Mon 12 Jun 2017


 NBR  Nightly Business Report.
 BTV  Bloomberg Technology: Market Report (Caroline Hyde).

In Portfolioticker today

Today at the stock market

bull/bearU.S. technology shares fell a second day after spreading to Asia and Europe on concern the group had risen too far too quickly. The Nasdaq 100 Index capped its biggest 2-day decline since Sep 2016 after closing Thursday with a 21% gain for the year.

  • The tech-heavy Nasdaq 100 fell 0.6% at 4 p.m. in New York, adding to its 2.4 percent rout on Friday. Apple fell 2.5% while Microsoft Corp. slid 0.8%.
  • Losses in the S&P 500 Index were muted, with the benchmark gauge down 0.1%. Energy and phone shares advanced more than 0.6%.
  • Samsung Electronics Co., ASML Holding NV and Tencent Holdings Ltd. led declines in Europe and Asia.
  • The Stoxx Europe 600 Index slid 1%, with ASML Holding dropping 3.8%.
  • France’s CAC 40 lost 1.1% even as Emmanuel Macron’s Republique en Marche (Republic on the Move, REM) headed for a clear majority in the National Assembly. The success of REM in the first and second election rounds appears to be largely priced in.
  • Emerging market equities slid 1.1%.

The sudden slide in tech stocks, which had helped send global equities to repeated record levels this year, blindsided many investors after markets largely brushed aside last week’s trio of risk events. The question now is whether the drops represent merely a pause or a more fundamental crack in the U.S. stock bull market. The Nasdaq 100 fell as much as 2% before paring losses into the close.

Meanwhile, in Washington the drama continues. Attorney General Jeff Sessions will testify Tuesday to the Senate Intelligence Committee to answer questions about alleged Russian meddling in the 2016 presidential election. And the Fed is this week set to lift rates, leading a pack of central banks that are mostly nodding in the direction of removing ultra-accommodative policy.Bloomberg

Market indices

Index Ticker Today Change 31 Dec 16 YTD
S&P 500 SPX (INX) 2,429.39 -0.10% 2,238.83 +8.51%
DJIA INDU 21,235.67 -0.18% 19,762.60 +7.45%
NASDAQ IXIC 6,175.46 -0.53% 5,383.12 +14.71%

The portfolio today

USD and AUD denominated indices over the past 52 weeks (Chart: Bunting)
^ USD and AUD denominated indices over the past 52 weeks Chart: Bunting

Index values

Index Currency Today Change 31 Dec 16 YTD
USD-denominated Index USD 2.624 -1.96% 2.105 +24.66%
Valuation Rate USD/AUD 0.75939 +0.18% 0.72663 +4.50%
AUD-denominated Index AUD 3.456 -2.13% 2.895 +19.37%

Portfolio stock prices

Stock Ticker Today Change 31 Dec 16 YTD
Alphabet A GOOGL $961.81 -0.86% $792.45 +21.37%
Alphabet C GOOG $942.90 -0.73% $771.82 +22.16%
Apple AAPL $145.32 -2.46% $115.82 +25.47%
Amazon AMZN $964.83 -1.38% $749.87 +28.66%
Ebay EBAY $34.15 -2.26% $29.69 +15.02%
Facebook FB $148.44 -0.78% $115.05 +29.02%
PayPal PYPL $52.16 -2.32% $39.47 +32.15%
Twitter TWTR $17.04 +0.83% $16.30 +4.53%
Visa V $93.50 -1.12% $78.02 +19.84%
VMware VMW $87.36 -0.31% $78.73 +10.96%

FX: USD/AUD

USD

DXY movements
^ Bloomberg Dollar Spot Index (DXY) movements today (mouseover for 12 month view) Chart: Bloomberg

The Bloomberg Dollar Spot Index (DXY) fell 0.1% after gaining 0.5% over the previous three sessions.
Britain’s GBP fell 0.7% to USD 1.2656 as an embattled Theresa May fought to survive the fallout from the British general election. The GBP lost 1.6% last Friday.
The EUR strengthened 0.1% to USD1.1203.
Bloomberg

AUD

The Australian sharemarket is closed today for the Queen’s Birthday public holiday, even though it’s not her birthday (Queen Elizabeth II was born on 6 Feb 1926). In some Australian states it is celebrated on different days (e.g. Western Australia: 25 Sep, Queensland: 2 Oct).
In Australia the Queen’s Birthday is really a day of government patronage where, at the discretion of the government of the day, some 900 members of the Establishment get awarded honours. 2017 List

AUD movements
^ AUD movements against the USD today (mouseover for 12 month view) Chart: xe.com

Oil and Gas Futures

Futures prices

West Texas crude futures rose 0.6% to settle at $46.08/barrel after Saudi Arabia and Russia sought to reassure investors that coordinated production cuts by OPEC and its partners are draining a global glut. Bloomberg

Prices are as at 15:49 ET

  • NYMEX West Texas Intermediate (WTI): $46.06/barrel +0.50% Chart
  • ICE (London) Brent North Sea Crude: $48.30/barrel +0.31% Chart
  • NYMEX Natural gas futures: $3.00/MMBTU -1.22% Chart

flag_japan Japan update

Currency: USD/JPY

JPY movements
^ JPY movements against the USD over the past month (mouseover for inverse) Chart: xe.com

Stockmarket: Nikkei 225

N225 movements
^ Nikkei N225 movements over the past week Chart: Google Finance

flag_china China update

Currency: USD/CNY

CNY movements
^ CNY movements against the USD over the past month (mouseover for inverse) Chart: xe.com

Stockmarket: CSI300

CSI300 movements
^ Shanghai CSI300 movements over the past week Chart: Google Finance