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DAILY RUNG
08/01/2019

A daily feed of market essentials

08.01.2019

Daily Rung

U.S. Stocks pushed higher on Monday after reports senior Chinese officials attended trade negotiations with the U.S. potentially increasing the prospects of a deal between the two countries. The two sides are trying to hash out a deal before the 90-day trade truce ends.

- The Dow Jones Industrial Average finished up around 0.4%, the S&P 500 closed up 0.7% and the Nasdaq Composite Index ended Monday up 1.3%.

- In economic news, the December ISM non-manufacturing index fell to 57.6%, from 60.7%. A reading over 50% is generally considered positive.

Europe: Shares fell back on Monday, after rebounding at the end of last week, as lingering worries about the euro zone economy, Brexit and the US government shutdown offset hopes for a truce between Washington and Beijing over trade. The pan-European STOXX 600 index closed down 0.2%.

Local: The S&P/ASX 200 Index rose 1.1% and the All Ordinaries advanced 1.2%.

- The Australian market rally was driven by the materials sector on Monday after China's central bank announced it was cutting the amount of cash it required banks to hold, increasingly liquidity in the country and potentially slowing the rate of economic decline on the mainland. BHP Group led the market, rising 3%, Rio Tinto climbed 2.7%, Fortescue Metal Group advanced 3.3% and South32 closed 2.7% higher.

Daily Chart

Source: Bloomberg, Escala Partners
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After the strong returns produced in 2017, most developed equity markets declined over the last few months of 2018, leading to negative returns for the calendar year. Australian shares fared relatively well compared to most developed market indices, helped by a strong mining sector and weakening Australian dollar. The US also held up better than many other international markets, helped by solid earnings growth, although faded in December.

Daily Data

Daily Weekly Monthly Quarterly Yearly
Equities Close +/- % % % % %
S&P/ASX 200  5,683.2  +63.8  +1.14%  +0.65%  +0.03%  -8.12%  -7.17% 
S&P/ASX 200 SPI  5,627.0  -4.0  -0.07%  +1.19%  +0.34%  -6.57%  -5.54% 
S&P/ASX 200 Accumulation  59,092.6  +663.7  +1.14%  +0.65%  +0.26%  -7.32%  -3.12% 
Dow Jones  23,531.4  +98.2  +0.42%  +0.87%  -3.52%  -11.02%  -6.98% 
S&P 500  2,549.7  +17.8  +0.70%  +1.71%  -3.17%  -11.64%  -7.05% 
Nasdaq  6,823.5  +84.6  +1.26%  +2.84%  -2.09%  -12.39%  -4.39% 
STOXX 600  342.9  -0.5  -0.15%  +1.55%  -0.74%  -8.91%  -13.71% 
FTSE 100  6,810.9  -26.5  -0.39%  +1.23%  +0.48%  -6.94%  -11.82% 
DAX  10,747.8  -19.9  -0.18%  +1.79%  -0.37%  -11.26%  -19.31% 
CAC 40  4,719.2  -17.9  -0.38%  -0.24%  -1.95%  -11.95%  -13.74% 
Nikkei 225  20,039.0  +477.0  +2.44%  +0.12%  -7.56%  -15.75%  -15.50% 
TOPIX  1,512.5  +41.4  +2.81%  +1.23%  -6.66%  -15.63%  -19.56% 
Hang Seng  25,835.7  +209.7  +0.82%  -0.04%  -0.88%  -2.77%  -16.16% 
Shanghai CSI 300  3,054.3  +18.4  +0.61%  +1.45%  -4.00%  -11.18%  -26.20% 
NZ 50  8,806.0  +62.3  +0.71%  -0.06%  +0.44%  -4.44%  +4.15% 
S&P 500 Sectors Close +/- % % % % %
Consumer Discretionary  817.4  +18.8  +2.36%  +4.59%  -0.02%  -8.90%  +0.80% 
Consumer Staples  525.5  -1.5  -0.28%  +0.70%  -5.93%  -4.43%  -10.63% 
Energy  449.1  +5.7  +1.29%  +5.91%  -4.71%  -21.39%  -18.99% 
Financials  403.5  +0.9  +0.23%  +1.91%  -2.88%  -13.25%  -14.50% 
Health Care  998.9  +4.1  +0.41%  -0.23%  -4.51%  -8.56%  +1.17% 
Industrials  552.6  +3.7  +0.68%  +1.92%  -3.00%  -16.79%  -15.72% 
Information Technology  1,088.6  +9.3  +0.86%  +0.03%  -3.63%  -15.78%  -5.57% 
Materials  322.4  +1.0  +0.32%  +1.82%  -0.31%  -10.76%  -18.21% 
Real Estate  192.3  +1.5  +0.79%  -0.01%  -8.17%  -2.04%  -3.80% 
Communication Services  145.2  +1.1  +0.76%  +4.63%  +1.05%  -7.49%  -11.42% 
Utilities  266.1  -1.9  -0.71%  -0.94%  -6.46%  -2.26%  +2.07% 
Commodities Close +/- % % % % %
Oil (WTI)  $48.68  +$0.72  1.50%  +7.20%  -7.82%  -34.26%  -16.46% 
Oil (Brent)  $57.56  +$0.50  +0.88%  +6.99%  -6.94%  -30.91%  -9.14% 
Gold  $1,288.65  +$2.60  +0.20%  +0.48%  +3.15%  +7.06%  -2.34% 
Silver  $15.65  -$0.05  -0.33%  +0.98%  +6.98%  +6.92%  -9.15% 
Iron Ore  $74.15  +$1.06  +1.45%  +7.15%  +11.07%  +7.09%  -1.64% 
Coking Coal  $173.41  +$1.99  +1.16%  +1.51%  -17.10%  -5.32%  -16.69% 
Thermal Coal  $99.05  -$0.45  -0.45%  -2.94%  -3.41%  -13.49%  -5.94% 
Copper  $2.69  +$0.00  +0.08%  -0.70%  -3.61%  -4.05%  -16.82% 
Aluminium  $0.85  +$0.01  +0.72%  +0.54%  -3.91%  -11.81%  -14.71% 
Nickel  $5.06  +$0.02  +0.41%  +7.80%  +2.25%  -11.61%  -10.94% 
Lead  $0.89  +$0.00  +0.15%  -1.14%  -2.11%  -2.20%  -23.11% 
Tin  $8.96  +$0.09  +1.02%  +4.61%  +3.95%  +4.08%  -1.13% 
Zinc  $1.13  +$0.03  +2.46%  +0.52%  -3.44%  -5.20%  -25.52% 
Interest Rates Close +/- % +/- +/- +/- +/-
RBA Cash Rate  1.50%  +0.000%     +0.000%  0.000%  0.000%  0.000% 
90 Day Bank Bill  2.06%  +0.000%     -0.030%  0.070%  0.133%  0.266% 
180 Day Bank Bill  2.18%  +0.000%     -0.045%  0.040%  0.070%  0.190% 
Australian 3 Year Bond  1.79%  +0.023%     -0.063%  -0.122%  -0.231%  -0.284% 
Australian 10 Year Bond  2.27%  +0.036%     -0.048%  -0.175%  -0.444%  -0.368% 
US 10 Year Bond  2.70%  +0.028%     +0.012%  -0.149%  -0.537%  0.220% 
US 30 Year Bond  2.99%  +0.011%     -0.023%  -0.149%  -0.412%  +0.181% 
iTraxx  93.71  -2.54     -1.3  +2.1  +18.5  +39.9 
Currencies Close +/- % % % % %
AUD/USD  0.715  +0.004  +0.51%  +1.42%  -0.82%  +1.38%  -9.09% 
AUD/JPY  77.73  +0.56  +0.73%  +0.55%  -4.28%  -3.08%  -12.57% 
AUD/EUR  0.623  -0.001  -0.19%  +1.35%  -1.60%  +1.80%  -4.70% 
AUD/GBP  0.56  +0.00  +0.11%  +1.27%  -1.08%  +4.12%  -3.42% 
AUD/NZD  1.059  +0.002  +0.20%  +0.83%  +0.96%  -3.28%  -3.56% 
EUR/USD  1.15  +0.01  +0.70%  +0.07%  +0.84%  -0.43%  -4.61% 
GBP/USD  1.277  +0.005  +0.39%  +0.15%  +0.37%  -2.64%  -5.88% 
USD/JPY  108.74  +0.23  +0.21%  -0.87%  -3.51%  -4.38%  -3.81% 
USD/CNY  6.851  -0.018  -0.26%  -0.40%  -0.34%  -0.26%  +5.59% 
Other Indicators Close +/- % % % % %
VIX  21.40  +0.02  +0.09%  -15.81%  -7.88%  +44.40%  +132.10% 
Australian DLCs Close +/- % % % % %
BHP Billiton PLC ($A)  $30.11  +$0.26  +0.86%  +0.75%  +11.01%  -1.05%  +11.74% 
Rio Tinto PLC ($A)  $68.45  +$0.60  +0.88%  +1.42%  +8.05%  -1.74%  +0.18% 
CYBG PLC ($A)  $3.31  -$0.09  -2.58%  +0.98%  -1.20%  -42.03%  -41.22% 
Janus Henderson Group PLC ($A)  $29.75  +$0.51  +1.74%  +1.22%  +1.45%  -18.90%  -41.05% 
Resmed Inc ($A)  $15.56  +$0.07  +0.43%  -3.69%  +1.95%  -0.09%  +39.52% 
News Corporation ($A)  $17.07  +$0.25  +1.49%  +4.15%  -3.22%  -11.77%  -21.98% 

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