In Portfolioticker today
- Today at the stock market
- The portfolio today
- Japan Update
- China Update
Today at the stock market
“U.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 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
|Index||Ticker||Today||Change||31 Dec 16||YTD|
|S&P 500||SPX (INX)||2,429.39||-0.10%||2,238.83||+8.51%|
The portfolio today
^ USD and AUD denominated indices over the past 52 weeks Chart: Bunting
|Index||Currency||Today||Change||31 Dec 16||YTD|
Portfolio stock prices
|Stock||Ticker||Today||Change||31 Dec 16||YTD|
^ 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
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 against the USD today (mouseover for 12 month view) Chart: xe.com
Oil and Gas Futures
“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
^ JPY movements against the USD over the past month (mouseover for inverse) Chart: xe.com
Stockmarket: Nikkei 225
^ Nikkei N225 movements over the past week Chart: Google Finance
^ CNY movements against the USD over the past month (mouseover for inverse) Chart: xe.com
^ Shanghai CSI300 movements over the past week Chart: Google Finance