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DAILY RUNG
11/01/2019

A daily feed of market essentials

11.01.2019

Daily Rung

U.S. Stocks rose Thursday after dipping briefly following Federal Reserve Chairman Jerome Powell’s remarks about shrinking the central bank’s balance sheet. Treasury yields advanced with the dollar, and West Texas crude continued its bull market surge past $52 a barrel.

- The S&P 500 Index rallied as gains in utilities, industrials and real estate shares overwhelmed weakness in retailers sparked by concerns about a sales slowdown and fears about the potential consequences of the ongoing partial government shutdown.

Europe: All major European indexes fell Thursday, but were off their worst levels after weak economic data from China and the latest breakdown in talks over the U.S. government shutdown combined to spook investors.

- In the U.K., an alliance of MPs came together on Wednesday to force key amendments for the preparation of a possible no deal’ Brexit from the European Union. The amendments require Prime Minister Theresa May to produce a plan B for Brexit within three days if she loses the crucial Jan. 15 parliamentary vote on her proposed exit deal.

Local: Australian shares rallied late on Thursday to close higher for a fourth straight session, the market's best run since early November.

- The S&P/ASX 200 Index closed 0.3%, higher while the broader All Ordinaries climbed 0.3%.

- The major banks rallied from a fall in the middle of the day to close the session slightly higher. Commonwealth Bank rose 0.2%, Westpac climbed 0.4%, ANZ advanced 0.6% and NAB closed 0.1%.

- A strong jump in the price of crude oil on Wednesday lifted energy stocks during early trade on Thursday, however they pared their gains later in the session as prices fell.

Daily Chart

Source: Bloomberg, Escala Partners
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After a sharp correction in the first three weeks of December, global equities have staged a recovery, with a strong start to 2019. Among the key catalysts have been a more dovish Fed, a strong US jobs report and growing optimism around a trade deal between China and the US. Since November, the ASX 200 has fared better than its global counterparts, recording a slight rise over the period.

Daily Data

Daily Weekly Monthly Quarterly Yearly
Equities Close +/- % % % % %
S&P/ASX 200  5,795.3  +17.0  +0.29%  +2.87%  +4.37%  -4.21%  -4.94% 
S&P/ASX 200 SPI  5,749.0  +14.0  +0.24%  +3.36%  +3.90%  -0.38%  -2.41% 
S&P/ASX 200 Accumulation  60,258.0  +176.6  +0.29%  +2.87%  +4.61%  -3.37%  -0.79% 
Dow Jones  24,001.9  +122.8  +0.51%  +5.80%  -1.73%  -6.24%  -5.39% 
S&P 500  2,596.6  +11.7  +0.45%  +6.08%  -1.56%  -6.79%  -5.52% 
Nasdaq  6,986.1  +29.0  +0.42%  +8.08%  -0.49%  -5.87%  -2.34% 
STOXX 600  348.9  +1.2  +0.34%  +4.48%  +2.92%  -4.92%  -12.47% 
FTSE 100  6,942.9  +36.2  +0.52%  +3.74%  +3.29%  -2.84%  -10.40% 
DAX  10,921.6  +28.3  +0.26%  +4.85%  +2.82%  -6.75%  -17.77% 
CAC 40  4,805.7  -7.9  -0.16%  +4.21%  +1.33%  -7.69%  -12.70% 
Nikkei 225  20,163.8  -263.3  -1.29%  +0.74%  -4.98%  -14.22%  -15.24% 
TOPIX  1,522.0  -13.1  -0.85%  +1.87%  -4.26%  -13.71%  -19.56% 
Hang Seng  26,521.4  +59.1  +0.22%  +5.81%  +2.99%  +1.25%  -14.65% 
Shanghai CSI 300  3,072.7  -5.8  -0.19%  +3.64%  -2.29%  -6.37%  -26.98% 
NZ 50  8,919.2  -28.1  -0.31%  +2.14%  +2.99%  -1.45%  +6.63% 
S&P 500 Sectors Close +/- % % % % %
Consumer Discretionary  828.6  -1.9  -0.23%  +7.39%  +1.22%  -3.88%  +1.99% 
Consumer Staples  528.7  +3.2  +0.61%  +2.47%  -5.38%  -3.73%  -9.69% 
Energy  461.2  +1.5  +0.33%  +7.73%  -0.55%  -17.06%  -16.95% 
Financials  406.0  +0.5  +0.12%  +4.18%  -0.88%  -10.17%  -15.18% 
Health Care  1,014.0  +2.5  +0.24%  +4.99%  -3.38%  -4.98%  +2.11% 
Industrials  572.0  +8.1  +1.44%  +8.23%  +0.16%  -9.57%  -13.67% 
Information Technology  1,117.1  +5.1  +0.46%  +8.05%  -2.50%  -8.48%  -2.90% 
Materials  328.8  +2.8  +0.87%  +6.31%  +1.36%  -3.34%  -16.02% 
Real Estate  198.0  +3.0  +1.55%  +4.79%  -5.09%  +0.75%  +1.13% 
Communication Services  147.3  +0.3  +0.20%  +6.35%  +1.72%  -2.00%  -7.77% 
Utilities  271.4  +3.8  +1.41%  +2.79%  -4.86%  -0.95%  +5.38% 
Commodities Close +/- % % % % %
Oil (WTI)  $52.53  +$0.17  0.32%  +11.55%  +2.60%  -27.86%  -11.76% 
Oil (Brent)  $61.52  +$0.08  +0.13%  +9.96%  +2.36%  -25.09%  -4.75% 
Gold  $1,286.52  -$7.04  -0.54%  -0.60%  +3.38%  +7.68%  -2.31% 
Silver  $15.57  -$0.18  -1.15%  -1.08%  +7.17%  +8.90%  -8.27% 
Iron Ore  $73.98  -$0.08  -0.11%  +2.42%  +11.23%  +5.10%  -4.42% 
Coking Coal  $175.44  +$0.71  +0.41%  +3.67%  -15.99%  -10.35%  -16.47% 
Thermal Coal  $97.70  -$0.10  -0.10%  -1.91%  -4.82%  -9.87%  -6.69% 
Copper  $2.69  -$0.01  -0.47%  +3.38%  -2.61%  -4.95%  -17.10% 
Aluminium  $0.84  +$0.00  +0.46%  +0.45%  -3.97%  -9.09%  -14.71% 
Nickel  $5.10  +$0.00  +0.00%  +6.54%  +4.17%  -11.28%  -13.03% 
Lead  $0.90  +$0.00  +0.25%  +0.75%  +1.31%  +3.46%  -22.51% 
Tin  $9.14  +$0.03  +0.37%  +9.94%  +6.28%  +5.86%  +0.37% 
Zinc  $1.12  -$0.01  -1.24%  +1.43%  -4.43%  -6.39%  -26.23% 
Interest Rates Close +/- % +/- +/- +/- +/-
RBA Cash Rate  1.50%  +0.000%     +0.000%  0.000%  0.000%  0.000% 
90 Day Bank Bill  2.05%  +0.000%     -0.010%  0.060%  0.120%  0.248% 
180 Day Bank Bill  2.17%  +0.000%     -0.010%  0.030%  0.070%  0.180% 
Australian 3 Year Bond  1.82%  -0.010%     +0.095%  -0.095%  -0.247%  -0.287% 
Australian 10 Year Bond  2.32%  -0.010%     +0.142%  -0.124%  -0.431%  -0.402% 
US 10 Year Bond  2.73%  +0.020%     +0.176%  -0.128%  -0.433%  0.173% 
US 30 Year Bond  3.05%  +0.044%     +0.144%  -0.083%  -0.301%  +0.148% 
iTraxx  89.31  -0.26     -9.7  -4.5  +12.1  +36.2 
Currencies Close +/- % % % % %
AUD/USD  0.718  +0.001  +0.18%  +2.53%  -0.10%  +1.81%  -8.42% 
AUD/JPY  77.91  +0.36  +0.46%  +3.29%  -4.38%  -1.63%  -10.85% 
AUD/EUR  0.625  +0.004  +0.56%  +1.61%  -1.33%  +2.01%  -4.83% 
AUD/GBP  0.56  +0.00  +0.52%  +1.61%  -1.53%  +5.40%  -2.94% 
AUD/NZD  1.059  +0.003  +0.27%  +1.22%  +1.24%  -3.16%  -2.75% 
EUR/USD  1.15  -0.00  -0.39%  +0.91%  +1.25%  -0.19%  -3.77% 
GBP/USD  1.275  -0.004  -0.34%  +0.93%  +1.47%  -3.41%  -5.63% 
USD/JPY  108.46  +0.29  +0.27%  +0.72%  -4.30%  -3.39%  -2.67% 
USD/CNY  6.789  -0.027  -0.40%  -1.22%  -1.78%  -1.96%  +4.31% 
Other Indicators Close +/- % % % % %
VIX  19.50  -0.48  -2.40%  -23.38%  -13.87%  -15.07%  +98.57% 
Australian DLCs Close +/- % % % % %
BHP Billiton PLC ($A)  $28.68  -$1.77  -5.81%  -0.21%  +7.33%  -2.52%  +4.14% 
Rio Tinto PLC ($A)  $68.89  -$0.77  -1.10%  +4.89%  +11.79%  +1.03%  -2.18% 
CYBG PLC ($A)  $3.34  -$0.03  -0.94%  +4.23%  +5.13%  -37.80%  -41.11% 
Janus Henderson Group PLC ($A)  $29.78  +$0.16  +0.52%  +1.23%  +5.47%  -13.08%  -41.23% 
Resmed Inc ($A)  $16.06  +$0.09  +0.55%  +5.70%  +2.31%  +9.86%  +44.65% 
News Corporation ($A)  $17.22  -$0.03  -0.18%  +5.28%  -3.19%  -7.68%  -21.24% 

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