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DAILY RUNG
10/05/2019

A daily feed of market essentials

10.05.2019

Daily Rung

US:  U.S. stocks fell Thursday in a volatile session as the fate of a trade deal between Washington and Beijing hung in the balance.

Stocks finished well off of their lows, paring losses after President Trump said it was still possible for the U.S. and China to come together on a trade deal this week. The Dow Jones Industrial Average had slid nearly 450 points earlier in the session amid reports that the U.S. and China were still far away from an agreement heading into negotiations.

Chipmakers, sensitive to higher tariffs, took a hit on Thursday as Nvidia and Micron dropped about 2.1% and 1.2% respectively. The VanEck Vectors Semiconductor ETF is down 6% this week so far, posting their worst week of the year. Apple and Boeing also fell more than 1%.

EUROPE: The Stoxx Europe 600 index finished down 1.65% on Thursday, the largestone-day point decline since Dec. 10, 2018.  All sectors and major bourses were in negative territory, with the French CAC index recorded a 2% loss.

Europe's autos sector, heavily exposed to China, saw a sharp downturn on Thursday, trading 2.96% lower on the back of intensified U.S.-Sino trade frictions.

German automotive supplier Continental's stock dipped 5.5%, while auto parts supplier Hella's shares were down 5% as the sector came under pressure.

LOCAL: Australian shares closed firmly higher on Thursday as investors positioned themselves ahead of crucial talks between the US and China.

Qantas lifted 2.2% to $5.56 after the airline told investors it was eyeing a record revenue result for the full year.

GrainCorp sank 4.3% to $7.63 following a disappointing half year result which prompted the company to cancel its interim dividend.

In financials, Westpac shed 0.3% to $27.06 while ANZ edged up 0.2% to $27.65. NAB put on 0.4% to $25.91 while Commonwealth Bank lifted 0.6% to $75.71.

 

Daily Chart

Source: Bloomberg, Escala Partners
Enlarge

Most commodity prices have risen in the first few months of 2019, with a rebound in oil and a spike in iron ore on supply disruption the most notable. Thermal coal is the key commodity to have lagged, with lower import demand from China weighing on the price.

Daily Data

Daily Weekly Monthly Quarterly Yearly
Equities Close +/- % % % % %
S&P/ASX 200  6,295.3  +26.2  +0.42%  -0.68%  +1.18%  +3.69%  +3.07% 
S&P/ASX 200 SPI  6,263.0  -9.0  -0.14%  -0.89%  +0.89%  +4.44%  +4.89% 
S&P/ASX 200 Accumulation  66,332.6  +275.9  +0.42%  -0.68%  +1.21%  +5.07%  +7.64% 
Dow Jones  25,828.4  -139.0  -0.54%  -1.82%  -1.23%  +2.88%  +5.24% 
S&P 500  2,870.7  -8.7  -0.30%  -1.60%  -0.26%  +6.01%  +6.41% 
Nasdaq  7,910.6  -32.7  -0.41%  -1.57%  +0.02%  +8.39%  +7.78% 
STOXX 600  375.9  -6.3  -1.65%  -3.32%  -2.53%  +4.99%  -4.21% 
FTSE 100  7,207.4  -63.6  -0.87%  -1.96%  -2.94%  +1.93%  -5.94% 
DAX  11,973.9  -206.0  -1.69%  -3.01%  +1.04%  +9.78%  -7.49% 
CAC 40  5,313.2  -104.4  -1.93%  -4.07%  -2.27%  +7.08%  -4.00% 
Nikkei 225  21,402.1  -200.5  -0.93%  -3.85%  -1.84%  +5.26%  -4.49% 
TOPIX  1,550.7  -21.6  -1.38%  -4.15%  -4.20%  +0.73%  -12.53% 
Hang Seng  28,311.1  -692.1  -2.39%  -5.45%  -6.12%  +1.31%  -7.29% 
Shanghai CSI 300  3,599.7  -67.8  -1.85%  -8.01%  -11.67%  +10.85%  -7.02% 
NZ 50  10,104.4  +41.3  +0.41%  +0.18%  +3.24%  +10.11%  +17.22% 
S&P 500 Sectors Close +/- % % % % %
Consumer Discretionary  929.8  -4.0  -0.43%  -1.21%  +0.47%  +10.23%  +12.02% 
Consumer Staples  581.4  -1.3  -0.21%  -0.80%  +1.00%  +5.22%  +15.15% 
Energy  471.3  +0.3  +0.07%  +0.16%  -5.07%  +1.60%  -16.04% 
Financials  452.7  -0.6  -0.14%  -1.96%  +3.31%  +6.38%  -2.65% 
Health Care  1,027.8  -2.1  -0.21%  -0.71%  -3.13%  -1.21%  +10.00% 
Industrials  639.3  -1.3  -0.20%  -1.97%  +0.32%  +4.09%  +2.69% 
Information Technology  1,331.9  -9.1  -0.68%  -2.83%  +0.09%  +11.84%  +9.72% 
Materials  340.4  -2.8  -0.80%  -3.10%  -5.28%  +3.06%  -6.97% 
Real Estate  220.9  +0.7  +0.33%  -1.18%  -1.68%  +2.96%  +14.15% 
Telecommunications  164.0  -0.3  -0.18%  -0.94%  +1.15%  +8.07%  +16.34% 
Utilities  288.5  -0.3  -0.09%  -1.77%  -1.63%  +2.18%  +14.85% 
Commodities Close +/- % % % % %
Oil (WTI)  $61.70  -$0.42  -0.68%  -0.18%  -3.53%  +14.22%  -5.19% 
Oil (Brent)  $70.29  -$0.08  -0.11%  -0.65%  +0.19%  +13.50%  -1.50% 
Gold  $1,284.08  +$3.20  +0.25%  +1.05%  -1.54%  -2.30%  -2.18% 
Silver  $14.76  -$0.08  -0.52%  +0.91%  -3.02%  -6.71%  -10.50% 
Iron Ore  $94.24  +$0.05  +0.05%  +0.68%  +1.64%  +2.29%  +42.36% 
Coking Coal  $199.27  -$2.56  -1.27%  -0.74%  -0.89%  +5.42%  +2.74% 
Thermal Coal  $87.50  -$1.15  -1.30%  +0.34%  +2.46%  -7.41%  -12.32% 
Copper  $2.77  -$0.02  -0.75%  -1.05%  -5.93%  -1.74%  -10.40% 
Aluminium  $0.82  +$0.00  +0.11%  -0.28%  -4.21%  -4.36%  -23.96% 
Nickel  $5.34  -$0.08  -1.39%  -5.61%  -10.75%  -6.30%  -15.42% 
Lead  $0.83  -$0.02  -2.47%  -0.65%  -7.11%  -11.78%  -19.94% 
Tin  $8.74  -$0.07  -0.85%  -0.24%  -7.74%  -8.50%  -8.76% 
Zinc  $1.18  -$0.02  -1.45%  -1.96%  -8.77%  -3.48%  -15.15% 
Interest Rates Close +/- % +/- +/- +/- +/-
RBA Cash Rate  1.50%  +0.000%     +0.00%  +0.00%  +0.00%  +0.00% 
90 Day Bank Bill  1.65%  +0.009%     +0.10%  -0.06%  -0.36%  -0.31% 
180 Day Bank Bill  1.67%  +0.000%     +0.07%  -0.11%  -0.48%  -0.40% 
Australian 3 Year Bond  1.27%  -0.013%     -0.01%  -0.16%  -0.33%  -0.89% 
Australian 10 Year Bond  1.71%  -0.022%     -0.07%  -0.19%  -0.39%  -1.07% 
US 10 Year Bond  2.44%  -0.041%     -0.10%  -0.06%  -0.19%  -0.56% 
US 30 Year Bond  2.86%  -0.032%     -0.07%  -0.05%  -0.12%  -0.30% 
iTraxx  72.48  +1.75     +5.72  +1.12  -4.48  +5.13 
Currencies Close +/- % % % % %
AUD/USD  0.699  +0.000  +0.01%  -0.16%  -1.90%  -1.40%  -6.35% 
AUD/JPY  76.72  -0.23  -0.30%  -1.73%  -3.10%  -1.38%  -6.30% 
AUD/EUR  0.623  -0.001  -0.21%  -0.54%  -1.47%  -0.45%  -1.00% 
AUD/GBP  0.54  -0.00  -0.02%  +0.01%  -1.57%  -1.88%  -2.45% 
AUD/NZD  1.061  -0.002  -0.22%  +0.26%  +0.39%  +0.86%  -0.70% 
EUR/USD  1.12  +0.00  +0.21%  +0.38%  -0.43%  -0.95%  -5.37% 
GBP/USD  1.301  +0.001  +0.06%  -0.14%  -0.29%  +0.54%  -3.93% 
USD/JPY  109.74  -0.36  -0.33%  -1.59%  -1.26%  +0.01%  +0.00% 
USD/CNY  6.827  +0.045  +0.66%  +1.38%  +1.72%  +1.22%  +7.31% 
Other Indicators Close +/- % % % % %
VIX  19.10  -0.30  -1.55%  +32.45%  +33.75%  +21.50%  +42.32% 
Australian DLCs Close +/- % % % % %
BHP Billiton PLC ($A)  $32.27  -$0.56  -1.71%  -1.66%  -9.18%  +3.74%  +8.90% 
Rio Tinto PLC ($A)  $81.36  -$0.93  -1.13%  +0.26%  -5.84%  +4.45%  +8.57% 
CYBG PLC ($A)  $3.57  -$0.07  -1.99%  -5.89%  -3.91%  +1.65%  -38.22% 
Janus Henderson Group PLC ($A)  $32.19  -$0.00  -0.01%  -4.02%  -5.19%  +0.52%  -26.93% 
Resmed Inc ($A)  $16.03  +$0.09  +0.55%  +6.13%  +12.69%  +17.38%  +21.89% 
News Corporation ($A)  $16.68  +$0.07  +0.42%  -5.59%  -5.90%  -6.67%  -25.22% 
Domestic Equities - Comms Close +/- % % % % %
carsales.com  $13.71  +$0.18  +1.33%  +2.08%  +5.79%  +12.84%  -3.86% 
Nine Entertainment  $1.85  +$0.02  +1.09%  -2.12%  +9.79%  +29.37%  -21.94% 
REA Group  $81.14  +$0.76  +0.95%  +0.45%  +8.30%  +9.56%  -2.97% 
Telstra  $3.38  +$0.09  +2.74%  +0.60%  +2.42%  +4.32%  +4.00% 
TPG Telecom  $6.05  -$0.02  -0.33%  -10.37%  -12.06%  -17.35%  +5.40% 
Domestic Equities - Disc. Close +/- % % % % %
Aristocrat Leisure  $25.74  +$0.24  +0.94%  -2.05%  -0.39%  +4.63%  -5.68% 
Crown Resorts  $13.41  +$0.02  +0.15%  +1.28%  -4.56%  +9.83%  +0.75% 
Domino's  $40.72  +$0.02  +0.05%  -3.12%  -5.39%  -13.86%  -3.80% 
Flight Centre  $39.44  +$0.83  +2.15%  +1.78%  -8.83%  -10.61%  -34.30% 
JB Hi-Fi  $25.44  +$0.17  +0.67%  +0.51%  +3.96%  +12.67%  +12.02% 
Star Entertainment  $4.34  +$0.00  +0.00%  -3.13%  -2.91%  -5.24%  -19.03% 
Tabcorp  $4.63  +$0.03  +0.65%  -3.14%  -5.12%  -3.54%  +8.18% 
Wesfarmers  $36.25  +$0.17  +0.47%  +1.68%  +6.18%  +8.86%  +14.28% 
Domestic Equities - Staples Close +/- % % % % %
a2 Milk  $15.11  -$0.13  -0.85%  -2.14%  +9.41%  +21.17%  +26.13% 
Coca-Cola Amatil  $8.82  +$0.04  +0.46%  -0.79%  +5.00%  +5.76%  -5.57% 
Coles  $12.71  -$0.03  -0.24%  +0.87%  +3.84% 
Treasury Wine Estates  $15.07  -$0.03  -0.20%  -12.13%  +0.80%  -7.66%  -23.23% 
Woolworths  $32.84  +$0.19  +0.58%  +1.89%  +8.85%  +8.17%  +14.99% 
Domestic Equities - Energy Close +/- % % % % %
Caltex  $25.73  +$0.05  +0.19%  -4.21%  -4.81%  -5.72%  -15.45% 
Origin Energy  $7.44  +$0.04  +0.54%  -2.87%  +1.78%  +2.90%  -25.15% 
Oil Search  $7.57  +$0.13  +1.75%  -1.94%  -7.12%  -1.94%  -6.43% 
Santos  $6.96  +$0.13  +1.90%  -2.25%  -0.85%  +9.61%  +11.36% 
Whitehaven Coal  $4.20  +$0.05  +1.20%  -0.94%  +8.53%  -11.95%  -11.21% 
WorleyParsons  $13.73  +$0.26  +1.93%  -4.12%  -8.16%  -2.83%  -11.71% 
Woodside Petroleum  $35.43  +$0.59  +1.69%  +0.54%  -0.20%  +3.78%  +9.52% 
Domestic Equities - Financials Close +/- % % % % %
AMP  $2.21  +$0.03  +1.38%  -1.78%  +1.38%  -9.43%  -45.83% 
ANZ  $27.65  +$0.06  +0.22%  +1.39%  +7.80%  +2.83%  -1.07% 
ASX  $75.26  +$0.54  +0.72%  -0.37%  +6.48%  +11.98%  +21.49% 
Bendigo & Adelaide Bank  $10.52  +$0.04  +0.38%  +1.64%  +7.02%  -5.65%  -2.77% 
Bank of Queensland  $8.98  +$0.00  +0.00%  +1.13%  -4.77%  -15.76%  -11.87% 
Commonwealth Bank of Australia  $75.17  +$0.43  +0.58%  +0.41%  +7.00%  +0.56%  +5.27% 
Challenger  $8.12  +$0.28  +3.57%  -2.05%  +5.45%  +2.01%  -35.14% 
CYBG PLC  $3.61  -$0.02  -0.55%  -4.24%  -2.96%  +1.12%  -37.65% 
Insurance Australia Group  $7.96  +$0.06  +0.76%  -0.38%  +4.74%  +5.15%  -4.56% 
IOOF  $5.94  +$0.00  +0.00%  -4.19%  -5.86%  +13.14%  -37.14% 
Janus Henderson Group  $31.95  +$0.27  +0.85%  -9.31%  -9.13%  -1.39%  -26.80% 
Magellan Financial Group  $44.13  +$0.06  +0.14%  -1.21%  +13.21%  +51.34%  +81.46% 
Medibank Private  $2.93  +$0.05  +1.74%  +1.38%  +10.98%  +7.33%  -2.33% 
Macquarie Group  $124.37  +$0.34  +0.27%  -8.69%  -4.62%  +2.30%  +10.19% 
National Australia Bank  $25.91  +$0.09  +0.35%  +0.82%  +5.37%  +4.69%  -9.78% 
Pendal  $7.53  +$0.02  +0.27%  -6.34%  -19.29%  -6.58%  -18.15% 
QBE Insurance  $12.84  +$0.07  +0.55%  -0.85%  +4.22%  +14.23%  +25.88% 
Suncorp  $13.58  +$0.06  +0.44%  +0.74%  +1.95%  -0.22%  -3.35% 
Westpac  $27.06  -$0.08  -0.29%  -1.28%  +4.72%  +1.01%  -9.04% 
Domestic Equities - H/Care Close +/- % % % % %
Ansell  $26.71  +$0.03  +0.11%  -1.58%  +4.01%  +8.89%  +0.60% 
Cochlear  $193.72  +$1.70  +0.89%  +1.25%  +12.24%  -2.58%  -0.26% 
CSL  $197.16  -$0.09  -0.05%  -2.03%  -2.20%  +1.35%  +13.81% 
Healthscope  $2.45  +$0.00  +0.00%  -0.41%  +0.00%  -0.81%  -1.21% 
Ramsay Health Care  $63.17  -$0.88  -1.37%  -1.73%  -0.64%  +7.60%  -3.31% 
ResMed  $15.90  -$0.06  -0.38%  +7.43%  +11.89%  +15.72%  +21.37% 
Sonic Healthcare  $26.23  +$0.02  +0.08%  +0.69%  +6.02%  +10.72%  +10.91% 
Domestic Equities - Industrials Close +/- % % % % %
ALS  $8.05  +$0.12  +1.51%  -0.25%  +1.26%  +5.92%  -1.71% 
Atlas Arteria  $7.07  +$0.12  +1.73%  -0.84%  +1.29%  +3.36%  +11.87% 
Aurizon Holdings  $4.89  +$0.03  +0.62%  +2.95%  +7.24%  +10.38%  +10.63% 
Brambles  $12.19  +$0.24  +2.01%  +0.25%  +3.83%  +9.43%  +22.27% 
CIMIC  $45.35  +$0.61  +1.36%  -10.29%  -6.30%  -4.93%  +3.14% 
Cleanaway  $2.27  +$0.00  +0.00%  +0.44%  -0.44%  +20.74%  +33.53% 
Downer EDI  $7.82  +$0.21  +2.76%  +0.77%  +1.69%  +8.31%  +10.45% 
Qantas  $5.56  +$0.12  +2.21%  -3.47%  -2.63%  -1.24%  -12.03% 
Qube  $2.83  +$0.03  +1.07%  -1.39%  +1.80%  -0.35%  +18.91% 
Reliance Worldwide  $4.59  +$0.05  +1.10%  -4.97%  +2.46%  -5.36%  +0.91% 
SEEK  $19.92  +$0.21  +1.07%  +3.97%  +12.86%  +14.88%  -3.63% 
Sydney Airport  $7.64  +$0.09  +1.19%  -0.13%  +5.82%  +9.77%  +4.66% 
Transurban  $13.44  +$0.05  +0.37%  -0.88%  +2.13%  +8.21%  +13.40% 
Domestic Equities - Tech Close +/- % % % % %
Computershare  $17.85  +$0.33  +1.88%  -1.65%  +2.53%  -2.78%  +0.17% 
Link Administration  $7.72  +$0.01  +0.13%  +0.52%  +4.18%  +7.22%  -2.28% 
Xero  $53.77  +$0.30  +0.56%  -2.29%  +5.49%  +17.15%  +30.26% 
Domestic Equities - Materials Close +/- % % % % %
Adelaide Brighton  $3.76  -$0.43  -10.26%  -14.74%  -12.76%  -20.17%  -43.03% 
Amcor  $16.03  -$0.23  -1.41%  -1.23%  +3.89%  +12.18%  +14.75% 
Alumina  $2.20  -$0.02  -0.90%  +0.00%  -13.73%  -10.57%  -21.15% 
BHP Group  $36.98  -$0.20  -0.54%  -0.11%  -7.62%  +4.67%  +14.88% 
Boral  $4.81  -$0.08  -1.64%  -3.22%  +0.84%  +0.21%  -26.00% 
BlueScope Steel  $13.23  -$0.11  -0.82%  -0.82%  -9.20%  +10.34%  -23.75% 
DuluxGroup  $9.77  +$0.00  +0.00%  -0.10%  +30.61%  +39.77%  +26.72% 
Evolution Mining  $3.28  +$0.05  +1.55%  +6.15%  -10.87%  -15.03%  -2.38% 
Fortescue Metals  $7.46  -$0.03  -0.40%  +3.76%  -8.91%  +23.51%  +54.45% 
Iluka Resources  $8.40  -$0.08  -0.94%  -2.44%  -9.97%  -5.94%  -27.21% 
Incitec Pivot  $3.27  +$0.01  +0.31%  -5.22%  +0.93%  -3.25%  -7.89% 
James Hardie  $18.53  -$0.08  -0.43%  -3.94%  -0.86%  +12.03%  -21.01% 
Newcrest Mining  $25.13  +$0.13  +0.52%  +0.92%  -0.28%  +3.54%  +14.64% 
Northern Star Resources  $8.83  +$0.10  +1.15%  +7.16%  -2.43%  +4.50%  +32.78% 
Orora  $3.12  +$0.01  +0.32%  +0.65%  +4.00%  -0.32%  -7.42% 
Orica  $19.70  +$1.05  +5.63%  +6.20%  +8.00%  +8.18%  +5.80% 
OZ Minerals  $9.30  +$0.07  +0.76%  -3.63%  -14.84%  -5.39%  -7.65% 
Rio Tinto  $95.35  -$0.60  -0.63%  +0.95%  -6.13%  +5.28%  +16.75% 
South32  $3.28  -$0.02  -0.61%  -1.80%  -13.00%  -9.89%  -14.81% 
Domestic Equities - REITs Close +/- % % % % %
Charter Hall  $10.08  +$0.04  +0.40%  +2.54%  +1.10%  +16.00%  +61.28% 
Dexus  $12.58  -$0.01  -0.08%  +0.64%  +0.64%  +5.54%  +28.37% 
Goodman Group  $13.11  +$0.07  +0.54%  -0.53%  +1.00%  +8.98%  +42.81% 
GPT Group  $5.70  +$0.03  +0.53%  +0.71%  -5.16%  -6.56%  +15.15% 
LendLease  $12.78  -$0.06  -0.47%  -4.34%  +2.65%  +1.59%  -29.39% 
Mirvac  $2.85  +$0.02  +0.71%  +1.06%  +4.01%  +11.76%  +23.38% 
Scentre  $3.69  +$0.01  +0.27%  -1.86%  -5.14%  -10.00%  -11.08% 
Stockland  $3.80  +$0.07  +1.88%  +1.60%  -1.30%  -2.06%  -11.01% 
Unibail-Rodamco-Westfield  $11.89  +$0.00  +0.00%  -2.14%  +1.28%  -2.78%   
Vicinity Centres  $2.50  +$0.02  +0.81%  -0.40%  +0.00%  -5.66%  -2.34% 
Domestic Equities - Utilities Close +/- % % % % %
AGL Energy  $22.48  +$0.49  +2.23%  +2.70%  +4.03%  +5.29%  +1.58% 
APA  $10.04  +$0.29  +2.97%  +2.55%  +4.04%  +8.07%  +18.82% 
AusNet Services  $1.82  +$0.02  +1.11%  +1.39%  +3.12%  +4.90%  +4.00% 
Spark Infrastructure  $2.20  +$0.01  +0.46%  -2.22%  +0.00%  -12.35%  -7.17% 

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