Mon 12 Mar 2018


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In Portfolioticker today

read_this Hey Jarvis, how did we go today?

Today at the stock market

bull/bearInvestor concerns about rising U.S. oil output sent crude prices down on Monday, but investors stayed bullish on U.S. Treasuries despite an increased supply of three- and 10-year notes. U.S. Stocks closed mixed, with the S&P 500 and Dow Jones Industrial Average ending in the red, while the Nasdaq Composite added about 28 points.

  • The S&P 500 index fell 3.55 points, or 0.13%, to 2,783.02.
  • The Dow Jones Industrial Average fell 157.13 points, or 0.62%, to 25,178.61.
  • The Nasdaq Composite index rose 27.52 points, or 0.36%, to 7,588.33.

Anwiti Bahuguna, a senior portfolio manager at Columbia Threadneedle in Boston, pointed to after-effects of Friday’s employment report.

“We’ve seen stable, modest wage growth, nothing that should be considered harmful for equity markets,” Bahuguna said. “It was a Goldilocks sort of report, and the market is still digesting it. What we’re looking ahead to is the inflation report.”

The broader trend remained positive for Wall Street’s main indexes, which had closed up nearly 2% on Friday on the strength of the jobs report. They have nearly reversed declines in recent weeks as investors had begun to fear higher wages might lead to price pressures.

Last week’s jobs data, as well as an easing of fears of a global trade war, also boosted stocks across many parts of the world.

On Monday, benchmark 10-year notes last rose 8/32 in price to yield 2.8663%, hovering near multi-year highs.

The Treasury on Monday sold $28 billion of three-year notes and $21 billion of the 10-year notes, in what analyst George Goncalves called an “on-the-screws type auction.”

Increased supply did not quell demand for the U.S. government debt, a positive sign for the heavy issuance expected in the year ahead.

“Nothing really stood out,” said Goncalves, head of U.S. rates strategy at Nomura Securities International in New York. “You can consider that a good thing, given this year will see more and more Treasuries issued.”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) 2,783.02 -0.13% 2,238.83 +4.09%
DJIA INDU 25,178.61 -0.63% 19,762.60 +1.85%
NASDAQ IXIC 7,588.32 +0.36% 5,383.12 +9.92%

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 3.405 +0.82% 2.105 +11.00%
Valuation Rate USD/AUD 0.79283 +0.38% 0.72663 +0.96%
AUD-denominated Index AUD 4.297 +0.43% 2.895 +9.95%

Portfolio stock prices

:-) Apple closed on a record high of $181.72, up 0.97% on Friday’s record close of $179.98.
:-) Amazon closed on a record high of $1,598.39, up 1.24% on Friday’s record close of $1,578.89.

Stock Ticker Today Change 31 Dec 17 YTD
Alphabet A GOOGL $1,165.93 +0.43% $1,053.00 +10.72%
Alphabet C GOOG $1,164.50 +0.38% $1,045.65 +11.36%
Apple AAPL $181.72 +0.96% $169.23 +7.38%
Amazon AMZN $1,598.39 +1.23% $1,169.54 +36.66%
Ebay EBAY $43.90 +0.20% $37.76 +16.26%
Facebook FB $184.76 -0.26% $176.46 +4.70%
PayPal PYPL $80.60 -0.14% $73.61 +9.49%
Twitter TWTR $35.50 +0.42% $24.01 +47.85%
Visa V $124.24 -0.22% $114.02 +8.96%
VMware VMW $127.17 +1.05% $125.32 +1.47%

FX: USD/AUD

USD

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

In currencies, investors’ appetite for riskier bets hurt the USD. Bloomberg’s Dollar Spot Index (DXY) fell 0.21%, with the EUR up 0.27% to USD 1.2338.

The Japanese JPY strengthened 0.37% to 106.39 per USD.
Britain’s GBP was last trading at $1.3906, up 0.40% on the day.
Reuters

AUD

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

Oil and Gas Futures

Energy investors weighed increased U.S. supply against the likelihood that the Organization of the Petroleum Exporting Countries (OPEC) will maintain supply cuts that have been in effect more than a year.

“The market continues to flip back and forth on the idea that increased global demand and a production cut is going to support prices,” said Gene McGillian, director of market research at Tradition Energy.

U.S. crude was last at $61.37, down 1.08%. Brent was last at $64.96, down 0.81% on the day. During the session, U.S. crude fell as much as 2.21%. Some of that early slide was probably profit-taking after a rise on Friday, said Jim Ritterbusch, president of energy advisory firm Ritterbusch & Associates.

On Friday, crude prices rose after U.S. data showed the economy in Feb 2018 added the most jobs in more than 1%frac12; years.Reuters

Futures prices

Prices are as at 15:48 EDT

  • NYMEX West Texas Intermediate (WTI): $61.33/barrel -1.14% Chart
  • ICE (London) Brent North Sea Crude: $64.95/barrel -0.82% Chart
  • NYMEX Natural gas futures: $2.78/MMBTU +1.72% Chart

flag_usa NASDAQ and NYSE on EDT

Press Release Extract [us_edt]

NASDAQ and NYSE markets have shifted to daylight saving EDT.

flag_japan Japan update

Currency: USD/JPY

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

The JPY strengthened as political clouds gathered around Japan’s Finance Ministry, run by a stalwart ally of Prime Minister Shinzo Abe. Finance Minister Taro Aso is under pressure after his ministry altered documents tied to a controversial land sale. Aso has been Abe’s deputy since he took office in Dec 2012, and is seen as a key backer of the Abenomics program, part of which focuses on weakening the yen to boost the nation’s exports.Bloomberg

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: xe.com

Stockmarket: CSI300

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