Daily Market Reports | Jan 10 2022
| World Overnight | |||
| SPI Overnight | 7351.00 | + 2.00 | 0.03% |
| S&P ASX 200 | 7453.30 | + 95.00 | 1.29% |
| S&P500 | 4677.03 | – 19.02 | – 0.41% |
| Nasdaq Comp | 14935.90 | – 144.96 | – 0.96% |
| DJIA | 36231.66 | – 4.81 | – 0.01% |
| S&P500 VIX | 18.76 | – 0.85 | – 4.33% |
| US 10-year yield | 1.77 | + 0.04 | 2.19% |
| USD Index | 95.74 | – 0.58 | – 0.60% |
| FTSE100 | 7485.28 | + 34.91 | 0.47% |
| DAX30 | 15947.74 | – 104.29 | – 0.65% |
Happy New Year and a Prosperous 2022 to you all!
Starting today, FNArena is back in business, but we are returning against the background of a global pandemic and with delta and omicron spreading like a wildfire through Australia, our small team here at FNArena has been hit too (including yours truly).
Greg Peel won't return until after Australia Day, so the daily Overnight Report in the two weeks ahead will mainly consist of overnight data.
Close followers of the Australian Broker Call Report will be pleased to know they haven't missed out on anything and today the daily Report resumes. Last week virtually no research reports were released and the one downgrade (Pro Medicus) is explained in today's Report.
FNArena will gradually ramp up the publication of daily news stories and analysis and in two weeks' time we will be concentrating already on the reporting season that lays ahead (coming very, very soon!).
Meanwhile, all data and services including the calendar are being kept as up-to-date as possible, as has been the case over the past two weeks.
In case anyone wonders why there has been a rather sharp reset in various share prices this early in the new calendar year, the answer lays with global bond yields. The market is now convinced the Federal Reserve will hike rates sooner and probably more often this year, and thus a re-adjustment needed to be made.
As to why shares in general rallied over the final two weeks of last year, well, that remains an open question and everyone can have their personal guesses!
Looking forward to providing you all with the best insights and updates available, as per usual, but as said, we'll start from a low base, and then gradually pick up the pace.
With the warmest regards,
Your Editor & the rest of the team here at FNArena
| Spot Metals,Minerals & Energy Futures | |||
| Gold (oz) | 1797.00 | + 6.10 | 0.34% |
| Silver (oz) | 22.35 | + 0.18 | 0.81% |
| Copper (lb) | 4.37 | – 0.03 | – 0.65% |
| Aluminium (lb) | 1.32 | – 0.00 | – 0.05% |
| Lead (lb) | 1.05 | – 0.00 | – 0.02% |
| Nickel (lb) | 9.44 | – 0.05 | – 0.52% |
| Zinc (lb) | 1.63 | 0.00 | 0.00% |
| West Texas Crude | 78.90 | – 0.81 | – 1.02% |
| Brent Crude | 81.91 | – 0.08 | – 0.10% |
| Iron Ore (t) | 127.30 | – 0.95 | – 0.74% |
The Australian share market over the past thirty days…
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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