{"id":84340,"date":"2020-01-14T09:13:15","date_gmt":"2020-01-13T22:13:15","guid":{"rendered":"https:\/\/www.fnarena.com\/index.php\/2020\/01\/14\/the-overnight-report-new-record-high\/"},"modified":"2020-01-14T10:17:58","modified_gmt":"2020-01-13T23:17:58","slug":"the-overnight-report-new-record-high","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2020\/01\/14\/the-overnight-report-new-record-high\/","title":{"rendered":"The Overnight Report: New Record High"},"content":{"rendered":"

S&P500 and Nasdaq hit new record highs last night as investors await the start of corporate earnings season in the USA.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
World Overnight<\/strong><\/span><\/td>\n<\/tr>\n
SPI Overnight (Mar)<\/strong><\/span><\/td>\n6866.00<\/strong><\/span><\/td>\n+ 25.00<\/strong><\/span><\/td>\n0.37%<\/strong><\/span><\/td>\n<\/tr>\n
S&P ASX 200<\/strong><\/span><\/td>\n6903.70<\/strong><\/span><\/td>\n– 25.30<\/strong><\/span><\/td>\n– 0.37%<\/strong><\/span><\/td>\n<\/tr>\n
S&P500<\/strong><\/span><\/td>\n3288.13<\/strong><\/span><\/td>\n+ 22.78<\/strong><\/span><\/td>\n0.70%<\/strong><\/span><\/td>\n<\/tr>\n
Nasdaq Comp<\/strong><\/span><\/td>\n9273.93<\/strong><\/span><\/td>\n+ 95.07<\/strong><\/span><\/td>\n1.04%<\/strong><\/span><\/td>\n<\/tr>\n
DJIA<\/strong><\/span><\/td>\n28907.05<\/strong><\/span><\/td>\n+ 83.28<\/strong><\/span><\/td>\n0.29%<\/strong><\/span><\/td>\n<\/tr>\n
S&P500 VIX<\/strong><\/span><\/td>\n12.32<\/strong><\/span><\/td>\n– 0.24<\/strong><\/span><\/td>\n– 1.91%<\/strong><\/span><\/td>\n<\/tr>\n
US 10-year yield<\/strong><\/span><\/td>\n1.85<\/strong><\/span><\/td>\n+ 0.02<\/strong><\/span><\/td>\n1.26%<\/strong><\/span><\/td>\n<\/tr>\n
USD Index<\/strong><\/span><\/td>\n97.37<\/strong><\/span><\/td>\n+ 0.02<\/strong><\/span><\/td>\n0.02%<\/strong><\/span><\/td>\n<\/tr>\n
FTSE100<\/strong><\/span><\/td>\n7617.60<\/strong><\/span><\/td>\n+ 29.75<\/strong><\/span><\/td>\n0.39%<\/strong><\/span><\/td>\n<\/tr>\n
DAX30<\/strong><\/span><\/td>\n13451.52<\/strong><\/span><\/td>\n– 31.79<\/strong><\/span><\/td>\n– 0.24%<\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Greg Peel is still on holidays. In the meantime, Jessica Amir from Bell Direct is providing a snapshot of insights and developments from overseas markets overnight.<\/em><\/p>\n

By Jessica Amir, Bell Direct<\/p>\n

The Aussie share market is eyeing a rebound with the futures market suggesting the ASX200 will lift 0.5% or 32 points at the open<\/span><\/span><\/strong>, erasing yesterday’s loss after the ASX200 shed -0.4% or -25 points to 6,903.7, which is our second best close on record. <\/span><\/span><\/p>\n

Overnight, US equities started their trading week hitting new record highs, with tech stocks leading the charge and followed by the property sector, buoyed by news that the US will remove the tag off China as a currency manipulator, increasing optimism ahead of Wednesday’s key trade deal being signed. <\/span><\/span><\/p>\n

Earnings season also kicks off this week in the US, with some of the biggest banks reporting tomorrow. <\/span><\/span><\/p>\n

The benchmark S&P500 rose 0.7%, hitting a record high, while Nasdaq<\/strong> advanced 1% hitting a new all-time high with the blue-chip index Dow Jones adding 82 points\/0.3%.<\/span><\/span><\/p>\n

Across the Atlantic Ocean, European stocks<\/strong> closed mostly lower awaiting developments from Beijing and Washington with news that the Chinese government said Wednesday’s agreement is just the “first ground of a game”. The Stoxx<\/strong> 600 lost 0.2%, the French CAC<\/strong> closed flat, the Germany DAX<\/strong> slipped -0.2% and the FTSE<\/strong> bucked the trending, adding 0.4%<\/span><\/span><\/p>\n

Gold<\/span><\/span><\/strong> slipped as US equities advance. The precious metal fell -0.7% to US$1,549 an ounce.<\/span><\/span><\/p>\n

Oil<\/span><\/span><\/strong> price has taken another hit, falling -1.6% as tensions in the Mideast ease, with supply to US$58.07 a barrel.<\/span><\/span><\/p>\n

Iron ore<\/span><\/span><\/strong> -0.01% lower at US$93.56 a tonne.<\/span><\/span><\/p>\n

Australian dollar<\/span><\/span><\/strong> hovers around a five-day high 69.03 US.<\/span><\/span><\/p>\n

What to watch today? <\/span><\/span><\/strong><\/u><\/p>\n

Yesterday only two sectors closed in positive territory – the tech and property sector. They are likely to get another boost today as those two sectors rose the most on Wall Street overnight.<\/span><\/span><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Spot Metals,Minerals & Energy Futures<\/strong><\/span><\/td>\n<\/tr>\n
Gold (oz)<\/strong><\/span><\/td>\n1548.30<\/strong><\/span><\/td>\n– 13.80<\/strong><\/span><\/td>\n– 0.88%<\/strong><\/span><\/td>\n<\/tr>\n
Silver (oz)<\/strong><\/span><\/td>\n17.94<\/strong><\/span><\/td>\n– 0.13<\/strong><\/span><\/td>\n– 0.72%<\/strong><\/span><\/td>\n<\/tr>\n
Copper (lb)<\/strong><\/span><\/td>\n2.80<\/strong><\/span><\/td>\n+ 0.01<\/strong><\/span><\/td>\n0.26%<\/strong><\/span><\/td>\n<\/tr>\n
Aluminium (lb)<\/strong><\/span><\/td>\n0.80<\/strong><\/span><\/td>\n– 0.00<\/strong><\/span><\/td>\n– 0.52%<\/strong><\/span><\/td>\n<\/tr>\n
Lead (lb)<\/strong><\/span><\/td>\n0.86<\/strong><\/span><\/td>\n– 0.01<\/strong><\/span><\/td>\n– 1.28%<\/strong><\/span><\/td>\n<\/tr>\n
Nickel (lb)<\/strong><\/span><\/td>\n6.36<\/strong><\/span><\/td>\n+ 0.03<\/strong><\/span><\/td>\n0.39%<\/strong><\/span><\/td>\n<\/tr>\n
Zinc (lb)<\/strong><\/span><\/td>\n1.08<\/strong><\/span><\/td>\n– 0.00<\/strong><\/span><\/td>\n– 0.13%<\/strong><\/span><\/td>\n<\/tr>\n
West Texas Crude <\/strong><\/span><\/td>\n58.08<\/strong><\/span><\/td>\n– 1.04<\/strong><\/span><\/td>\n– 1.76%<\/strong><\/span><\/td>\n<\/tr>\n
Brent Crude<\/strong><\/span><\/td>\n64.20<\/strong><\/span><\/td>\n– 0.86<\/strong><\/span><\/td>\n– 1.32%<\/strong><\/span><\/td>\n<\/tr>\n
Iron Ore (t) futures<\/strong><\/span><\/td>\n93.60<\/strong><\/span><\/td>\n0.00<\/strong><\/span><\/td>\n0.00%<\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
\n

BROKER RECOMMENDATION CHANGES PAST THREE TRADING DAYS<\/span><\/p>\n<\/td>\n<\/tr>\n

AGL<\/td>\nAGL ENERGY<\/td>\nDowngrade to Underperform from Neutral<\/td>\nCredit Suisse<\/td>\n<\/tr>\n
COL<\/td>\nCOLES GROUP<\/td>\nDowngrade to Underweight from Equal-weight<\/td>\nMorgan Stanley<\/td>\n<\/tr>\n
DCG<\/td>\nDECMIL GROUP<\/td>\nDowngrade to Neutral from Buy<\/td>\nCiti<\/td>\n<\/tr>\n
EVN<\/td>\nEVOLUTION MINING<\/td>\nUpgrade to Outperform from Underperform<\/td>\nCredit Suisse<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nDowngrade to Neutral from Outperform<\/td>\nMacquarie<\/td>\n<\/tr>\n
ORG<\/td>\nORIGIN ENERGY<\/td>\nDowngrade to Neutral from Outperform<\/td>\nCredit Suisse<\/td>\n<\/tr>\n
WOW<\/td>\nWOOLWORTHS<\/td>\nUpgrade to Equal-weight from Underweight<\/td>\nMorgan Stanley<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

For more detail go to FNArena's Australian Broker Call Report<\/a>, which is updated each morning, Mon-Fri.<\/p>\n

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<\/a>. (Subscribers can access prices on the website.)<\/em><\/p>\n

(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)<\/strong><\/em><\/p>\n

All paying members at FNArena are being reminded they can set an email alert specifically for The Overnight Report. Go to Portfolio and Alerts on the website and tick the box in front of The Overnight Report. You will receive an email alert every time a new Overnight Report has been published on the website.<\/em><\/p>\n

Find out why FNArena subscribers like the service so much: "Your Feedback (Thank You)<\/a>" – Warning this story contains unashamedly positive feedback on the service provided. www.fnarena.com<\/em><\/p>\n

FNArena is proud about its track record and past achievements: Ten Years On<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

S&P500 and Nasdaq hit new record highs last night as investors await the start of corporate earnings season in the USA. (Available for non-subscribers after 10am)<\/p>\n","protected":false},"author":3,"featured_media":84347,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[84],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/84340"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=84340"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/84340\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media\/84347"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=84340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=84340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=84340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}