Overseas Market Report – 16-Oct-2024

Overseas Market Report – 16-Oct-2024

U.S. Markets: U.S. stocks ended lower. The DJIA lost 0.8% to 42,740.42, the S&P 500 slipped 0.8% to 5,815.26, and the Nasdaq dropped 1.0% to 18,315.59.


Foreign Equities (15-Oct-2024 / Close)

Index Close Change % Change
Dow Jones (US) 42,740 -325 -0.75%
FTSE 100 (UK) 8,249 -43 -0.52%
HKSE (Hong Kong) 20,319 -774 -3.67%
NASDAQ (US) 18,316 -187 -1.01%
Nikkei 225 (Japan) 39,911 +305 +0.77%
NZX 50 (New Zealand) 12,783 -58 -0.45%
S&P 500 (US) 5,815 -45 -0.76%

Commodities (15-Oct-2024 / Close)

Commodity Close Change % Change
Aluminium (/t) $2,539 -17 -0.66%
Copper (/t) $9,387 -140 -1.47%
Gold (/oz) $2,662 +13 +0.49%
Lead (/t) $2,037 +17 +0.85%
Nickel (/t) $17,163 -246 -1.41%
Oil – West Texas crude (/bbl) $70.60 -3.20 -4.40%
Iron Ore (/t) $107 0 +0.12%
Silver (/oz) $31.50 +0.30 +0.83%
Zinc (/t) $3,031 -33 -1.09%

Currency (15-Oct-2024 / Close)

Currency Pair Close Points Change % Change
$A vs $US 0.6697 -0.0026 -0.39%
$A vs GBP 0.5125 -0.0020 -0.39%
$A vs EUR 0.6150 -0.0012 -0.20%
$A vs YEN 99.93 -0.74 -0.74%
$A vs NZD 1.1045 +0.0004 +0.03%
$A vs CAD 0.9228 -0.0046 -0.49%
$US vs EUR 0.9183 +0.0017 +0.18%
$US vs GBP 0.7653 +0.0001 +0.01%
$US vs CHF 0.8622

Asia Markets

  • China: The Shanghai Composite Index fell 2.5% to 3,201.29, while the Shenzhen Composite Index dropped 2.1% to 1,850.50.
  • Hong Kong: The Hang Seng Index dropped 3.7% to 20,318.79.
  • Japan: The Nikkei 225 rose 0.8% to 39,910.55.
  • India: The BSE SENSEX slipped 0.2% to 81,820.12.

Europe Markets

  • U.K.: The FTSE 100 Index fell 0.5% to 8,249.28.
  • Germany: The DAX dropped 0.1% to 19,486.19.
  • France: The CAC 40 dropped 1.1% to 7,521.97.

North America Markets

U.S. stocks ended lower, with the DJIA down 0.8% at 42,740.42, the S&P 500 slipped 0.8% to 5,815.26, and the Nasdaq dropped 1.0% to 18,315.59.

Top Gainers:

  • Walgreens Boots Alliance Inc: Surged 16.06%.
  • Carnival Corp: Gained 6.63%.
  • Charles Schwab Corp: Rose 6.10%.

Top Decliners:

  • KLA Corp: Fell 14.68%.
  • Lam Research Corp: Dropped 10.85%.
  • Applied Materials Inc: Lost 10.66%.

Australian Market

The Australian share market rallied to another record high amid renewed optimism about the global economy.

ASX Performance:

  • S&P/ASX200: Gained 65.6 points (+0.79%), closing at 8,318.4.
  • All Ordinaries: Gained 69.1 points (+0.81%), closing at 8,598.6.

Sector Highlights:

  • Financial Sector: The biggest gainer, up 1.3%.
    • CBA: Rose 1.8% to $139.29.
    • Westpac: Climbed 1.6% to $31.56.
    • NAB: Gained 1.5% to $38.18.
    • ANZ: Added 0.9% to $31.15.
  • Mining Sector:
    • BHP: Gained 0.5% to $44.01.
    • Fortescue: Added 2.3% to $20.47.
    • Rio Tinto: Advanced 0.9% to $122.07.
  • Energy Sector: The worst performer, down 1.3%.
    • Woodside: Fell 2.2%.
    • Santos: Dropped 1.0%.
    • Whitehaven Coal: Dipped 0.8%.
  • Uranium Companies:
    • Boss Energy: Rose 4.1%.
    • Paladin Energy: Advanced 2.4%.
    • Deep Yellow: Climbed 5.7%.

The Australian dollar hit a one-month low, buying 67.08 US cents, down from 67.32 US cents at Monday’s ASX close.


ASX Summary

  • S&P/ASX200: Up 65.6 points (+0.79%), closing at 8,318.4.
  • All Ordinaries: Gained 69.1 points (+0.81%), closing at 8,598.6.
  • NZX 50: Lost 55.34 points (-0.43%) to 12,785.43.

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