Ongoing positive momentum for equities, both locally and internationally, suggests fresh record highs are next. February reporting season anyone? <\/p>\n
World Overnight<\/strong><\/span><\/td>\n<\/tr>\n| SPI Overnight (Mar)<\/strong><\/span><\/td>\n | 7044.00<\/strong><\/span><\/td>\n | + 36.00<\/strong><\/span><\/td>\n | 0.51%<\/strong><\/span><\/td>\n<\/tr>\n | S&P ASX 200<\/strong><\/span><\/td>\n | 7064.10<\/strong><\/span><\/td>\n | + 22.30<\/strong><\/span><\/td>\n | 0.32%<\/strong><\/span><\/td>\n<\/tr>\n | S&P500<\/strong><\/span><\/td>\n | 3329.62<\/strong><\/span><\/td>\n | + 12.81<\/strong><\/span><\/td>\n | 0.39%<\/strong><\/span><\/td>\n<\/tr>\n | Nasdaq Comp<\/strong><\/span><\/td>\n | 9388.94<\/strong><\/span><\/td>\n | + 31.81<\/strong><\/span><\/td>\n | 0.34%<\/strong><\/span><\/td>\n<\/tr>\n | DJIA<\/strong><\/span><\/td>\n | 29348.10<\/strong><\/span><\/td>\n | + 50.46<\/strong><\/span><\/td>\n | 0.17%<\/strong><\/span><\/td>\n<\/tr>\n | S&P500 VIX<\/strong><\/span><\/td>\n | 12.10<\/strong><\/span><\/td>\n | – 0.22<\/strong><\/span><\/td>\n | – 1.79%<\/strong><\/span><\/td>\n<\/tr>\n | US 10-year yield<\/strong><\/span><\/td>\n | 1.84<\/strong><\/span><\/td>\n | + 0.03<\/strong><\/span><\/td>\n | 1.49%<\/strong><\/span><\/td>\n<\/tr>\n | USD Index<\/strong><\/span><\/td>\n | 97.64<\/strong><\/span><\/td>\n | + 0.60<\/strong><\/span><\/td>\n | 0.62%<\/strong><\/span><\/td>\n<\/tr>\n | FTSE100<\/strong><\/span><\/td>\n | 7674.56<\/strong><\/span><\/td>\n | + 64.75<\/strong><\/span><\/td>\n | 0.85%<\/strong><\/span><\/td>\n<\/tr>\n | DAX30<\/strong><\/span><\/td>\n | 13526.13<\/strong><\/span><\/td>\n | + 96.70<\/strong><\/span><\/td>\n | 0.72%<\/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 Despite Australia’s intense environment, the Australian share market looks set to extend its record run following strong global leads. <\/span><\/span><\/p>\n US and European equities rose to new heights on Friday with China’s industrial production rising 6.9% over the year, which is more than expected. The tiger economy’s GDP grew 6.1% in 2019, matching forecasts. <\/span><\/span><\/p>\n The Aussie futures are eyeing a 0.5%\/36-point lift at the open. Last week, the ASX200 rose 0.3%\/22 points on Friday, rising 1.95% over the week, ending at 7,064 points. Month to date the index added 5.9%, which is its best monthly gain since July 2016, even though the month has not wrapped up. <\/span><\/span><\/p>\n With profit season to kick off here next month, and the looming US presidential election and phase two of the trade deal unknown, we are expecting uncertain times and volatility, with late cycle sectors and non-discretionary stocks to continue to outperform as rates drop to stimulate our sluggish economy while property values rise. <\/span><\/span><\/p>\n On Friday in the US, <\/span><\/span><\/strong>the blue-chip index the Dow Jones rose 0.2%\/50 points, the S&P500<\/strong> rose 0.4% closing at 3,330 points, while Nasdaq<\/strong> advanced 0.3%. Over the week, the Dow rose 1.8%, the S&P500 added 2% and the Nasdaq rose 2.3%. <\/span><\/span><\/p>\n Across the Atlantic, European<\/strong> stocks closed higher; with the Stoxx<\/strong> 600 up 0.96%, UK’s FTSE<\/strong> rising 0.85%, the French CAC<\/strong> lifting 1.02% and the Germany DAX<\/strong> adding 0.72%. <\/span><\/span><\/p>\n Gold<\/span><\/span><\/strong> is steady US$1,560 an ounce. <\/span><\/span><\/p>\n Oil <\/span><\/span><\/strong>is also steady at US$58.54 a barrel.<\/span><\/span><\/p>\n Iron ore <\/span><\/span><\/strong>trades 0.28% higher at US$94.81 a tonne<\/span><\/span><\/p>\n Australian dollar <\/span><\/span><\/strong>is buying 68.73 US cents. <\/span><\/span><\/p>\n What else to watch today?<\/span><\/span><\/strong><\/p>\n |