Disclaimer: All information on this section is of a general nature.
Before making any investment decision, you should seek the relevant advice.
Market Opener – 14 Feb 2018
Local Markets Commentary
The Australian market opens mid-week trade with a plethora of large-cap domestic stocks reporting, and CBA trading ex-dividend, ahead of key regional data today and influential releases in the US and euro zone tonight.
Overnight international equities trade leads are mixed and relatively uninspiring, but base metals prices rallied.
Regionally today, China’s foreign direct investment (FDI) is listed for a potential 1pm AEDST release.
Japan is expected to publish December quarter GDP growth 10.50am AEDST.
Locally, a monthly consumer sentiment report is due from the Melbourne Institute and Westpac at 10.30am.
A government department-calculated employment indicator is expected ~2pm.
In overnight commodities trade, gold futures rose a little.
WTI crude settled slightly lower and Brent slightly higher.
Iron ore (China port, 62% Fe) rallied after pulling back the previous two sessions.
LME copper and other key base metals rallied in unison.
The $A depreciated to ~US78.60c after trading beyond ~US78.75c early yesterday evening.
Overseas Market Commentary
Choppy trade featured across major European and US equities markets overnight, although key US indices settled at or near session highs.
The $US headed lower and 10-year US government bond prices were pushed higher.
Meanwhile, the US president heralded possible changes to aluminium and steel import quotas and taxes.
Among scant data releases, UK year-on-year January CPI growth was reported at 3.0%, the same as for December, but largely due to higher energy prices outweighing a fall in food costs.
November’s reading had come in at 3.1%, considerably higher than wages growth and the Bank of England’s preferred ~2%.
Tonight in the US, January CPI figures and retail sales are keenly anticipated.
Across the Atlantic, a second estimated of euro zone December quarter GDP will feature, together with industrial production and a second January CPI reading for Germany.
Cisco Systems, Coca-Cola HBC, Credit Suisse, Kirin Holdings and Shire are among companies scheduled to report earnings or provide trading updates today or tonight.
China’s markets will be closed tomorrow through 21 February (Wednesday next week), due to Lunar New Year.
Hong Kong’s will close at midday local time tomorrow (New Year’s eve) through Monday next week.
US equities markets will be closed Monday, due to a public holiday.
The Australian market opens mid-week trade with a plethora of large-cap domestic stocks reporting, and CBA trading ex-dividend, ahead of key regional data today and influential releases in the US and euro zone tonight.
Overnight international equities trade leads are mixed and relatively uninspiring, but base metals prices rallied.
Regionally today, China’s foreign direct investment (FDI) is listed for a potential 1pm AEDST release.
Japan is expected to publish December quarter GDP growth 10.50am AEDST.
Locally, a monthly consumer sentiment report is due from the Melbourne Institute and Westpac at 10.30am.
A government department-calculated employment indicator is expected ~2pm.
In overnight commodities trade, gold futures rose a little.
WTI crude settled slightly lower and Brent slightly higher.
Iron ore (China port, 62% Fe) rallied after pulling back the previous two sessions.
LME copper and other key base metals rallied in unison.
The $A depreciated to ~US78.60c after trading beyond ~US78.75c early yesterday evening.
Overseas Market Commentary
Choppy trade featured across major European and US equities markets overnight, although key US indices settled at or near session highs.
The $US headed lower and 10-year US government bond prices were pushed higher.
Meanwhile, the US president heralded possible changes to aluminium and steel import quotas and taxes.
Among scant data releases, UK year-on-year January CPI growth was reported at 3.0%, the same as for December, but largely due to higher energy prices outweighing a fall in food costs.
November’s reading had come in at 3.1%, considerably higher than wages growth and the Bank of England’s preferred ~2%.
Tonight in the US, January CPI figures and retail sales are keenly anticipated.
Across the Atlantic, a second estimated of euro zone December quarter GDP will feature, together with industrial production and a second January CPI reading for Germany.
Cisco Systems, Coca-Cola HBC, Credit Suisse, Kirin Holdings and Shire are among companies scheduled to report earnings or provide trading updates today or tonight.
China’s markets will be closed tomorrow through 21 February (Wednesday next week), due to Lunar New Year.
Hong Kong’s will close at midday local time tomorrow (New Year’s eve) through Monday next week.
US equities markets will be closed Monday, due to a public holiday.