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DAILY RUNG
17/05/2019

A daily feed of market essentials

17.05.2019

Daily Rung

US:  Stocks rose on Thursday as sentiment was boosted by stronger-than-expected earnings from Cisco Systems and Walmart .

The Dow Jones Industrial Average closed 0.84% higher to close at 25,863.  

Walmart shares rose 1.4% after the retailer posted first-quarter earnings for fiscal 2020 that topped analyst expectations. The company said it is in a “good position ” to meet its goals for 2019 despite tough comparisons for the second quarter.

Cisco Systems also reported better-than-expected quarterly earnings, sending its stock up 6.7%. The company issued stronger-than-forecast revenue guidance as well.

Shares of Citigroup, J.P. Morgan Chase, Bank of America and Goldman Sachs all gained more than 1%. Banks rose as the benchmark 10-year Treasury yield climbed back above 2.4% on stronger-than-forecast data. Housing starts for April topped expectations while weekly jobless claims dropped more than expected.

EUROPE: European stocks traded higher Thursday as markets recovered from an early rattle caused by U.S. President Donald Trump’s renewed targeting of Chinese tech firm Huawei.

The STOXX 600 closed provisionally up by around 1.2%, Chemicals leading the gains with a 2.54% climb, while autos struggled to make headway, slipping 0.6%.

The European Commission revealed Thursday that Barclays, Citigroup, J.P. Morgan, MUFG and Royal Bank of Scotland have been fined a total of 1.07 billion euros ($1.2 billion) by EU antitrust regulators for rigging the spot foreign exchange market for 11 currencies.

LOCAL: The local share market finished Thursday’s session at a 9-day high after a rise in the unemployment rate spurred hopes of a rate cut.

At the close of trade, the ASX benchmark S&P/ASX200 had risen 44 points, or 0.69% to 6,328 points.

The ASX200 extended early gains after Australia’s jobless rate rose to 5.2%, up from the 5% the market had expected, due to a rise in the labour force participation rate. That further fuelled speculation of a rate cut.

Dual London-listed CYBG lifted 1.7% to $3.52 after Bell Potter analysts raised their recommendation on the NAB spin-off to buy. The gains came after CYBG announced it had swung to pre-tax profit for the first half, following the acquisition of Virgin Money in October last year.

Daily Chart

Source: Bloomberg, Escala Partners
Enlarge

A group of Australian small cap tech stocks - Wisetech Global, Altium, Appen, Afterpay and Xero - have been given the acronym 'WAAAX' in a similar manner to the FANGs in the US. Valuations and P/Es have soared among this group this year on the back of their attractive growth characteristics and a softening interest rate outlook. The WAAAX group has rallied more than 60% over this time, with Xero's 11% gain yesterday adding to the mix.

Daily Data

Daily Weekly Monthly Quarterly Yearly
Equities Close +/- % % % % %
S&P/ASX 200  6,327.8  +43.6  +0.69%  +0.52%  +0.80%  +4.31%  +3.62% 
S&P/ASX 200 SPI  6,392.0  +47.0  +0.74%  +1.52%  +2.45%  +6.53%  +6.84% 
S&P/ASX 200 Accumulation  67,033.8  +589.8  +0.89%  +1.06%  +1.37%  +5.98%  +8.39% 
Dow Jones  25,862.7  +214.7  +0.84%  +0.13%  -2.23%  -0.08%  +4.42% 
S&P 500  2,876.3  +25.4  +0.89%  +0.20%  -1.06%  +3.63%  +5.65% 
Nasdaq  7,898.0  +75.9  +0.97%  -0.16%  -1.28%  +5.70%  +6.75% 
STOXX 600  382.9  +4.8  +1.27%  +1.85%  -1.63%  +3.78%  -2.63% 
FTSE 100  7,353.5  +56.6  +0.78%  +2.03%  -1.56%  +1.61%  -4.92% 
DAX  12,310.4  +210.8  +1.74%  +2.81%  +1.73%  +8.94%  -5.28% 
CAC 40  5,448.1  +73.8  +1.37%  +2.54%  -1.46%  +5.72%  -2.15% 
Nikkei 225  21,063.0  -125.6  -0.59%  -1.58%  -5.21%  +0.78%  -7.28% 
TOPIX  1,537.6  -6.6  -0.43%  -0.85%  -5.47%  -2.52%  -14.60% 
Hang Seng  28,275.1  +6.4  +0.02%  -0.13%  -6.16%  +1.34%  -9.11% 
Shanghai CSI 300  3,744.0  +16.9  +0.45%  +4.01%  -8.37%  +12.14%  -3.82% 
NZ 50  10,177.0  +45.4  +0.45%  +0.72%  +2.71%  +10.07%  +18.95% 
S&P 500 Sectors Close +/- % % % % %
Consumer Discretionary  927.0  +9.2  +1.00%  -0.30%  -1.66%  +7.16%  +10.63% 
Consumer Staples  594.6  +4.4  +0.75%  +2.27%  +1.92%  +6.46%  +16.83% 
Energy  473.2  +1.8  +0.38%  +0.41%  -5.35%  -2.61%  -17.13% 
Financials  448.2  +4.9  +1.10%  -0.99%  -1.26%  +2.38%  -4.18% 
Health Care  1,023.7  +7.6  +0.75%  -0.40%  +0.18%  -4.65%  +6.74% 
Industrials  636.4  +5.5  +0.87%  -0.46%  -2.32%  +0.09%  +1.57% 
Information Technology  1,331.1  +13.0  +0.99%  -0.05%  -1.67%  +9.12%  +9.28% 
Materials  343.7  +4.5  +1.34%  +0.97%  -5.52%  +0.68%  -7.90% 
Real Estate  226.8  +1.2  +0.53%  +2.68%  +2.89%  +4.61%  +20.03% 
Telecommunications  165.6  +1.6  +0.96%  +0.96%  +0.04%  +8.00%  +13.82% 
Utilities  295.5  +1.7  +0.58%  +2.42%  +1.48%  +4.92%  +18.41% 
Commodities Close +/- % % % % %
Oil (WTI)  $62.87  +$0.85  +1.37%  +1.90%  -2.06%  +10.11%  -4.96% 
Oil (Brent)  $72.79  +$1.02  +1.42%  +3.41%  +2.22%  +10.35%  -1.62% 
Gold  $1,286.72  -$9.77  -0.75%  +0.21%  +0.78%  -2.70%  -0.31% 
Silver  $14.56  -$0.24  -1.60%  -1.37%  -2.96%  -7.78%  -11.11% 
Iron Ore  $96.13  +$1.31  +1.38%  +2.01%  +2.88%  +8.55%  +42.84% 
Coking Coal  $198.37  +$2.11  +1.07%  -0.45%  +0.95%  +5.58%  -0.56% 
Thermal Coal  $82.80  -$1.80  -2.13%  -5.05%  -6.12%  -9.75%  -22.91% 
Copper  $2.77  +$0.01  +0.25%  -0.03%  -6.08%  -1.42%  -10.64% 
Aluminium  $0.84  +$0.00  +0.27%  +1.00%  +0.24%  +0.05%  -19.67% 
Nickel  $5.52  +$0.01  +0.22%  +6.52%  -6.00%  -1.81%  -15.88% 
Lead  $0.83  +$0.01  +1.30%  +0.03%  -4.32%  -11.60%  -21.53% 
Tin  $8.83  -$0.17  -1.86%  +3.52%  -5.00%  -8.14%  -6.03% 
Zinc  $1.20  +$0.00  +0.42%  +0.44%  -6.16%  -0.60%  -14.23% 
Interest Rates Close +/- % +/- +/- +/- +/-
RBA Cash Rate  1.50%  +0.000%     +0.00%  +0.00%  +0.00%  +0.00% 
90 Day Bank Bill  1.58%  -0.062%     -0.07%  -0.12%  -0.40%  -0.33% 
180 Day Bank Bill  1.59%  -0.050%     -0.08%  -0.18%  -0.51%  -0.43% 
Australian 3 Year Bond  1.19%  -0.050%     -0.08%  -0.27%  -0.47%  -1.03% 
Australian 10 Year Bond  1.64%  -0.052%     -0.07%  -0.29%  -0.46%  -1.24% 
US 10 Year Bond  2.39%  +0.021%     -0.05%  -0.20%  -0.27%  -0.70% 
US 30 Year Bond  2.83%  +0.014%     -0.03%  -0.16%  -0.16%  -0.38% 
iTraxx  71.42  -1.54     -1.06  +3.15  -2.78  +5.45 
Currencies Close +/- % % % % %
AUD/USD  0.689  -0.004  -0.52%  -1.39%  -3.94%  -3.49%  -8.30% 
AUD/JPY  75.71  -0.22  -0.29%  -1.31%  -5.79%  -4.03%  -8.74% 
AUD/EUR  0.617  -0.002  -0.27%  -1.03%  -3.03%  -2.42%  -3.10% 
AUD/GBP  0.54  -0.00  -0.15%  +0.25%  -2.06%  -2.79%  -3.34% 
AUD/NZD  1.055  -0.001  -0.10%  -0.57%  -0.61%  +1.46%  -3.22% 
EUR/USD  1.12  -0.00  -0.24%  -0.37%  -0.95%  -1.08%  -5.37% 
GBP/USD  1.280  -0.005  -0.37%  -1.66%  -1.92%  -0.71%  -5.10% 
USD/JPY  109.85  +0.25  +0.23%  +0.10%  -1.92%  -0.56%  -0.50% 
USD/CNY  6.884  +0.008  +0.11%  +0.82%  +2.56%  +1.63%  +8.04% 
Other Indicators Close +/- % % % % %
VIX  15.29  -1.15  -7.00%  -19.95%  +25.53%  +2.55%  +13.93% 
Australian DLCs Close +/- % % % % %
BHP Billiton PLC ($A)  $33.23  +$0.78  +2.41%  +2.96%  -4.32%  +2.67%  +6.14% 
Rio Tinto PLC ($A)  $85.58  +$1.79  +2.14%  +5.18%  +0.71%  +7.80%  +9.62% 
CYBG PLC ($A)  $3.59  -$0.07  -2.00%  +0.43%  -7.17%  +4.93%  -33.56% 
Janus Henderson Group PLC ($A)  $31.24  +$0.19  +0.62%  -2.96%  -12.41%  -6.15%  -29.28% 
Resmed Inc ($A)  $16.46  +$0.17  +1.07%  +2.66%  +15.94%  +17.00%  +20.81% 
News Corporation ($A)  $16.95  +$0.02  +0.09%  +1.58%  -4.63%  -6.40%  -21.62% 
Domestic Equities - Comms Close +/- % % % % %
carsales.com  $13.61  -$0.03  -0.22%  -0.73%  +2.56%  +13.23%  -5.55% 
Nine Entertainment  $1.85  +$0.03  +1.37%  -0.27%  +7.89%  +24.24%  -20.47% 
REA Group  $84.34  +$1.82  +2.21%  +3.94%  +7.34%  +8.10%  -5.54% 
Telstra  $3.51  +$0.05  +1.45%  +3.85%  +6.69%  +10.38%  +22.73% 
TPG Telecom  $6.27  -$0.02  -0.32%  +3.64%  -9.00%  -6.84%  +17.64% 
Domestic Equities - Disc. Close +/- % % % % %
Aristocrat Leisure  $26.87  +$1.27  +4.96%  +4.39%  +3.83%  +8.52%  -4.95% 
Crown Resorts  $12.97  +$0.00  +0.00%  -3.28%  -0.38%  +7.01%  -4.91% 
Domino's  $39.49  +$0.08  +0.20%  -3.02%  -8.18%  -14.58%  -11.00% 
Flight Centre  $40.00  +$0.12  +0.30%  +1.42%  -8.02%  -7.26%  -35.29% 
JB Hi-Fi  $25.47  +$0.18  +0.71%  +0.12%  +0.71%  +10.21%  +9.31% 
Star Entertainment  $4.35  +$0.02  +0.46%  +0.23%  -4.61%  -5.23%  -18.84% 
Tabcorp  $4.64  +$0.05  +1.09%  +0.22%  -2.93%  +0.00%  +1.09% 
Wesfarmers  $36.07  -$0.25  -0.69%  -0.50%  +3.47%  +8.32%  +12.62% 
Domestic Equities - Staples Close +/- % % % % %
a2 Milk  $15.38  -$0.02  -0.13%  +1.79%  +2.60%  +25.55%  +45.92% 
Coca-Cola Amatil  $9.19  +$0.20  +2.22%  +4.20%  +6.98%  +9.27%  +2.45% 
Coles  $12.57  -$0.06  -0.48%  -1.10%  +0.48% 
Treasury Wine Estates  $15.49  -$0.01  -0.06%  +2.79%  -4.15%  -4.32%  -14.04% 
Woolworths  $33.44  +$0.17  +0.51%  +1.83%  +6.80%  +11.36%  +16.88% 
Domestic Equities - Energy Close +/- % % % % %
Caltex  $26.45  +$0.61  +2.36%  +2.80%  -0.79%  -5.74%  -13.76% 
Origin Energy  $7.74  +$0.30  +4.03%  +4.03%  +6.17%  +3.20%  -20.45% 
Oil Search  $7.64  +$0.17  +2.28%  +0.92%  -5.09%  -5.80%  -10.22% 
Santos  $7.28  +$0.15  +2.10%  +4.60%  +2.97%  +8.49%  +15.19% 
Whitehaven Coal  $4.22  +$0.05  +1.20%  +0.48%  +0.24%  -5.59%  -20.83% 
WorleyParsons  $13.90  +$0.48  +3.58%  +1.24%  -4.20%  -9.03%  -16.48% 
Woodside Petroleum  $36.77  +$0.56  +1.55%  +3.78%  +3.49%  +1.97%  +7.96% 
Domestic Equities - Financials Close +/- % % % % %
AMP  $2.23  +$0.06  +2.76%  +0.90%  +0.45%  +2.29%  -42.97% 
ANZ  $26.66  +$0.37  +1.41%  -3.58%  +0.95%  -0.56%  -4.00% 
ASX  $75.29  +$0.07  +0.09%  +0.04%  +5.14%  +10.98%  +22.28% 
Bendigo & Adelaide Bank  $10.57  +$0.10  +0.96%  +0.48%  +6.77%  +7.09%  -4.26% 
Bank of Queensland  $8.92  +$0.01  +0.11%  -0.67%  -0.34%  -10.35%  -13.06% 
Commonwealth Bank of Australia  $73.33  +$0.79  +1.09%  -2.45%  +0.88%  +3.56%  +3.59% 
Challenger  $7.91  +$0.12  +1.54%  -2.59%  -0.63%  +8.50%  -36.52% 
CYBG PLC  $3.52  +$0.06  +1.73%  -2.49%  -10.43%  +4.14%  -36.58% 
Insurance Australia Group  $7.97  +$0.05  +0.63%  +0.13%  +4.18%  +6.55%  -7.18% 
IOOF  $5.68  +$0.04  +0.71%  -4.38%  -12.21%  +11.37%  -38.46% 
Janus Henderson Group  $31.00  +$0.45  +1.47%  -2.97%  -11.35%  -5.08%  -29.78% 
Magellan Financial Group  $44.50  +$0.11  +0.25%  +0.84%  +10.37%  +36.50%  +83.96% 
Medibank Private  $2.87  +$0.01  +0.35%  -2.05%  +5.90%  +1.06%  -4.33% 
Macquarie Group  $119.34  +$0.23  +0.19%  -4.04%  -10.47%  -3.93%  +3.86% 
National Australia Bank  $24.20  -$0.08  -0.33%  -6.60%  -3.24%  -0.08%  -12.06% 
Pendal  $7.69  +$0.04  +0.52%  +2.12%  -11.30%  -6.56%  -23.86% 
QBE Insurance  $12.64  +$0.06  +0.48%  -1.56%  -1.02%  +12.46%  +21.42% 
Suncorp  $13.69  +$0.12  +0.88%  +0.81%  +2.70%  +4.50%  -2.49% 
Westpac  $25.85  -$1.04  -3.87%  -4.47%  -2.12%  -1.49%  -14.43% 
Domestic Equities - H/Care Close +/- % % % % %
Ansell  $25.45  -$0.24  -0.93%  -4.72%  -4.50%  +5.08%  -5.81% 
Cochlear  $196.25  +$0.34  +0.17%  +1.31%  +8.57%  -0.62%  -0.61% 
CSL  $202.98  +$2.14  +1.07%  +2.95%  +3.19%  +9.72%  +13.82% 
Healthscope  $2.46  +$0.00  +0.00%  +0.41%  +0.00%  +0.00%  +0.00% 
Ramsay Health Care  $64.18  -$0.21  -0.33%  +1.60%  +0.60%  +9.62%  +0.28% 
ResMed  $16.22  +$0.03  +0.19%  +2.01%  +12.25%  +15.94%  +19.44% 
Sonic Healthcare  $26.34  +$0.04  +0.15%  +0.42%  +5.95%  +11.28%  +9.70% 
Domestic Equities - Industrials Close +/- % % % % %
ALS  $8.19  +$0.12  +1.49%  +1.74%  -0.49%  +4.73%  +2.25% 
Atlas Arteria  $7.24  +$0.08  +1.12%  +2.40%  +5.08%  +3.87%  +18.30% 
Aurizon Holdings  $5.09  +$0.09  +1.80%  +4.09%  +8.76%  +10.17%  +17.28% 
Brambles  $12.51  +$0.15  +1.21%  +2.63%  +5.75%  +11.30%  +30.18% 
CIMIC  $46.46  +$0.86  +1.89%  +2.45%  -3.69%  -6.73%  +5.57% 
Cleanaway  $2.26  +$0.01  +0.44%  -0.44%  -1.74%  +5.12%  +41.25% 
Downer EDI  $7.96  +$0.11  +1.40%  +1.79%  +3.51%  +8.30%  +8.45% 
Qantas  $5.35  +$0.05  +0.94%  -3.78%  -5.48%  -6.63%  -15.62% 
Qube  $2.88  +$0.01  +0.35%  +1.77%  +1.77%  +2.86%  +21.52% 
Reliance Worldwide  $3.64  +$0.03  +0.83%  -20.70%  -22.72%  -26.17%  -21.81% 
SEEK  $19.95  -$0.04  -0.20%  +0.15%  +10.83%  +16.39%  -4.36% 
Sydney Airport  $7.76  +$0.06  +0.78%  +1.57%  +4.16%  +12.46%  +10.54% 
Transurban  $13.84  +$0.16  +1.17%  +2.98%  +3.90%  +13.63%  +21.72% 
Domestic Equities - Tech Close +/- % % % % %
Computershare  $17.77  -$0.19  -1.06%  -0.45%  +1.02%  -2.63%  -3.00% 
Link Administration  $7.62  +$0.02  +0.26%  -1.30%  +1.87%  +9.96%  +6.57% 
Xero  $60.15  +$5.84  +10.75%  +11.87%  +17.21%  +24.51%  +51.17% 
Domestic Equities - Materials Close +/- % % % % %
Adelaide Brighton  $3.60  +$0.03  +0.84%  -4.26%  -16.47%  -27.13%  -45.62% 
Amcor  $16.50  +$0.10  +0.61%  +2.93%  +6.04%  +11.94%  +18.28% 
Alumina  $2.42  +$0.05  +2.11%  +10.00%  -0.82%  -7.63%  -10.37% 
BHP Group  $37.54  +$0.34  +0.91%  +1.51%  -4.65%  +2.93%  +10.38% 
Boral  $4.63  -$0.07  -1.49%  -3.74%  -3.14%  -5.12%  -30.69% 
BlueScope Steel  $12.83  -$0.11  -0.85%  -3.02%  -4.47%  +5.86%  -28.00% 
DuluxGroup  $9.73  -$0.01  -0.10%  -0.41%  +26.86%  +38.21%  +20.87% 
Evolution Mining  $3.64  +$0.06  +1.68%  +10.98%  +6.43%  -3.19%  +14.11% 
Fortescue Metals  $8.40  +$0.26  +3.19%  +12.60%  +3.70%  +33.97%  +72.48% 
Iluka Resources  $8.85  +$0.17  +1.96%  +5.36%  -2.85%  -4.63%  -24.55% 
Incitec Pivot  $3.30  +$0.03  +0.92%  +0.92%  +0.30%  +0.61%  -7.04% 
James Hardie  $18.30  -$0.12  -0.65%  -1.24%  -2.61%  +4.57%  -22.49% 
Newcrest Mining  $26.72  +$0.57  +2.18%  +6.33%  +5.28%  +7.40%  +26.40% 
Northern Star Resources  $9.48  +$0.16  +1.72%  +7.36%  +5.92%  -2.87%  +44.95% 
Orora  $3.16  +$0.03  +0.96%  +1.28%  +7.12%  -3.36%  -9.71% 
Orica  $20.26  +$0.24  +1.20%  +2.84%  +8.63%  +11.32%  +11.01% 
OZ Minerals  $9.52  +$0.14  +1.49%  +2.37%  -9.76%  -5.74%  -7.21% 
Rio Tinto  $99.28  +$0.97  +0.99%  +4.12%  -1.90%  +8.74%  +17.24% 
South32  $3.52  +$0.06  +1.73%  +7.32%  +0.00%  -7.61%  -11.34% 
Domestic Equities - REITs Close +/- % % % % %
Charter Hall  $10.36  +$0.08  +0.78%  +2.78%  +4.96%  +20.61%  +66.83% 
Dexus  $12.85  +$0.17  +1.34%  +2.15%  +0.71%  +6.55%  +35.69% 
Goodman Group  $13.56  +$0.24  +1.80%  +3.43%  +5.12%  +5.61%  +50.67% 
GPT Group  $5.90  +$0.04  +0.68%  +3.51%  -0.84%  +0.17%  +22.92% 
LendLease  $14.10  +$0.08  +0.57%  +10.33%  +11.29%  +4.06%  -23.29% 
Mirvac  $2.95  +$0.03  +1.03%  +3.51%  +3.51%  +14.79%  +32.88% 
Scentre  $3.84  +$0.07  +1.86%  +4.07%  -2.78%  -3.52%  -5.65% 
Stockland  $3.89  +$0.04  +1.04%  +2.37%  -1.27%  +4.57%  -6.94% 
Unibail-Rodamco-Westfield  $11.53  -$0.11  -0.95%  -3.03%  -5.57%  +2.13%   
Vicinity Centres  $2.57  +$0.02  +0.78%  +2.80%  +1.58%  +0.39%  +2.39% 
Domestic Equities - Utilities Close +/- % % % % %
AGL Energy  $22.43  -$0.16  -0.71%  -0.22%  +2.14%  +1.72%  +5.11% 
APA  $10.35  +$0.17  +1.67%  +3.09%  +8.72%  +12.26%  +28.41% 
AusNet Services  $1.85  +$0.01  +0.54%  +1.37%  +3.94%  +6.03%  +9.50% 
Spark Infrastructure  $2.31  +$0.05  +2.21%  +5.00%  +3.59%  +3.13%  +6.45% 

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