Daily Market Reports | 8:51 AM
This story features PANTORO LIMITED, and other companies. For more info SHARE ANALYSIS: PNR
| World Overnight | |||
| SPI Overnight | 8317.00 | + 28.00 | 0.34% |
| S&P ASX 200 | 8310.40 | – 16.60 | – 0.20% |
| S&P500 | 5996.66 | + 59.32 | 1.00% |
| Nasdaq Comp | 19630.20 | + 291.91 | 1.51% |
| DJIA | 43487.83 | + 334.70 | 0.78% |
| S&P500 VIX | 15.97 | – 0.63 | – 3.80% |
| US 10-year yield | 4.61 | + 0.00 | 0.07% |
| USD Index | 109.20 | + 0.39 | 0.35% |
| FTSE100 | 8505.22 | + 113.32 | 1.35% |
| DAX30 | 20903.39 | + 248.00 | 1.20% |
Good morning.
America is celebrating Martin Luther King Jr today while also awaiting the content of some 100 executive orders that reportedly will kick in now the 47th President has been inaugurated.
Also, the negotiated Gaza cease fire agreement commenced on Sunday and the first three hostages have been freed while TikTok went black in the USA only to restore service as Trump granted its owner three more months to find a buyer.
Trump has reportedly told advisors he wants to travel to China, having spoken over the phone with China’s Xi Jinping.
According to the New York Times, the incoming Trump administration intends to carry out post-inauguration immigration raids in Chicago next week.
US equities clocked off with more gains on Friday, led by Nvidia, Tesla and other Megacaps, to notch up their best performance since the November presidential election.
Reports that Intel might become a take-over target had that share price rallying by more than 9%.
The S&P500 climbed 1% on Friday, capping a 2.9% weekly gain. The Nasdaq100 rose 1.7%, while the Dow Jones Industrial Average added 0.8%.
The US bond market has calmed noticeably, which no longer acts as an impediment for equities to rally higher.
The US dollar remains strong. WTI fell to US$77.9/bbl, while gold eased to US$2,703.3/oz.
AUD ended the week at 0.6193, up 0.75%, having been as high as 0.6247 at mid-week.
Looking at this week’s calendar, economists at NAB concluded It is an exceptionally quiet week in Australia with no data of note and nothing from the RBA.
SPI futures are suggesting a modestly positive start to the week for the ASX on Monday morning. The ASX200 is up circa 2% since the US election in November.
On the calendar today:
-Japan Dec machinery orders
-Japan Nov industrial production
-US Public Holiday
-Pantoro ((PNR)) quarterly update
-South32 ((S32)) 4Q 2024 Production
FNArena’s four-weekly calendar: https://fnarena.com/index.php/financial-news/calendar/
| Spot Metals,Minerals & Energy Futures | |||
| Gold (oz) | 2748.70 | + 1.91 | 0.07% |
| Silver (oz) | 31.14 | – 0.46 | – 1.47% |
| Copper (lb) | 4.37 | – 0.07 | – 1.57% |
| Aluminium (lb) | 1.21 | + 0.02 | 1.78% |
| Nickel (lb) | 7.13 | + 0.09 | 1.35% |
| Zinc (lb) | 1.33 | + 0.03 | 2.43% |
| West Texas Crude | 77.39 | – 0.47 | – 0.60% |
| Brent Crude | 80.79 | – 0.49 | – 0.60% |
| Iron Ore (t) | 101.21 | + 0.72 | 0.72% |
The Australian share market over the past thirty days
| Index | 17 Jan 2025 | Week To Date | Month To Date (Jan) | Quarter To Date (Jan-Mar) | Year To Date (2025) |
|---|---|---|---|---|---|
| S&P ASX 200 (ex-div) | 8310.40 | 0.20% | 1.85% | 1.85% | 1.85% |
| BROKER RECOMMENDATION CHANGES PAST THREE TRADING DAYS | |||
| BBN | Baby Bunting | Upgrade to Buy from Neutral | Citi |
| BGL | Bellevue Gold | Upgrade to Hold from Lighten | Ord Minnett |
| BPT | Beach Energy | Downgrade to Sell from Neutral | Citi |
| CAR | CAR Group | Downgrade to Hold from Accumulate | Ord Minnett |
| DRR | Deterra Royalties | Downgrade to Accumulate from Buy | Ord Minnett |
| FMG | Fortescue | Upgrade to Buy from Accumulate | Ord Minnett |
| GMD | Genesis Minerals | Downgrade to Neutral from Buy | UBS |
| GYG | Guzman y Gomez | Upgrade to Neutral from Sell | UBS |
| JIN | Jumbo Interactive | Upgrade to Hold from Lighten | Ord Minnett |
| LOV | Lovisa Holdings | Upgrade to Overweight from Equal-weight | Morgan Stanley |
| LTR | Liontown Resources | Upgrade to Hold from Lighten | Ord Minnett |
| MND | Monadelphous Group | Downgrade to Neutral from Outperform | Macquarie |
| NAN | Nanosonics | Upgrade to Neutral from Sell | Citi |
| OML | oOh!media | Upgrade to Outperform from Neutral | Macquarie |
| RMD | ResMed | Upgrade to Buy from Hold | Ord Minnett |
For more detail go to FNArena’s Australian Broker Call Report, which is updated each morning, Mon-Fri.
All overnight and intraday prices, average prices, currency conversions and charts for stock indices, currencies, commodities, bonds, VIX and more available on the FNArena website. Click here. (Subscribers can access prices on the website.)
(Readers should note that all commentary, observations, names and calculations are provided for informative and educational purposes only. Investors should always consult with their licensed investment advisor first, before making any decisions. All views expressed are the author’s and not by association FNArena’s – see disclaimer on the website)
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For more info SHARE ANALYSIS: PNR - PANTORO LIMITED
For more info SHARE ANALYSIS: S32 - SOUTH32 LIMITED