Mon 20 Nov 2017


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In Portfolioticker today

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  • Today at the stock market Opinion
  • The portfolio today Opinion
  • News
  • flag_japan Japan Update
  • flag_china China Update
  • Today at the stock market

    bull/bearU.S. stocks rose on Monday, with Verizon boosting the telecoms sector after the stock got an upgrade, while a deal in semiconductors lifted high-performing tech shares. With no major earnings or economic data scheduled this week, trading volumes were thin and expected to get even quieter leading up to the Thanksgiving holiday on Thursday and an early market close on Friday. Overall trading volume was the lightest in a month.

    • The S&P 500 index rose 3.29 points, or 0.13%, to 2,582.14
    • The Dow Jones Industrial Average rose 72.09 points, or 0.31%, to 23,430.33
    • The Nasdaq Composite index rose 7.92 points, or 0.12%, to 6,790.71
    • Small cap stocks on the Russell 2000 rose 0.7%, outperforming the large-cap indexes
    • Advancing issues outnumbered declining ones on the NYSE by a 1.50-to-1 ratio; on Nasdaq, a 1.54-to-1 ratio favored advancers
    • The S&P 500 posted 42 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 129 new highs and 28 new lows.
    • About 5.67 billion shares changed hands in U.S. exchanges, far below the 6.81 billion daily average over the last 20 sessions and the lightest since 18 Ovt 2017.

    Verizon boosted the telecom services sector of the S&P 500 with a 1.7% advance to $46.20 after a Wells Fargo note highlighted the stock’s valuation and said it is “an attractive yield play.”

    Telecoms are down 17% this year, compared with a 15% advance on the S&P 500. “There’s a bounce in telecoms, which have been the worst group so far this year. There’s always a chance that something disrupts the apple cart, but there’s very little news and a lot of people focusing on the football games and the turkey dinner,” said Eric Kuby, chief investment officer at North Star Investment Management Corp in Chicago.

    Cavium touched a record high of $84.41 after larger rival Marvell said it would buy the company for about $6 billion. Cavium shares were last up 10.8% at $84.02 and Marvell shares rose 6.4% to $21.59. Story: Reuters

    Time Warner Inc shares slid after reports the U.S. Justice Department will sue to prevent AT&T from buying Time Warner. Time Warner ended down 1.1% at $87.71.

    Health stocks were weighed by a 2.0% drop in Merck to $54.10 and a 0.8% fall in Bristol-Myers after Roche announced positive trial results for a competing cancer drug.Reuters

    Market indices

    Market indices
    ^ Market indices today (mouseover for 12 month view) Chart: Google Finance

    Index Ticker Today Change 31 Dec 16 YTD
    S&P 500 SPX (INX) 2,582.14 +0.12% 2,238.83 +15.33%
    DJIA INDU 23,430.33 +0.30% 19,762.60 +18.55%
    NASDAQ IXIC 6,790.71 +0.11% 5,383.12 +26.14%

    Portfolio Indices

    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 3.054 -0.13% 2.105 +45.08%
    Valuation Rate USD/AUD 0.75973 -0.26% 0.72663 +4.55%
    AUD-denominated Index AUD 4.020 +0.12% 2.895 +38.86%

    Portfolio stock prices

    VMware closed on a record high of $124.06, up 0.65% on Friday’s record of $123.26.

    Stock Ticker Today Change 31 Dec 16 YTD
    Alphabet A GOOGL $1,034.66 -0.12% $792.45 +30.56%
    Alphabet C GOOG $1,018.38 -0.07% $771.82 +31.94%
    Apple AAPL $169.94 -0.13% $115.82 +46.72%
    Amazon AMZN $1,126.40 -0.31% $749.87 +50.21%
    Ebay EBAY $35.52 -0.17% $29.69 +19.63%
    Facebook FB $178.74 -0.15% $115.05 +55.35%
    PayPal PYPL $76.00 -0.50% $39.47 +92.55%
    Twitter TWTR $21.13 +1.78% $16.30 +29.63%
    Visa V $109.95 +0.11% $78.02 +40.92%
    VMware VMW $124.06 +0.64% $78.73 +57.57%

    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) rose 0.4%, the first gain in a week.
    The EUR fell 0.5% to USD1.173.
    Britain’s GBP climbed 0.2% to USD1.3235, the strongest in almost 3 weeks.
    japan’s JPY declined 0.5% to 112.62 per USD.
    Bloomberg

    AUD

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

    Oil and Gas Futures

    Oil prices slipped on Monday, extending recent weakness ahead of an OPEC meeting next week, while a rally in the USD negatively affected commodities across the board.Reuters

    Futures prices

    Prices are as at 15:48ET

    • NYMEX West Texas Intermediate (WTI): $56.09/barrel -0.81% (14:29 ET) Chart
    • ICE (London) Brent North Sea Crude: $62.12/barrel -0.96% Chart
    • NYMEX Natural gas futures: $3.03/MMBTU -2.03% Chart

    flag_usa US: Fed Chair Yellen Resignation

    Federal Reserve Press Release

    Janet L. Yellen submitted her resignation Monday as a Member of the Board of Governors of the Federal Reserve System, effective upon the swearing in of her successor as Chair.

    Dr. Yellen, 71, was appointed to the Board by President Obama for an unexpired term ending January 31, 2024. Her term as Chair expires on February 3, 2018. She also serves as Chair of the Federal Open Market Committee, the System’s principal monetary policymaking body.

    Prior to her appointment as Chair, Dr. Yellen served as Vice Chair of the Board of Governors, from October 2010 to February 2014, and as President of the Federal Reserve Bank of San Francisco, from June 2004 to October 2010. She was initially appointed to the Board by President Clinton in August 1994 and served until February 1997, when she resigned to serve as Chair of the President’s Council of Economic Advisers, until August 1999.

    Dr. Yellen is Professor Emerita at the University of California at Berkeley, where she has been a member of the faculty since 1980. She was born in Brooklyn, New York, in August 1946 and received her undergraduate degree in economics from Brown University in 1967 and her Ph.D. in economics from Yale University in 1971. Dr. Yellen is married and has an adult son.

    US Federal Reserve, “Janet L. Yellen will step down as a Member of the Board of Governors of the Federal Reserve System, effective upon the swearing in of her successor as Chair“, 20 Nov 2017 (14:00) Statement

    flag_usa US: Conference Board Leading Economic Index.
    Oct 2017

    Press Release Extract [ser_us_lei]

    The Conference Board Leading Economic Index® (LEI)for theU.S. increased 1.2 percent in October to 130.4 (2010 = 100), following a 0.1 percent increase in September, and a 0.4 percent increase in August.

    “The US LEI increased sharply in October, as the impact of the hurricanes dissipated,” said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. “The growth of the LEI, coupled with widespread strengths among its components, suggests that solid growth in the US economy will continue through the holiday season and into the new year.”

    The Conference Board Coincident Economic Index® (CEI) for the U.S. increased 0.3 percent in October to 116.2 (2010 = 100), following a 0.1 percent increase in September, and no change in August.

    The Conference Board Lagging Economic Index® (LAG) for the U.S. increased 0.2 percent in October to 125.5 (2010 = 100), following no change in September, and a 0.2 percent increase in August.

    The Conference Board, “Leading Economic Index® (LEI) for the U.S. Increased in October – Solid Growth to Continue into 2018“, 20 Nov 2017 (10:00) More

    flag_japan Japan update

    Trade Statistics (Provisional). Oct 2017

    Press Release Extract [jp_trade]

    Value of Exports and Imports Oct 2017 (Provisional)

    Unit: JPY millions) Oct 2017 Oct 2016 Change
    Exports 6,693,073 5,870,246 +14.0%
    Imports 6,407,715 5,389,091 +18.9%
    Exports 285,358 481.155 -40.7%

    Ministry of Finance – Customs and Tariff Bureau, “Trade Statistics (Provisional). Oct 2017“, 20 Nov 2017 More

    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

    And … after work

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