{"id":84492,"date":"2020-01-23T09:10:45","date_gmt":"2020-01-22T22:10:45","guid":{"rendered":"https:\/\/www.fnarena.com\/?p=84492"},"modified":"2020-01-23T10:03:51","modified_gmt":"2020-01-22T23:03:51","slug":"the-overnight-report-trump-warns-europe","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2020\/01\/23\/the-overnight-report-trump-warns-europe\/","title":{"rendered":"The Overnight Report: Trump Warns Europe"},"content":{"rendered":"

US markets paused as the death toll from the coronavirus in China rises and with president Trump targeting Europe in Davos?<\/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>\n7116.00<\/strong><\/span><\/td>\n– 7.00<\/strong><\/span><\/td>\n– 0.10%<\/strong><\/span><\/td>\n<\/tr>\n
S&P ASX 200<\/strong><\/span><\/td>\n7132.70<\/strong><\/span><\/td>\n+ 66.40<\/strong><\/span><\/td>\n0.94%<\/strong><\/span><\/td>\n<\/tr>\n
S&P500<\/strong><\/span><\/td>\n3321.75<\/strong><\/span><\/td>\n+ 0.96<\/strong><\/span><\/td>\n0.03%<\/strong><\/span><\/td>\n<\/tr>\n
Nasdaq Comp<\/strong><\/span><\/td>\n9383.77<\/strong><\/span><\/td>\n+ 12.96<\/strong><\/span><\/td>\n0.14%<\/strong><\/span><\/td>\n<\/tr>\n
DJIA<\/strong><\/span><\/td>\n29186.27<\/strong><\/span><\/td>\n– 9.77<\/strong><\/span><\/td>\n– 0.03%<\/strong><\/span><\/td>\n<\/tr>\n
S&P500 VIX<\/strong><\/span><\/td>\n12.91<\/strong><\/span><\/td>\n+ 0.06<\/strong><\/span><\/td>\n0.47%<\/strong><\/span><\/td>\n<\/tr>\n
US 10-year yield<\/strong><\/span><\/td>\n1.77<\/strong><\/span><\/td>\n0.00<\/strong><\/span><\/td>\n0.00%<\/strong><\/span><\/td>\n<\/tr>\n
USD Index<\/strong><\/span><\/td>\n97.53<\/strong><\/span><\/td>\n– 0.03<\/strong><\/span><\/td>\n– 0.03%<\/strong><\/span><\/td>\n<\/tr>\n
FTSE100<\/strong><\/span><\/td>\n7571.92<\/strong><\/span><\/td>\n– 38.78<\/strong><\/span><\/td>\n– 0.51%<\/strong><\/span><\/td>\n<\/tr>\n
DAX30<\/strong><\/span><\/td>\n13515.75<\/strong><\/span><\/td>\n– 40.12<\/strong><\/span><\/td>\n– 0.30%<\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Greg Peel will resume writing the Overnight Report after Australia Day (next week). 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 Australian share market looks set to see a negative day of trade (that’s if you go by the futures), as the death toll in China from Coronavirus has risen to 17. Now 547 people are confirmed infected in China alone, not including the other regions of the world it's spread to. <\/span><\/span><\/p>\n

Air, train, subway and ferry transport in and out of the Chinese city of Wuhan, has now been shut down. The City has almost the population of Sydney and Melbourne, with stocks linked to Chinese travellers likely to see selling on fears that less revenue will hurt corporate bottom lines. Meantime, authorities are saying simply good hygiene can stop the virus from spreading, like covering your mouth when you cough or sneeze. <\/span><\/span><\/p>\n

Overnight in the US, stocks had a bit of a volatile session before closing mostly flat, with the most gains in tech stocks, while the virus outbreak kept gains under wraps. IBM shares rose 3% after reporting quarterly results and its 2020 earnings guidance beating expectations. We also saw Apple shares hit an all-time high, and Tesla shares continued to gain momentum, up 4%, with its market cap hitting $100bn for the first time. Semiconductor stocks also hit an all time high, with Intel rising almost 3%. <\/span><\/span><\/p>\n

In other news, equity markets in Europe fell from record highs as investors focused on the World Economic Forum in Davos, with Trump again threatening tariffs on European car imports in the absence of a trade commitment from the EU. <\/span><\/span><\/p>\n

Markets<\/span><\/span><\/strong><\/p>\n

The Aussie share market futures suggestion a -0.32%\/23 point fall. Yesterday, the ASX200<\/strong> gained 0.94% or 66 points.<\/span><\/span><\/p>\n

On Wall Street, the Dow Jones<\/strong> closed flat (-0.03%\/10 points lower), rising as much as 120 points earlier lost, the S&P500<\/strong> rose 0.03% and Nasdaq<\/strong> added 0.13%. <\/span><\/span><\/p>\n

European markets closed in the red. The Stoxx 600 <\/strong>slipped -0.08%<\/strong>, UK’s FTSE fell -0.51%, the French CAC<\/strong> fell -0.6%, while the German DAX<\/strong> fell from its record high, losing -0.3% with traders locking in profits. <\/span><\/span><\/p>\n

In Asia <\/span><\/span><\/strong>stocks attempted to rebound from heavy falls the day prior: Japan’s Nikkei rose 0.7%, <\/strong>China’s Shanghai Comp <\/strong>added 0.3%, <\/strong>while Hong Kong’s Heng Seng <\/strong>rose 1.3%. <\/strong><\/span><\/span><\/p>\n

Gold<\/span><\/span><\/strong> rose slightly compared to yesterday and is at US$1,558 an ounce. <\/span><\/span><\/p>\n

Oil fell -2.95% to <\/span><\/span><\/strong>US$58.25 a barrel, on supply risks lingering. <\/span><\/span><\/p>\n

Iron ore<\/span><\/span><\/strong> is -0.01% lower at US$94.88 a tonne. <\/span><\/span><\/p>\n

Australian dollar <\/span><\/span><\/strong>trades at a 2019, 68.43 US cents in the wake of the disease outbreak. <\/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>\n1557.90<\/strong><\/span><\/td>\n+ 0.40<\/strong><\/span><\/td>\n0.03%<\/strong><\/span><\/td>\n<\/tr>\n
Silver (oz)<\/strong><\/span><\/td>\n17.80<\/strong><\/span><\/td>\n+ 0.03<\/strong><\/span><\/td>\n0.17%<\/strong><\/span><\/td>\n<\/tr>\n
Copper (lb)<\/strong><\/span><\/td>\n2.77<\/strong><\/span><\/td>\n– 0.02<\/strong><\/span><\/td>\n– 0.60%<\/strong><\/span><\/td>\n<\/tr>\n
Aluminium (lb)<\/strong><\/span><\/td>\n0.82<\/strong><\/span><\/td>\n– 0.00<\/strong><\/span><\/td>\n– 0.20%<\/strong><\/span><\/td>\n<\/tr>\n
Lead (lb)<\/strong><\/span><\/td>\n0.90<\/strong><\/span><\/td>\n+ 0.01<\/strong><\/span><\/td>\n1.18%<\/strong><\/span><\/td>\n<\/tr>\n
Nickel (lb)<\/strong><\/span><\/td>\n6.13<\/strong><\/span><\/td>\n– 0.03<\/strong><\/span><\/td>\n– 0.55%<\/strong><\/span><\/td>\n<\/tr>\n
Zinc (lb)<\/strong><\/span><\/td>\n1.10<\/strong><\/span><\/td>\n– 0.02<\/strong><\/span><\/td>\n– 1.59%<\/strong><\/span><\/td>\n<\/tr>\n
West Texas Crude <\/strong><\/span><\/td>\n56.70<\/strong><\/span><\/td>\n– 1.64<\/strong><\/span><\/td>\n– 2.81%<\/strong><\/span><\/td>\n<\/tr>\n
Brent Crude<\/strong><\/span><\/td>\n63.16<\/strong><\/span><\/td>\n– 1.31<\/strong><\/span><\/td>\n– 2.03%<\/strong><\/span><\/td>\n<\/tr>\n
Iron Ore (t) futures<\/strong><\/span><\/td>\n95.40<\/strong><\/span><\/td>\n– 0.20<\/strong><\/span><\/td>\n– 0.21%<\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The Australian share market over the past thirty days…<\/strong><\/p>\n

<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
BROKER RECOMMENDATION CHANGES PAST THREE TRADING DAYS<\/span><\/td>\n<\/tr>\n
AGL<\/td>\nAGL ENERGY<\/td>\nDowngrade to Sell from Neutral<\/td>\nUBS<\/td>\n<\/tr>\n
APE<\/td>\nAP EAGERS<\/td>\nDowngrade to Hold from Add<\/td>\nMorgans<\/td>\n<\/tr>\n
CLW<\/td>\nCHARTER HALL LONG WALE REIT<\/td>\nUpgrade to Neutral from Underperform<\/td>\nMacquarie<\/td>\n<\/tr>\n
CQE<\/td>\nCHARTER HALL SOC INFRA REIT<\/td>\nUpgrade to Accumulate from Hold<\/td>\nOrd Minnett<\/td>\n<\/tr>\n
CQR<\/td>\nCHARTER HALL RETAIL<\/td>\nUpgrade to Outperform from Underperform<\/td>\nMacquarie<\/td>\n<\/tr>\n
DMP<\/td>\nDOMINO'S PIZZA<\/td>\nDowngrade to Sell from Neutral<\/td>\nCiti<\/td>\n<\/tr>\n
DXS<\/td>\nDEXUS PROPERTY<\/td>\nUpgrade to Outperform from Underperform<\/td>\nMacquarie<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUpgrade to Accumulate from Hold<\/td>\nOrd Minnett<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUpgrade to Buy from Neutral<\/td>\nUBS<\/td>\n<\/tr>\n
FLT<\/td>\nFLIGHT CENTRE<\/td>\nDowngrade to Neutral from Outperform<\/td>\nCredit Suisse<\/td>\n<\/tr>\n
FMG<\/td>\nFORTESCUE<\/td>\nUpgrade to Neutral from Underperform<\/td>\nCredit Suisse<\/td>\n<\/tr>\n
HUB<\/td>\nHUB24<\/td>\nUpgrade to Add from Hold<\/td>\nMorgans<\/td>\n<\/tr>\n
IFN<\/td>\nINFIGEN ENERGY<\/td>\nUpgrade to Add from Hold<\/td>\nMorgans<\/td>\n<\/tr>\n
MGR<\/td>\nMIRVAC<\/td>\nUpgrade to Hold from Lighten<\/td>\nOrd Minnett<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUpgrade to Neutral from Sell<\/td>\nUBS<\/td>\n<\/tr>\n
MTS<\/td>\nMETCASH<\/td>\nUpgrade to Neutral from Underperform<\/td>\nMacquarie<\/td>\n<\/tr>\n
NHF<\/td>\nNIB HOLDINGS<\/td>\nUpgrade to Neutral from Sell<\/td>\nCiti<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUpgrade to Neutral from Sell<\/td>\nUBS<\/td>\n<\/tr>\n
NUF<\/td>\nNUFARM<\/td>\nDowngrade to Neutral from Outperform<\/td>\nMacquarie<\/td>\n<\/tr>\n
ORG<\/td>\nORIGIN ENERGY<\/td>\nDowngrade to Hold from Add<\/td>\nMorgans<\/td>\n<\/tr>\n
PPC<\/td>\nPEET & COMPANY<\/td>\nDowngrade to Neutral from Outperform<\/td>\nMacquarie<\/td>\n<\/tr>\n
QAN<\/td>\nQANTAS AIRWAYS<\/td>\nDowngrade to Neutral from Buy<\/td>\nCiti<\/td>\n<\/tr>\n
QBE<\/td>\nQBE INSURANCE<\/td>\nUpgrade to Buy from Neutral<\/td>\nCiti<\/td>\n<\/tr>\n
REH<\/td>\nREECE AUSTRALIA<\/td>\nDowngrade to Hold from Add<\/td>\nMorgans<\/td>\n<\/tr>\n
RIO<\/td>\nRIO TINTO<\/td>\nDowngrade to Accumulate from Buy<\/td>\nOrd Minnett<\/td>\n<\/tr>\n
SCG<\/td>\nSCENTRE GROUP<\/td>\nDowngrade to Sell from Neutral<\/td>\nUBS<\/td>\n<\/tr>\n
SCP<\/td>\nSHOPPING CENTRES AUS<\/td>\nUpgrade to Neutral from Underperform<\/td>\nMacquarie<\/td>\n<\/tr>\n
SGP<\/td>\nSTOCKLAND<\/td>\nDowngrade to Lighten from Hold<\/td>\nOrd Minnett<\/td>\n<\/tr>\n
SUN<\/td>\nSUNCORP<\/td>\nDowngrade to Neutral from Buy<\/td>\nCiti<\/td>\n<\/tr>\n
SYD<\/td>\nSYDNEY AIRPORT<\/td>\nDowngrade to Neutral from Outperform<\/td>\nMacquarie<\/td>\n<\/tr>\n
TCL<\/td>\nTRANSURBAN GROUP<\/td>\nDowngrade to Accumulate from Buy<\/td>\nOrd Minnett<\/td>\n<\/tr>\n
WOW<\/td>\nWOOLWORTHS<\/td>\nUpgrade to Outperform from Neutral<\/td>\nMacquarie<\/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":"

US markets paused as the death toll from the coronavirus in China rises and with president Trump targeting Europe in Davos (Available for non-subscribers after 10am)<\/p>\n","protected":false},"author":3,"featured_media":84501,"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\/84492"}],"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=84492"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/84492\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media\/84501"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=84492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=84492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=84492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}