Summary:
Wednesday 12-December-2018
| Australia | Value | Chg |
|---|---|---|
| S&P/ASX All Ordinaries Index | 5,727.3 | 76.1 |
| S&P/ASX 200 Index | 5,653.5 | 77.6 |
| ASX Volume (million) | 1,658.1 | -19.1 |
| ASX Advances | 718 | --- |
| ASX Declines | 500 | --- |
| ASX Value ($ million) | 6,091.0 | 867.9 |
| RBA cash rate | 1.50 | 0.00 |
| 90 day bank bill rate | 2.02 | 0.00 |
| 10 year Treasury bond yield | 2.45 | -0.01 |
| AUD/USD | 0.7215 | 0.0010 |
| AUD/TWI | 62.5 | 0.1 |
| USD/JPY | 113.47 | 0.40 |
| EUR/USD | 1.1327 | -0.0043 |
| Asia | Value | Chg |
|---|---|---|
| Nikkei 225 Index | 21,602.8 | 454.7 |
| Hang Seng Index | 26,186.7 | 415.0 |
| Europe | Value | Chg |
|---|---|---|
| FTSE 100 Index | 6,880.2 | 73.3 |
| DAX Index | 10,929.4 | 148.9 |
| North America | Value | Chg |
|---|---|---|
| Dow Jones Industrial Average | 24,527.27 | 154.52 |
| NYSE Volume (million) | 982.8 | 97.0 |
| NYSE Advances | 1,973 | --- |
| NYSE Declines | 1,043 | --- |
| NASDAQ Composite Index | 7,098.31 | 64.32 |
| NASDAQ Volume (million) | 2,379.0 | 159.3 |
| NASDAQ Advances | 2,091 | --- |
| NASDAQ Declines | 1,001 | --- |
| US 3 month Treasury bill rate | 2.43 | 0.02 |
| US 10 year Treasury bond yield | 2.91 | 0.03 |
| Commodities | Value | Chg |
|---|---|---|
| London PM gold price (US$/oz) | 1,245.30 | -0.05 |
| WTI crude oil price (US$/bbl | 51.15 | -0.58 |
Market News
The Australian share market grinds steadily higher amid more positive signs in US-China trade negotiations. The Wall Street Journal reports that China has agreed to lower import tariffs on US made autos from 40% to 15%.S&P/ASX 200 Intraday
ABS figures show lending for owner-occupied housing up 3.5% in October 2018 but down 2.3% for personal finance and 3.1% for commercial loans.
Galaxy Resources (GXY) rallies 5.8% after its latest exploration update from the Mount Cattlin project in Western Australia.
Maca (MLD) gains 1.1% after winning a mill construction contract worth approximately $28 million from privately-owned at Adaman Resources Pty Ltd.
Gold miners among the days worst performers with Silver Lake Resources (SLR) -3.9%, St Barbara (SBM) -3.7%, Gold Road Resources (GOR) -3.2%, Regis Resources (RRL) -3.1% and OceanaGold Corporation (OGC) -3.0%.
Mayne Pharma Group (MYX) jumps 6.2% on news that the US Food and Drug Administration (FDA) had approved its application for Tolsura, a fungal infection treatment.
S&P/ASX Sector Indices (% change)
Helloworld Travel (HLO) climbs 1.7% after its Investor Day presentations in Sydney.
Thorney Technologies (TEK) surges 13.2% after high-profile investor Alex Waislitz buys another 500,000 shares in the company.
Solid gains in the energy sector with Origin Energy (ORG) +3.6%, Cooper Energy (COE) +3.6%, Woodside Petroleum (WPL) +2.3% and Whitehaven Coal (WHC) +2.1%.
Altium (ALU) up 5.6% after broker Goldman Sachs initiates research coverage with a buy recommendation.
Westpac Banking Corporation (WBC) adds 1.6% despite receiving a 'first strike' against its remuneration report at today's AGM.
Westpac-Melbourne Institute consumer sentiment index edges 0.1% higher to 104.4 in December 2018.
Sonic Healthcare (SHL) in a trading halt as it launches a $600 million capital raising to acquire US pathology group Aurora Diagnostics LLC.
ASX Market Moving Stocks
British PM Theresa May survives a no confidence vote on her leadership by a margin of 200-117.
US CPI flat in November 2018 and 2.2% higher for the year. Excluding food and energy, the CPI is up 0.2% in the month and 2.2% for the year.
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