Friday 23 Feb 2018

Shows:  watch Nightly Business Report. watch PBS NewsHour. watch Bloomberg Technology.
Special: watch Elon Musk’s Tesla spotted by astronomers. watch Launch: 6 Feb 2018. watch Bowie.
Indices: chart Market Today. Market (52 weeks). Portfolio (52 weeks).
FX:        chart USD Today. USD Year. AUD Today. AUD Year.

In Portfolioticker today

read_this Hey Jarvis, how did we go today?

  • 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 rallied on Friday, lifted by gains in technology stocks and a retreat in Treasury yields as the Federal Reserve eased concerns about the path of interest rate hikes this year.

    • The S&P 500 index rose 43.34 points, or 1.60%, to 2,747.30
    • The Dow Jones Industrial Average rose 347.51 points, or 1.39%, to 25,309.99
    • The Nasdaq Composite index added 127.30 points, or 1.77%, to 7,337.39.
    • For the week, the S&P advanced 0.56%, the Dow rose 0.37%, and the Nasdaq gained 1.35%.
    • Benchmark 10-year U.S. Treasury notes last rose 13/32 in price to yield 2.8714%, from 2.917% late on Thursday.
    • Advancing issues outnumbered declining ones on the NYSE by a 4.54-to-1 ratio; on Nasdaq, a 2.82-to-1 ratio favored advancers.
    • The S&P 500 posted 10 new 52-week highs and one new low; the Nasdaq Composite recorded 64 new highs and 57 new lows.
    • Volume on U.S. exchanges was 6.05 billion shares, well below the 8.38 billion average over the last 20 trading days.

    The U.S. central bank, looking past the recent stock market sell-off and inflation concerns, said it expected economic growth to remain steady and saw no serious risks on the horizon that might pause its planned pace of rate hikes.

    Investors largely expect the Fed to raise rates three times this year, beginning with its next meeting in Mar 2018, the first under new Chair Jerome Powell. Traders currently see a 95.5% chance of a quarter-percentage-point hike next month, according to Thomson Reuters data.

    “Certainly bond yields pulling back today is helpful for stocks, at least for the short term, that has been the narrative that is out there – that higher bond yields are weighing on stocks and this preoccupation with three percent,” said Willie Delwiche, investment strategist at Baird in Milwaukee. “So moving away from that, for today at least, provides a bid for equities.”

    Powell’s first public outing will be on Tuesday, when he will testify separately before the House and Senate committees.

    Today’s dip in yields helped boost bond proxy sectors such as utilities, up 2.66%, and real estate, up 1.72%. The sectors have been among the worst performers so far this year on expectations of climbing rates.

    The two companies created from the split of Hewlett Packard Co in 2015, reported strong results and HPE also announced a plan to return $7 billion to shareholders.

    Blue Buffalo Pet Products jumped 17.23% after General Mills said it would buy the natural pet food maker for $8 billion. General Mills was the biggest percentage decline on S&P 500, falling 3.59%.Reuters

    Market indices

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

    Index Ticker Today Change 31 Dec 17 YTD
    S&P 500 SPX (INX) 2,747.30 +1.60% 2,673.61 +2.75%
    DJIA INDU 25,309.99 +1.39% 24,719.22 +2.38%
    NASDAQ IXIC 7,337.39 +1.76% 6,903.39 +6.28%

    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 17 YTD
    USD-denominated Index USD 3.286 +1.52% 3.068 +7.12%
    Valuation Rate USD/AUD 0.78843 -0.12% 0.78528 +0.40%
    AUD-denominated Index AUD 4.170 +1.64% 3.909 +6.69%

    Portfolio stock prices

    :-) Amazon closed on a record high of $1,500.00, up 0.99% on yesterday’s record $1,485.34.

    Stock Ticker Today Change 31 Dec 17 YTD
    Alphabet A GOOGL $1,128.09 +1.63% $1,053.00 +7.13%
    Alphabet C GOOG $1,126.79 +1.82% $1,045.65 +7.75%
    Apple AAPL $175.50 +1.53% $169.23 +3.70%
    Amazon AMZN $1,500.00 +0.98% $1,169.54 +28.25%
    Ebay EBAY $43.68 +1.98% $37.76 +15.67%
    Facebook FB $183.29 +2.40% $176.46 +3.87%
    PayPal PYPL $79.69 +2.56% $73.61 +8.25%
    Twitter TWTR $32.66 +1.71% $24.01 +36.02%
    Visa V $122.93 +2.11% $114.02 +7.81%
    VMware VMW $126.42 +0.95% $125.32 +0.87%



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

    The Bloomberg Dollar Spot Index (DXY) fell less than 0.1%.
    The EUR rose 0.2% to USD 1.2301.
    Britain’s GBP 0.1% to $1.3971.
    Japan’s JPY fell 0.1% to 106.826 per USD.

    The yield on 10-year Treasuries fell 5 basis points to 2.87%. It rose as high as 2.95% on Wednesday.
    The 2-year yield was flat at 2.24%.
    Germany’s 10-year yield fell 5 basis points to 0.653%, the lowest in 4 weeks.
    Japan’s 10-year yield dipped less than one basis point to 0.05%.


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

    Oil and Gas Futures

    Futures prices

    Prices are as at 15:49 ET

    • NYMEX West Texas Intermediate (WTI): $63.56/barrel +1.26% Chart
    • ICE (London) Brent North Sea Crude: $67.31/barrel +1.39% Chart
    • NYMEX Natural gas futures: $2.63/MMBTU -0.23% Chart

    flag_europe EU: Inflation (HICP). Jan 2018

    Press Release Extract [eu_cpi]

    Euro area annual inflation rate was 1.3% in January 2018, down from 1.4% in December 2017. In January 2017, the rate was 1.8%. European Union annual inflation was 1.6% in January 2018, down from 1.7% in December 2017.


    The lowest annual rates were registered in Cyprus (-1.5%), Greece (0.2%) and Ireland (0.3%). The highest annual rates were recorded in Lithuania and Estonia (both 3.6%) and Romania (3.4%). Compared with December 2017, annual inflation fell in twenty-one Member States, remained stable in one and rose in six.


    In January 2018, the highest contribution to the annual euro area inflation rate came from services (+0.56 percentage point), followed by food, alcohol & tobacco (+0.39 pp), energy (+0.22 pp) and non-energy industrial goods (+0.15 pp).

    Eurostat, “Inflation (HICP). Jan 2018“, 23 Feb 2018 More

    flag_japan Japan update

    Currency: USD/JPY

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

    Stockmarket: Nikkei 225

    n225 movements
    ^ Nikkei 225 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:

    Stockmarket: CSI300

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