65%  -27.16% 
Tabcorp  $4.81  +$0.04  +0.84%  +3.44%  +12.12%  +3.44%  -5.87% 
Wesfarmers  $33.43  +$0.42  +1.27%  +3.79%  +3.76%  -0.41%  +13.25% 
Domestic Equities - Staples Close +/- % % % % %
a2 Milk  $12.54  +$0.11  +0.88%  +3.81%  +19.66%  +30.90%  +53.68% 
Coca-Cola Amatil  $8.28  -$0.19  -2.24%  -1.43%  +1.10%  -17.61%  +0.85% 
Coles  $12.27  -$0.14  -1.13%  -1.92%  +4.78% 
Treasury Wine Estates  $16.82  +$0.57  +3.51%  +8.87%  +16.72%  +8.52%  -1.69% 
Woolworths  $30.10  +$0.18  +0.60%  +2.49%  +1.69%  +3.61%  +12.48% 
Domestic Equities - Energy Close +/- % % % % %
Caltex  $27.47  -$0.10  -0.36%  +2.35%  +6.10%  +1.25%  -20.26% 
Origin Energy  $7.45  +$0.12  +1.64%  +4.05%  +11.03%  +3.62%  -16.76% 
Oil Search  $8.00  +$0.09  +1.14%  +2.43%  +8.11%  +3.76%  +5.82% 
Santos  $6.64  +$0.10  +1.53%  +2.63%  +14.68%  +2.47%  +32.01% 
Whitehaven Coal  $4.92  +$0.01  +0.20%  -0.61%  +10.31%  +0.00%  +4.02% 
WorleyParsons  $14.59  +$0.20  +1.39%  +5.12%  +19.39%  -6.11%  +5.38% 
Woodside Petroleum  $34.72  +$0.40  +1.17%  +1.17%  +7.43%  +1.97%  +7.69% 
Domestic Equities - Financials Close +/- % % % % %
AMP  $2.47  +$0.06  +2.49%  +9.29%  -1.59%  -6.79%  -50.89% 
ANZ  $26.86  +$0.45  +1.70%  +7.31%  +9.23%  +1.55%  -3.28% 
ASX  $67.20  +$0.80  +1.20%  +5.48%  +9.27%  +11.81%  +23.39% 
Bendigo & Adelaide Bank  $11.33  +$0.10  +0.89%  +5.10%  +5.30%  +8.63%  +1.34% 
Bank of Queensland  $10.65  +$0.19  +1.82%  +4.72%  +8.56%  +8.56%  -11.10% 
Commonwealth Bank of Australia  $74.06  +$1.46  +2.01%  +5.94%  +2.05%  +6.79%  -3.56% 
Challenger  $7.96  +$0.23  +2.98%  +9.94%  -13.85%  -21.03%  -37.96% 
CYBG PLC  $3.76  +$0.57  +17.87%  +14.63%  +11.57%  -18.44%  -31.26% 
Insurance Australia Group  $7.61  +$0.00  +0.00%  +7.33%  +10.13%  +7.33%  +4.17% 
IOOF  $5.36  +$0.07  +1.32%  +6.56%  +0.94%  -24.61%  -48.26% 
Janus Henderson Group  $32.36  +$1.47  +4.76%  +7.58%  +10.07%  -3.08%  -29.28% 
Magellan Financial Group  $28.92  +$0.32  +1.12%  +1.33%  +22.91%  +6.60%  +11.23% 
Medibank Private  $2.74  +$0.00  +0.00%  +4.58%  +7.87%  -2.49%  -8.97% 
Macquarie Group  $123.09  +$2.53  +2.10%  +5.67%  +11.32%  +1.89%  +21.00% 
National Australia Bank  $24.93  +$0.31  +1.26%  +4.48%  +2.93%  -3.63%  -11.72% 
Pendal  $8.17  +$0.14  +1.74%  +8.93%  +6.24%  -0.49%  -23.72% 
QBE Insurance  $11.20  +$0.14  +1.27%  +4.38%  +9.48%  -0.88%  +7.59% 
Suncorp  $13.64  +$0.19  +1.41%  +5.08%  +10.98%  -1.37%  +3.73% 
Westpac  $26.88  +$0.51  +1.93%  +9.49%  +6.58%  -1.10%  -11.29% 
Domestic Equities - H/Care Close +/- % % % % %
Ansell  $24.30  +$0.16  +0.66%  +3.76%  +10.40%  +6.02%  -2.45% 
Cochlear  $197.54  -$0.36  -0.18%  +2.13%  +12.25%  +15.32%  +14.50% 
CSL  $192.60  +$3.78  +2.00%  -1.09%  +2.72%  +2.27%  +35.25% 
Healthscope  $2.47  +$0.01  +0.41%  +4.66%  +10.76%  +23.50%  +31.38% 
Ramsay Health Care  $58.57  +$1.17  +2.04%  +3.26%  +1.79%  +3.15%  -11.42% 
ResMed  $13.53  +$0.22  +1.65%  +3.52%  -12.09%  -6.37%  +14.95% 
Sonic Healthcare  $23.68  +$0.31  +1.33%  +2.87%  +9.68%  +5.95%  -2.83% 
Domestic Equities - Industrials Close +/- % % % % %
ALS  $7.67  +$0.05  +0.66%  +5.79%  +11.97%  -3.76%  +14.99% 
Atlas Arteria  $6.81  +$0.06  +0.89%  +2.41%  +8.79%  +1.04%  +24.50% 
Aurizon Holdings  $4.46  +$0.05  +1.13%  +1.36%  +3.00%  +6.19%  -2.19% 
Brambles  $11.24  +$0.16  +1.44%  +5.64%  +10.74%  +6.04%  +16.36% 
CIMIC  $48.32  +$1.56  +3.34%  +7.83%  +8.76%  +2.87%  +4.00% 
Cleanaway  $1.88  +$0.03  +1.62%  +4.16%  +9.94%  +9.30%  +34.77% 
Downer EDI  $7.21  -$0.35  -4.63%  +0.84%  +5.87%  +1.98%  +9.24% 
Qantas  $5.70  +$0.07  +1.24%  +4.78%  -1.55%  +0.53%  +9.20% 
Qube  $2.85  +$0.06  +2.15%  +5.95%  +11.76%  +14.00%  +15.85% 
Reliance Worldwide  $4.90  +$0.01  +0.20%  +1.87%  +8.65%  -1.01%  +25.37% 
SEEK  $17.67  +$0.36  +2.08%  +4.00%  +4.68%  +0.40%  -9.20% 
Sydney Airport  $6.89  +$0.03  +0.44%  +5.03%  +4.87%  +5.35%  +4.39% 
Transurban  $12.36  +$0.12  +0.98%  +1.56%  +6.64%  +9.38%  +8.33% 
Domestic Equities - Tech Close +/- % % % % %
Computershare  $18.30  +$0.09  +0.49%  +2.98%  +8.09%  -9.32%  +12.34% 
Link Administration  $7.19  +$0.10  +1.41%  +0.70%  +5.74%  -5.15%  -15.31% 
Xero  $46.22  +$1.22  +2.71%  +6.18%  +10.28%  +7.56%  +41.82% 
Domestic Equities - Materials Close +/- % % % % %
Adelaide Brighton  $4.77  +$0.08  +1.71%  +6.71%  +9.40%  -14.36%  -25.00% 
Amcor  $14.26  +$0.20  +1.42%  +4.47%  +6.66%  +6.10%  -2.26% 
Alumina  $2.57  +$0.03  +1.18%  +5.76%  +14.73%  +1.98%  +10.30% 
BHP Group  $35.87  -$0.11  -0.31%  +2.99%  +4.30%  +7.43%  +20.13% 
Boral  $4.76  +$0.03  +0.63%  -3.84%  -3.45%  -15.00%  -37.94% 
BlueScope Steel  $12.53  +$0.07  +0.56%  +0.64%  +5.47%  -10.56%  -14.00% 
DuluxGroup  $6.93  +$0.04  +0.58%  +1.17%  +6.29%  -6.98%  -3.62% 
Evolution Mining  $3.77  -$0.08  -2.08%  -5.99%  -1.57%  +20.83%  +37.59% 
Fortescue Metals  $6.14  +$0.06  +0.99%  +8.67%  +38.29%  +44.13%  +21.83% 
Iluka Resources  $9.14  +$0.05  +0.55%  +5.06%  +20.58%  +2.70%  -5.68% 
Incitec Pivot  $3.42  +$0.04  +1.18%  +3.32%  +0.00%  -18.76%  -4.74% 
James Hardie  $16.93  +$0.50  +3.04%  +10.44%  +12.05%  -14.49%  -25.29% 
Newcrest Mining  $24.55  +$0.04  +0.16%  +0.41%  +5.00%  +16.79%  +12.10% 
Northern Star Resources  $8.28  -$0.17  -2.01%  -5.59%  -11.82%  -5.69%  +45.77% 
Orora  $3.11  -$0.01  -0.32%  -1.58%  +0.00%  -6.61%  -2.81% 
Orica  $18.11  +$0.21  +1.17%  +5.60%  +6.72%  -0.22%  -2.21% 
OZ Minerals  $9.96  -$0.13  -1.29%  +2.05%  +10.67%  +5.40%  +9.93% 
Rio Tinto  $92.20  +$1.22  +1.34%  +5.92%  +16.86%  +13.48%  +17.74% 
South32  $3.70  +$0.17  +4.82%  +4.82%  +9.79%  +1.09%  +0.00% 
Domestic Equities - REITs Close +/- % % % % %
Charter Hall  $8.59  +$0.09  +1.06%  +4.37%  +15.92%  +24.67%  +53.67% 
Dexus  $11.83  -$0.02  -0.17%  +3.05%  +11.71%  +19.49%  +30.43% 
Goodman Group  $11.91  +$0.05  +0.42%  +2.14%  +10.79%  +16.99%  +54.27% 
GPT Group  $5.98  +$0.02  +0.34%  +3.10%  +11.57%  +14.12%  +23.05% 
LendLease  $12.80  +$0.25  +1.99%  +4.66%  +11.89%  -26.10%  -17.26% 
Mirvac  $2.54  +$0.08  +3.25%  +5.83%  +15.45%  +17.05%  +23.90% 
Scentre  $4.08  +$0.06  +1.49%  +2.77%  +5.15%  +2.26%  +3.55% 
Stockland  $3.84  -$0.01  -0.26%  +1.59%  +10.66%  +5.49%  -3.03% 
Unibail-Rodamco-Westfield  $12.20  -$0.09  -0.73%  -0.97%  +10.61%  -2.48%   
Vicinity Centres  $2.63  +$0.01  +0.38%  +0.77%  +4.78%  +0.00%  +1.94% 
Domestic Equities - Utilities Close +/- % % % % %
AGL Energy  $21.10  -$1.06  -4.78%  -1.49%  +1.98%  +16.64%  -6.10% 
APA  $9.41  +$0.17  +1.84%  +2.51%  +5.38%  -1.05%  +17.48% 
AusNet Services  $1.73  +$0.00  +0.00%  +4.85%  +9.84%  +1.17%  +7.12% 
Spark Infrastructure  $2.51  +$0.00  +0.00%  +4.15%  +8.66%  +10.09%  +10.57% 

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