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DAILY RUNG
16/05/2019

A daily feed of market essentials

16.05.2019

Daily Rung

US:  Stocks rose on Wednesday on news that President Donald Trump plans to delay the implementation of auto tariffs.

The Dow Jones Industrial Average closed up 116 points at 25,648 after falling as much as 190 points earlier in the session. The S&P 500 gained 0.6% to end the day at 2,851.

Internet stocks extended a recent rebound, with Google parent Alphabet rising more than 4% after Deutsche Bank increased its price target on the stock and Facebook and Netflix also climbing about 3%.

EUROPE: European stocks made a comeback to trade higher Wednesday on news that President Donald Trump plans to delay the implementation of auto tariffs on European car imports.

The pan-European STOXX 600 closed provisionally 0.39% up in trade. Autos jumped 2.02% higher after initially being the weakest sector.

hares of British lender CYBG closed up 3.3% after it swung to a first-half profit, while the worst early performer was German internet company United Internet, which fell 6.29% after its first-quarter results.

Embattled German industrials giant Thyssenkrupp dropped 5% during the afternoon session. The fall came after union IG Metall demanded a fresh concept from the company’s management.

LOCAL: The local share market finished Wednesday’s session firmly higher, boosted by hopes of a rate cut on weak wages data.

At the close of trade, the ASX benchmark S&P/ASX200 had risen 44 points, or 0.71% to 6,284 points.

Sigma Healthcare added 2.8% to 55 cents after it announcing it had kicked off its staff reduction plan with about a third of the 300 flagged job cuts already made at the company’s annual general meeting.

Cann Group rose 4.2% to $2.25 after the company announced it had delivered the first Australian sourced and commercially grown cannabis resin to the Victorian Government.

Meanwhile Cannabis company THC Global Group lifted 4.6% to 46c after it announced it had secured an export licence and increased capacity at its facility in northern NSW.

Daily Chart

Source: Bloomberg, Escala Partners
Enlarge

Amid the escalation in trade tensions this week, the Australian dollar has continued to slip, falling below the US70c mark. The currency is now trading at a three year low and is down nearly 15% on early 2018 when it rose above US80c.

Daily Data

Daily Weekly Monthly Quarterly Yearly
Equities Close +/- % % % % %
S&P/ASX 200  6,284.2  +44.3  +0.71%  +0.24%  +0.52%  +3.60%  +3.06% 
S&P/ASX 200 SPI  6,301.0  +14.0  +0.22%  +0.46%  +0.51%  +5.02%  +5.49% 
S&P/ASX 200 Accumulation  66,444.0  +468.3  +0.71%  +0.59%  +0.90%  +5.05%  +7.60% 
Dow Jones  25,648.0  +116.0  +0.45%  -1.23%  -2.79%  -0.91%  +3.81% 
S&P 500  2,851.0  +16.6  +0.58%  -0.99%  -1.88%  +2.72%  +5.15% 
Nasdaq  7,822.1  +87.7  +1.13%  -1.53%  -1.93%  +4.68%  +6.40% 
STOXX 600  378.1  +1.7  +0.46%  -1.09%  -2.59%  +2.47%  -3.65% 
FTSE 100  7,297.0  +55.3  +0.76%  +0.36%  -1.88%  +0.83%  -5.52% 
DAX  12,099.6  +107.9  +0.90%  -0.66%  +0.66%  +7.08%  -6.71% 
CAC 40  5,374.3  +32.9  +0.62%  -0.80%  -2.44%  +4.29%  -3.22% 
Nikkei 225  21,188.6  +121.3  +0.58%  -1.92%  -4.42%  +1.38%  -7.14% 
TOPIX  1,544.2  +9.2  +0.60%  -1.79%  -5.15%  -2.10%  -14.46% 
Hang Seng  28,268.7  +146.7  +0.52%  -2.53%  -5.17%  +1.32%  -9.26% 
Shanghai CSI 300  3,727.1  +81.9  +2.25%  +1.63%  -6.25%  +11.63%  -5.02% 
NZ 50  10,131.6  +61.2  +0.61%  +0.68%  +2.90%  +9.58%  +16.34% 
S&P 500 Sectors Close +/- % % % % %
Consumer Discretionary  917.8  +7.1  +0.78%  -1.71%  -2.17%  +6.09%  +10.44% 
Consumer Staples  590.2  +4.7  +0.80%  +1.29%  +1.10%  +5.67%  +16.86% 
Energy  471.4  +2.2  +0.46%  +0.10%  -5.10%  -2.98%  -17.14% 
Financials  443.3  -2.1  -0.48%  -2.20%  -1.00%  +1.27%  -5.12% 
Health Care  1,016.0  +2.7  +0.27%  -1.35%  -2.58%  -5.37%  +6.51% 
Industrials  630.9  +0.8  +0.12%  -1.51%  -2.59%  -0.77%  +1.07% 
Information Technology  1,318.1  +12.8  +0.98%  -1.70%  -2.15%  +8.05%  +8.62% 
Materials  339.2  -0.8  -0.24%  -1.16%  -6.33%  -0.65%  -8.07% 
Real Estate  225.6  +1.4  +0.64%  +2.48%  -0.09%  +4.06%  +18.88% 
Communication Services  164.0  +3.4  +2.11%  -0.19%  -0.71%  +6.97%  +13.13% 
Utilities  293.8  -0.4  -0.14%  +1.74%  -0.50%  +4.31%  +16.71% 
Commodities Close +/- % % % % %
Oil (WTI)  $62.02  +$0.24  0.39%  -0.16%  -2.42%  +8.62%  -5.96% 
Oil (Brent)  $71.77  +$0.53  +0.74%  +1.99%  +1.46%  +8.81%  -1.94% 
Gold  $1,296.49  -$0.43  -0.03%  +1.22%  +0.66%  -1.97%  +0.46% 
Silver  $14.80  +$0.01  +0.06%  -0.29%  -1.37%  -6.28%  -9.04% 
Iron Ore  $92.34  +$1.51  +1.66%  +0.57%  -1.48%  +8.78%  +36.40% 
Coking Coal  $196.26  +$0.05  +0.02%  -2.76%  -0.56%  +4.46%  -1.75% 
Thermal Coal  $84.60  -$0.85  -0.99%  -4.46%  -5.26%  -7.79%  -21.19% 
Copper  $2.76  +$0.03  +0.96%  -1.02%  -6.10%  -1.66%  -10.62% 
Aluminium  $0.84  +$0.00  +0.57%  +0.94%  -0.54%  -0.22%  -20.28% 
Nickel  $5.51  +$0.10  +1.92%  +3.33%  -6.48%  -2.02%  -15.78% 
Lead  $0.82  +$0.00  +0.61%  -1.11%  -7.19%  -12.73%  -22.76% 
Tin  $9.00  +$0.02  +0.25%  +6.83%  -3.55%  -6.39%  -4.93% 
Zinc  $1.19  +$0.01  +1.23%  -0.37%  -9.45%  -1.02%  -14.24% 
Interest Rates Close +/- % +/- +/- +/- +/-
RBA Cash Rate  1.50%  +0.000%     +0.000%  0.000%  0.000%  0.000% 
90 Day Bank Bill  1.64%  +0.007%     -0.003%  -0.062%  -0.333%  -0.262% 
180 Day Bank Bill  1.64%  -0.010%     -0.030%  -0.130%  -0.460%  -0.370% 
Australian 3 Year Bond  1.24%  -0.001%     -0.046%  -0.239%  -0.418%  -0.956% 
Australian 10 Year Bond  1.69%  -0.007%     -0.042%  -0.258%  -0.408%  -1.137% 
US 10 Year Bond  2.37%  -0.037%     -0.110%  -0.181%  -0.289%  -0.699% 
US 30 Year Bond  2.82%  -0.029%     -0.074%  -0.148%  -0.174%  -0.381% 
iTraxx  72.96  -0.47     +2.2  +5.1  -1.2  +7.5 
Currencies Close +/- % % % % %
AUD/USD  0.693  -0.002  -0.23%  -0.86%  -3.42%  -2.98%  -7.28% 
AUD/JPY  75.93  -0.18  -0.24%  -1.32%  -5.52%  -3.76%  -7.91% 
AUD/EUR  0.619  -0.001  -0.21%  -0.96%  -2.54%  -2.15%  -2.01% 
AUD/GBP  0.54  +0.00  +0.25%  +0.38%  -1.51%  -2.64%  -2.52% 
AUD/NZD  1.056  -0.000  -0.04%  -0.68%  -0.47%  +1.57%  -3.06% 
EUR/USD  1.12  -0.00  -0.03%  +0.08%  -0.91%  -0.84%  -5.38% 
GBP/USD  1.285  -0.006  -0.46%  -1.24%  -1.95%  -0.34%  -4.87% 
USD/JPY  109.60  -0.01  -0.01%  -0.45%  -2.18%  -0.79%  -0.68% 
USD/CNY  6.876  +0.001  +0.01%  +1.38%  +2.50%  +1.52%  +7.82% 
Other Indicators Close +/- % % % % %
VIX  16.44  -1.62  -8.97%  -15.26%  +33.44%  +10.26%  +12.37% 
Australian DLCs Close +/- % % % % %
BHP Billiton PLC ($A)  $32.44  -$0.03  -0.10%  -1.18%  -6.62%  +0.26%  +4.85% 
Rio Tinto PLC ($A)  $83.79  +$0.06  +0.08%  +1.82%  -2.42%  +5.55%  +9.62% 
CYBG PLC ($A)  $3.66  +$0.11  +3.04%  +0.44%  -6.58%  +7.07%  -33.56% 
Janus Henderson Group PLC ($A)  $31.05  +$0.59  +1.94%  -3.57%  -10.56%  -6.73%  -30.77% 
Resmed Inc ($A)  $16.28  +$0.15  +0.91%  +2.13%  +13.30%  +15.77%  +20.26% 
News Corporation ($A)  $16.93  +$0.15  +0.92%  +1.91%  -3.99%  -6.49%  -22.15% 

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