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Overseas Market Report

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Overseas Market Report -U.S. Stocks Slide After Healthcare Vote Delayed

Tuesday 27 June 2017 | Close

U.S. shares slipped on Tuesday after technology shares continued to retreat, while a delay on a vote on healthcare legislation added to concerns about the prospects for President Donald Trump's agenda.

Tuesday 27 June 2017 | Close

Foreign Equities Close Change %Change
Dow Jones (US) 21311 -99 -0.46
S&P 500 2419 -20 -0.81
NASDAQ 6147 -101 -1.61
FTSE 100 Index 7434 -12 -0.17
DAX 30 12671 -100 -0.78
CAC 40 5259 -37 -0.70
Nikkei 225 (Japan) 20225 72 0.36
HKSE 25840 -32 -0.12
SSE Composite Index 3191 6 0.18
NZ 50 7626 31 0.41

Tuesday 27 June 2017 | Close

Commodities US$ Close Change %Change
Aluminium /t 1877 22 1.17
Copper /t 5838 67 1.16
Nickel /t 9213 239 2.66
Gold /oz 1247 -3 -0.27
Silver /oz 16.7 0.1 0.71
Oil - West Texas crude /bbl 44.2 0.9 1.98
Lead /t 2273 34 1.52
Zinc /t 2747 30 1.11

Tuesday 27 June 2017 | Close

Currency Close Pts Change % Change
$A vs $US 0.7582 -0.0001 -0.02
$A vs GBP 0.5915 -0.0043 -0.72
$A vs YEN 85.11 0.30 0.35
$A vs EUR 0.6686 -0.0094 -1.39
$A vs $NZ 1.0426 0.0024 0.23
$US vs Euro 0.8820 -0.0122 -1.36
$US vs UK 0.7803 -0.0055 -0.70
$US vs CHF 0.9604 -0.0119 -1.22

U.S. shares slipped on Tuesday after technology shares continued to retreat, while a delay on a vote on healthcare legislation added to concerns about the prospects for President Donald Trump's agenda.

Tuesday marked the second straight daily decline for the Nasdaq. The S&P 500 has fallen in four of the past six sessions while the Dow has dropped in five of the past six.

At the close, the Dow, S&P 500, and the Nasdaq were down 0.5%, 0.8%, and 1.6%, respectively.

The S&P/Case-Shiller 20-city index rose 5.7% in the three-month period ending in April compared with a year ago, down two ticks from the 5.9% annual gain notched in March. Economists had expected the 20-city index to increase 5.9% for the year. Separately, a read on consumer confidence rose slightly in June.

Mobile TeleSystems (MBT) announced its parent company, Sistema, received a notice of enforcement action from various Russian courts that in effect claim 31.76% of the share capital of Mobile TeleSystems. This would be almost two thirds of Sistema's roughly 50.3% shareholding. The shares are for settlement of a claim by Rosneft and Bashneft, Russian oil companies, and the Republic of Bashkortostan against a division of Sistema that is also involved in the oil industry. While disputes in the Russian oil industry are nothing new, this time it potentially spills into the telecom sector.

For Australian ADRs listed on the NYSE, BHP Billiton added 43 cents (1.27%) to $34.41, ResMed lost 66 cents (-0.85%) to $77.02, Telstra Corporation fell 9 cents (-0.55%) to $16.40, Spark New Zealand gained 23 cents (1.65%) to $14.14, and Westpac lifted 4 cents (0.18%) to $22.89.

At 8:15 AM (AEST), the 10-year Treasury note yield was 2.21% and the 5-year yield was 1.81%.

European markets were lower as the FTSE 100, the French CAC 40, and Germany's DAX declined 0.2%, 0.7%, and 0.8%, respectively.

Asian shares finished mixed, with the Nikkei 225 and Shanghai Composite up 0.4% and 0.2%, respectively, and the Hang Seng and India's Sensex down around 0.1% and 0.6%, respectively.

Australian Market

Local Markets Expected to Open Lower

Ahead of the local open, SPI futures were 12 points lower at 5,642.

Tuesday 27 June - close. The local market opened lower on the back of mixed results on Wall Street overnight. The negativity continued throughout the morning, and despite an afternoon rally from the financial and material sectors, stocks finished flat, weighed down by utilities. There were mixed results from the sectors; financials and materials were the only positive results, with healthcare the worst performer of the session. The Australian dollar gained against most major currencies.

The All Ordinaries fell 5.90 points to 5,752.50 while the S&P/ASX 200 fell 6 points to 5,714.20.

Spotless Group Holdings (SPO)

Spotless Group Holdings advised that Downer Services announced on 27 June 2017 that it has a shareholding of 50.3% in Spotless and is a majority shareholder. Downer encourages remaining Spotless shareholders to accept the offer promptly and without delay. The offer period will remain open for acceptance until 11 July 2017. SPO slipped half a cent to $1.15.

Aveo Group (AOG)

Aveo Group announced an on-market buyback of outstanding shares as allowed under the 10/12 limit, for ongoing capital management purposes. Commencement of the on-market buyback will be subject to its receiving lenders' consents. The company/trust intends to buy back a maximum number 54.32m stapled securities. AOG added 2 cents to $2.73.

Annual General Meetings today (ASX 300)

  • No Annual General Meetings today

Companies trading ex-dividend today (ASX 300)

  • No Companies trading ex-dividend today (ASX 300)

Companies trading ex-dividend next business day (ASX 300)

  • ALE Property Group
  • APA Group
  • Ardent Leisure Group
  • Arena REIT
  • Astro Japan Property Group
  • Aventus Retail Property Fund
  • Aveo Group
  • BWP Trust
  • Centuria Industrial REIT
  • Charter Hall Group
  • Charter Hall Long Wale REIT
  • Charter Hall Retail REIT
  • Cromwell Property Group
  • Dexus Prop
  • Folkestone Education Trust
  • Gateway Lifestyle Group
  • GDI Property Group
  • Goodman Group
  • GPT Group
  • Growthpoint Properties Australia
  • Hotel Property Investments
  • Industria REIT
  • Investa Office Fund
  • Mirvac Group
  • National Storage REIT
  • Propertylink Group
  • Rural Funds Group
  • Shopping Centres Australasia Property Group
  • Stockland
  • Sydney Airport
  • Transurban Group
  • Vicinity Centres

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