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Overseas Market Report

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Overseas Market Report - International Markets Roundup

Monday 22 April 2019 | Close

[Morningstar with AAP]: US stocks ended a low-volume trading session little changed on Monday, with the biggest gains in the energy sector as investors otherwise stayed on the sidelines ahead of quarterly earnings.

Monday 22 April 2019 | Close

Foreign Equities Close Change %Change
Dow Jones (US) 26511 -48 -0.18
S&P 500 2908 3 0.10
NASDAQ 8015 17 0.22
FTSE 100 Index 7460 -11 -0.15
DAX 30 12222 69 0.57
CAC 40 5580 17 0.31
Nikkei 225 (Japan) 22218 17 0.08
HKSE 29963 -161 -0.54
SSE Composite Index 3250 -13 -0.40
NZ 50 9960 -23 -0.23

Monday 22 April 2019 | Close

Commodities US$ Close Change %Change
Aluminium /t 1853 0 --
Copper /t 6461 0 --
Nickel /t 12588 0 --
Gold /oz 1275 0 0.02
Silver /oz 15.0 -- -0.03
Oil - West Texas crude /bbl 65.6 1.5 2.31
Lead /t 1921 0 --
Zinc /t 2867 0 --

Monday 22 April 2019 | Close

Currency Close Pts Change % Change
$A vs $US 0.7135 -0.0010 -0.14
$A vs GBP 0.5497 -0.0003 -0.05
$A vs YEN 79.86 -0.06 -0.07
$A vs EUR 0.6338 -0.0018 -0.28
$A vs $NZ 1.0681 0.0003 0.03
$US vs Euro 0.8881 -0.0012 -0.14
$US vs UK 0.7702 0.0007 0.09
$US vs CHF 1.0155 0.0011 0.11

[Morningstar with AAP]: US stocks ended a low-volume trading session little changed on Monday, with the biggest gains in the energy sector as investors otherwise stayed on the sidelines ahead of quarterly earnings.


China stocks fell from a 13-month high on Monday, posting their worst session in nearly four weeks, as comments from top policymaking bodies raised investor fears that Beijing will slow the pace of policy easing after some signs of stabilisation in the world's second-largest economy.

The blue-chip CSI300 index fell 2.3 per cent, to 4,025.61, while the Shanghai Composite Index skid 1.7 per cent to 3,215.04, both logging their biggest single-day drop since 25 March.

China will maintain policy support for the economy, which still faces "downward pressure" and difficulties after better-than-expected first-quarter growth, a top decision-making body of the Communist Party said on Friday.

Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.24 per cent, while Japan's Nikkei index closed up 0.08 per cent.

In Hong Kong, the Hang Seng did not trade.


Major European markets did not trade for the Easter Monday holiday. The London Metal Exchange was also closed.

N America

US stocks ended a low-volume trading session little changed on Monday, with the biggest gains in the energy sector as investors otherwise stayed on the sidelines ahead of quarterly earnings.

Investors were waiting for some of the biggest S&P 500 companies, including Boeing Co, Amazon.com and Facebook to report first-quarter results later in the week. Additional reports could ease investor fears of an earnings recession.

Trading volume - which was the lowest so far in 2019 - was also muted by the fact that some investors were still on vacation after Friday's US market holiday and because markets were closed in parts of Europe and Asia on Monday.

Orlando was impressed with the latest GDPNow forecast from the Atlanta Federal Reserve for a first-quarter expansion of 2.8 per cent compared with a 0.2 per cent forecast a month ago.

S&P 500 profits are expected to drop 1.7 per cent year-over-year, according to Refinitiv data, in what would be the first earnings contraction since 2016.

But more than three-quarters of 82 S&P 500 companies that have reported so far have surpassed beaten-down expectations.

With the S&P trading at less than 1 per cent below its record high reached in September, investors were also waiting for upcoming data such as first-quarter GDP before making bigger bets.

The Dow Jones Industrial Average fell 48.49 points, or 0.18 per cent, to 26,511.05, the S&P 500 gained 2.94 points, or 0.10 per cent, to 2,907.97 and the Nasdaq Composite added 17.21 points, or 0.22 per cent, to 8,015.27.

The S&P energy index jumped 2.1 per cent in its biggest one-day percentage gain since January, as oil prices surged on the US' move to further clampdown on Iranian oil exports, tightening global supplies.

But seven of the 11 major S&P sectors ended the day lower, led by a 1 per cent drop in the real estate index.

Intuitive Surgical fell 7 per cent and was the biggest drag on the S&P 500 after the surgical robotics maker's quarterly profit missed analysts' estimates.

Kimberly-Clark Corp gained 5.4 per cent, touching a near two-year high, after the consumer products maker reported better-than-expected earnings.

The PHLX Housing index fell 0.97 per cent after data showed US home sales fell more than expected in March, pointing to continued weakness in the housing market.

Australian Market

Local Markets Are Expected to Open Higher

Ahead of the local open SPI futures were 26 points higher at 6,270.

Local Markets were closed Monday 22 April for Easter Monday.

Annual General Meetings today (ASX 300)

  • No Annual General Meetings today

Companies trading ex-dividend today (ASX 300)

  • NRW Holdings Limited
  • Ridley Corporation Limited

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

  • No Companies trading ex-dividend next business day (ASX 300)

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