Daily Market Reports | Jan 17 2022
World Overnight | |||
SPI Overnight | 7330.00 | + 28.00 | 0.38% |
S&P ASX 200 | 7393.90 | – 80.50 | – 1.08% |
S&P500 | 4662.85 | + 3.82 | 0.08% |
Nasdaq Comp | 14893.75 | + 86.94 | 0.59% |
DJIA | 35911.81 | – 201.81 | – 0.56% |
S&P500 VIX | 19.19 | – 1.12 | – 5.51% |
US 10-year yield | 1.77 | + 0.06 | 3.57% |
USD Index | 95.17 | + 0.30 | 0.32% |
FTSE100 | 7542.95 | – 20.90 | – 0.28% |
DAX30 | 15883.24 | – 148.35 | – 0.93% |
Greg Peel is scheduled to return after Australia Day.
Equities in the US managed to avoid further losses on Friday, with exception of the Dow Industrials, after a rather lacklustre session.
SPI futures on Saturday were indicating the local market stands ready to recover a little more of early 2022 losses with likely ongoing bias for bulks, metals and energy producers.
Friday in Australia delivered a good old let's-sell-before-the-weekend session, and it got pretty ugly towards the end.
Corporate results season is starting to open up in America, but this week starts on Tuesday in the US as the third week in January is reserved to celebrate Martin Luther King Jr whose birthday is on January 15th.
Hence global equities will have to seek direction today without any real-time guidance from US stocks and/or treasuries.
With the world's number one male tennis champion now out of the country, maybe investors can start concentrating on the ASX again, stomach churning experiences not excluded as money continues to abandon previously high-flying new economy stocks.
Ups and downs, it's what maketh the market, during good times, and the less-than-great times. Cool heads will prevail. Patience is a virtue.
For a more detailed look into this week's calendar: https://www.fnarena.com/index.php/financial-news/calendar/
Spot Metals,Minerals & Energy Futures | |||
Gold (oz) | 1818.10 | – 4.20 | – 0.23% |
Silver (oz) | 22.96 | – 0.10 | – 0.43% |
Copper (lb) | 4.43 | – 0.07 | – 1.48% |
Aluminium (lb) | 1.35 | + 0.03 | 2.54% |
Lead (lb) | 1.08 | + 0.01 | 1.09% |
Nickel (lb) | 10.20 | + 0.18 | 1.78% |
Zinc (lb) | 1.62 | + 0.01 | 0.35% |
West Texas Crude | 83.82 | + 2.28 | 2.80% |
Brent Crude | 86.06 | + 2.16 | 2.57% |
Iron Ore (t) | 126.75 | – 1.20 | – 0.94% |
The Australian share market over the past thirty days…
BROKER RECOMMENDATION CHANGES PAST THREE TRADING DAYS | |||
AGL | AGL Energy | Upgrade to Outperform from Neutral | Credit Suisse |
CVN | Carnarvon Energy | Downgrade to Accumulate from Buy | Ord Minnett |
FMG | Fortescue Metals | Downgrade to Sell from Neutral | Citi |
QBE | QBE Insurance | Upgrade to Outperform from Neutral | Macquarie |
SHL | Sonic Healthcare | Downgrade to Neutral from Outperform | Credit Suisse |
TPG | TPG Telecom | Upgrade to Buy from Hold | Ord Minnett |
For more detail go to FNArena's Australian Broker Call Report, which is updated each morning, Mon-Fri.
All overnight and intraday prices, average prices, currency conversions and charts for stock indices, currencies, commodities, bonds, VIX and more available on the FNArena website. Click here. (Subscribers can access prices on the website.)
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