Daily Market Reports | Jan 12 2022
World Overnight | |||
SPI Overnight | 7356.00 | + 63.00 | 0.86% |
S&P ASX 200 | 7390.10 | – 57.00 | – 0.77% |
S&P500 | 4713.07 | + 42.78 | 0.92% |
Nasdaq Comp | 15153.45 | + 210.62 | 1.41% |
DJIA | 36252.02 | + 183.15 | 0.51% |
S&P500 VIX | 18.41 | – 0.99 | – 5.10% |
US 10-year yield | 1.75 | – 0.03 | – 1.91% |
USD Index | 95.61 | – 0.35 | – 0.36% |
FTSE100 | 7491.37 | + 46.12 | 0.62% |
DAX30 | 15941.81 | + 173.54 | 1.10% |
Greg Peel will return after Australia Day.
Equity markets found a bit of upward relief overnight as Fed Chair Jerome Powell made it clear the Fed will raise rates when needed to manage inflation, but Powell also expects the supply-demand mismatch that is driving inflation to abate somewhat.
In response, equity indices turned around, the US 10-year yield declined, as did the US dollar, and commodities rallied too.
Spot Metals,Minerals & Energy Futures | |||
Gold (oz) | 1823.00 | + 21.40 | 1.19% |
Silver (oz) | 22.79 | + 0.34 | 1.51% |
Copper (lb) | 4.40 | + 0.06 | 1.35% |
Aluminium (lb) | 1.35 | + 0.01 | 1.10% |
Lead (lb) | 1.06 | + 0.01 | 1.19% |
Nickel (lb) | 9.82 | + 0.32 | 3.35% |
Zinc (lb) | 1.61 | + 0.01 | 0.65% |
West Texas Crude | 81.41 | + 2.98 | 3.80% |
Brent Crude | 83.75 | + 2.77 | 3.42% |
Iron Ore (t) | 128.60 | + 3.15 | 2.51% |
The Australian share market over the past thirty days…
BROKER RECOMMENDATION CHANGES PAST THREE TRADING DAYS | |||
ARB | ARB Corp | Downgrade to Underperform from Neutral | Credit Suisse |
ATL | Apollo Tourism & Leisure | Upgrade to Buy from Hold | Ord Minnett |
BGA | Bega Cheese | Downgrade to Hold from Accumulate | Ord Minnett |
JHX | James Hardie Industries | Downgrade to Equal-weight from Overweight | Morgan Stanley |
LNK | Link Administration | Downgrade to Hold from Accumulate | Ord Minnett |
PME | Pro Medicus | Upgrade to Hold from Reduce | Morgans |
TRS | Reject Shop | Downgrade to Hold from Add | Morgans |
For more detail go to FNArena's Australian Broker Call Report, which is updated each morning, Mon-Fri.
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