Overseas Market Report – Markets Roundup

Overseas Market Report – Markets Roundup (17-Oct-2024)

U.S. Markets: U.S. stocks ended higher. The DJIA rose 0.8% to 43,077.70, the S&P 500 added 0.5% to 5,842.47, and the Nasdaq gained 0.3% to 18,367.08.


Foreign Equities (16-Oct-2024 / Close)

Index Close Change % Change
Dow Jones (US) 43,078 +337 +0.79%
FTSE 100 (UK) 8,329 +80 +0.97%
HKSE (Hong Kong) 20,287 -32 -0.16%
NASDAQ (US) 18,367 +51 +0.28%
Nikkei 225 (Japan) 39,180 -730 -1.83%
NZX 50 (New Zealand) 12,643 +2 +0.02%
S&P 500 (US) 5,842 +27 +0.47%

Commodities (16-Oct-2024 / Close)

Commodity Close Change % Change
Aluminium (/t) $2,547 +9 +0.35%
Copper (/t) $9,419 +32 +0.34%
Gold (/oz) $2,673 -8 -0.29%
Lead (/t) $2,050 +13 +0.63%
Nickel (/t) $17,020 -143 -0.83%
Oil – West Texas crude (/bbl) $70.40 -0.20 -0.27%
Iron Ore (/t) $106 0 -0.40%
Silver (/oz) $31.70 +0.20 +0.58%
Zinc (/t) $3,047 +16 +0.52%

Currency (16-Oct-2024 / Close)

Currency Pair Close Points Change % Change
$A vs $US 0.6664 -0.0010 -0.15%
$A vs GBP 0.5129 +0.0022 +0.43%
$A vs EUR 0.6133 +0.0003 +0.05%
$A vs YEN 99.71 +0.21 +0.21%
$A vs NZD 1.1004 -0.0019 -0.18%
$A vs CAD 0.9164 -0.0031 -0.33%
$US vs EUR 0.9203 +0.0017 +0.19%
$US vs GBP 0.7696 +0.0043 +0.57%
$US vs CHF 0.8653 +0.0030 +0.35%

Asia Markets

  • China: The Shanghai Composite Index added 0.1% to 3,202.95, while the Shenzhen Composite Index fell 0.5% to 1,842.16.
  • Hong Kong: The Hang Seng Index dropped 0.2%, closing at 20,286.85.
  • Japan: The Nikkei 225 lost 1.8%, finishing at 39,180.30.
  • India: The BSE SENSEX slipped 0.4% to 81,501.36.

Europe Markets

  • U.K.: The FTSE 100 Index rose 1.0% to 8,329.07.
  • Germany: The DAX fell 0.3% to 19,432.81.
  • France: The CAC 40 dropped 0.4% to 7,492.00.

North America Markets

U.S. stocks ended higher, with the DJIA up 0.8% to 43,077.70, the S&P 500 gained 0.5% to 5,842.47, and the Nasdaq increased by 0.3% to 18,367.08.

Top Gainers:

  • United Airlines Holdings Inc: Surged 12.44%.
  • Delta Air Lines Inc: Gained 6.81%.
  • Morgan Stanley: Rose 6.48%.

Top Decliners:

  • Agilent Technologies Inc: Fell 3.78%.
  • KLA Corp: Dropped 3.55%.
  • Mettler-Toledo International Inc: Lost 3.37%.

Australian Market

The Australian share market retreated from its record highs, with losses across every sector except financials.

ASX Performance:

  • S&P/ASX200: Fell 33.7 points (-0.41%), closing at 8,284.7.
  • All Ordinaries: Dropped 42 points (-0.49%), closing at 8,556.6.

Sector Highlights:

  • Mining Sector:
    • BHP: Retreated 1.1% to $43.54.
    • Rio Tinto: Dipped 1.1% to $120.78.
    • Fortescue: Flat at $20.47.
  • Goldminers: Outperformed as gold traded at $US2,668/oz.
    • Northern Star: Gained 1.8%.
    • Newmont: Added 2.6%.
    • Evolution Mining: Surged 6.8% to a three-year high of $5.01, reporting strong production.
  • Financial Sector:
    • ANZ: Up 0.8% to $31.40.
    • NAB: Rose 0.7% to $38.45.
    • Westpac: Climbed 0.6% to $31.74.
    • CBA: Added 0.4% to $139.80.
    • Bank of Queensland: Surged 6.5% to a seven-month high of $6.68 after reporting $343 million in after-tax cash earnings.

The Australian dollar slid below 67 US cents for the first time in a month, buying 66.96 US cents, from 67.08 US cents at Tuesday’s close.


ASX Summary

  • S&P/ASX200: Down 33.7 points (-0.41%), closing at 8,284.7.
  • All Ordinaries: Dropped 42 points (-0.49%), closing at 8,556.6.
  • NZX 50: Lost 16.57 points (-0.13%) to 12,624.75.

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