##{"id":99039,"date":"2022-01-11T09:33:37","date_gmt":"2022-01-10T22:33:37","guid":{"rendered":"https:\/\/www.fnarena.com\/index.php\/2022\/01\/11\/the-overnight-report-weakness-persists\/"},"modified":"2022-01-11T09:34:11","modified_gmt":"2022-01-10T22:34:11","slug":"the-overnight-report-weakness-persists","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2022\/01\/11\/the-overnight-report-weakness-persists\/","title":{"rendered":"The Overnight Report: Weakness Persists"},"content":{"rendered":"<table border=\"0\" cellpadding=\"4\" cellspacing=\"1\" class=\"marketsummarytable\" style=\"width:75%\">\n<tbody>\n<tr>\n<td colspan=\"4\" style=\"background-color:#303d48\"><span style=\"color:#FFFFFF\"><strong>World Overnight<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"background-color:#fff;text-align:left;vertical-align:top;width:40%\"><span style=\"font-size:12px\"><strong>SPI Overnight<\/strong><\/span><\/td>\n<td style=\"background-color:#fff;text-align:right;vertical-align:top;width:20%\"><span style=\"font-size:12px\"><strong>7298.00<\/strong><\/span><\/td>\n<td style=\"background-color:#fff;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#b20c3c;font-size:12px\"><strong>&#8211; 41.00<\/strong><\/span><\/td>\n<td style=\"background-color:#fff;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#b20c3c;font-size:12px\"><strong>&#8211; 0.56%<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"background-color:#f3f3f3;text-align:left;vertical-align:top;width:40%\"><span style=\"font-size:12px\"><strong>S&amp;P ASX 200<\/strong><\/span><\/td>\n<td style=\"background-color:#f3f3f3;text-align:right;vertical-align:top;width:20%\"><span style=\"font-size:12px\"><strong>7447.10<\/strong><\/span><\/td>\n<td style=\"background-color:#f3f3f3;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#b20c3c;font-size:12px\"><strong>&#8211; 6.20<\/strong><\/span><\/td>\n<td style=\"background-color:#f3f3f3;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#b20c3c;font-size:12px\"><strong>&#8211; 0.08%<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"background-color:#fff;text-align:left;vertical-align:top;width:40%\"><span style=\"font-size:12px\"><strong>S&amp;P500<\/strong><\/span><\/td>\n<td style=\"background-color:#fff;text-align:right;vertical-align:top;width:20%\"><span style=\"font-size:12px\"><strong>4670.29<\/strong><\/span><\/td>\n<td style=\"background-color:#fff;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#b20c3c;font-size:12px\"><strong>&#8211; 6.74<\/strong><\/span><\/td>\n<td style=\"background-color:#fff;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#b20c3c;font-size:12px\"><strong>&#8211; 0.14%<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"background-color:#f3f3f3;text-align:left;vertical-align:top;width:40%\"><span style=\"font-size:12px\"><strong>Nasdaq Comp<\/strong><\/span><\/td>\n<td style=\"background-color:#f3f3f3;text-align:right;vertical-align:top;width:20%\"><span style=\"font-size:12px\"><strong>14942.83<\/strong><\/span><\/td>\n<td style=\"background-color:#f3f3f3;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#009933;font-size:12px\"><strong>+ 6.93<\/strong><\/span><\/td>\n<td style=\"background-color:#f3f3f3;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#009933;font-size:12px\"><strong>0.05%<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"background-color:#fff;text-align:left;vertical-align:top;width:40%\"><span style=\"font-size:12px\"><strong>DJIA<\/strong><\/span><\/td>\n<td style=\"background-color:#fff;text-align:right;vertical-align:top;width:20%\"><span style=\"font-size:12px\"><strong>36068.87<\/strong><\/span><\/td>\n<td style=\"background-color:#fff;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#b20c3c;font-size:12px\"><strong>&#8211; 162.79<\/strong><\/span><\/td>\n<td style=\"background-color:#fff;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#b20c3c;font-size:12px\"><strong>&#8211; 0.45%<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"background-color:#f3f3f3;text-align:left;vertical-align:top;width:40%\"><span style=\"font-size:12px\"><strong>S&amp;P500 VIX<\/strong><\/span><\/td>\n<td style=\"background-color:#f3f3f3;text-align:right;vertical-align:top;width:20%\"><span style=\"font-size:12px\"><strong>19.40<\/strong><\/span><\/td>\n<td style=\"background-color:#f3f3f3;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#009933;font-size:12px\"><strong>+ 0.64<\/strong><\/span><\/td>\n<td style=\"background-color:#f3f3f3;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#009933;font-size:12px\"><strong>3.41%<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"background-color:#fff;text-align:left;vertical-align:top;width:40%\"><span style=\"font-size:12px\"><strong>US 10-year yield<\/strong><\/span><\/td>\n<td style=\"background-color:#fff;text-align:right;vertical-align:top;width:20%\"><span style=\"font-size:12px\"><strong>1.78<\/strong><\/span><\/td>\n<td style=\"background-color:#fff;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#009933;font-size:12px\"><strong>+ 0.01<\/strong><\/span><\/td>\n<td style=\"background-color:#fff;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#009933;font-size:12px\"><strong>0.51%<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"background-color:#f3f3f3;text-align:left;vertical-align:top;width:40%\"><span style=\"font-size:12px\"><strong>USD Index<\/strong><\/span><\/td>\n<td style=\"background-color:#f3f3f3;text-align:right;vertical-align:top;width:20%\"><span style=\"font-size:12px\"><strong>95.96<\/strong><\/span><\/td>\n<td style=\"background-color:#f3f3f3;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#009933;font-size:12px\"><strong>+ 0.22<\/strong><\/span><\/td>\n<td style=\"background-color:#f3f3f3;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#009933;font-size:12px\"><strong>0.23%<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"background-color:#fff;text-align:left;vertical-align:top;width:40%\"><span style=\"font-size:12px\"><strong>FTSE100<\/strong><\/span><\/td>\n<td style=\"background-color:#fff;text-align:right;vertical-align:top;width:20%\"><span style=\"font-size:12px\"><strong>7445.25<\/strong><\/span><\/td>\n<td style=\"background-color:#fff;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#b20c3c;font-size:12px\"><strong>&#8211; 40.03<\/strong><\/span><\/td>\n<td style=\"background-color:#fff;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#b20c3c;font-size:12px\"><strong>&#8211; 0.53%<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"background-color:#f3f3f3;text-align:left;vertical-align:top;width:40%\"><span style=\"font-size:12px\"><strong>DAX30<\/strong><\/span><\/td>\n<td style=\"background-color:#f3f3f3;text-align:right;vertical-align:top;width:20%\"><span style=\"font-size:12px\"><strong>15768.27<\/strong><\/span><\/td>\n<td style=\"background-color:#f3f3f3;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#b20c3c;font-size:12px\"><strong>&#8211; 179.47<\/strong><\/span><\/td>\n<td style=\"background-color:#f3f3f3;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#b20c3c;font-size:12px\"><strong>&#8211; 1.13%<\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Greg Peel is scheduled to return after Australia Day.<\/p>\n<p>Late buying in US equities won&#039;t prevent the Australian market from opening weaker this morning, with futures indicating half a percent in losses at the index level from the get-go today.<\/p>\n<table border=\"0\" cellpadding=\"4\" cellspacing=\"1\" class=\"marketsummarytable\" style=\"width:75%\">\n<tbody>\n<tr>\n<td colspan=\"4\" style=\"background-color:#303d48\"><span style=\"color:#FFFFFF\"><strong>Spot Metals,Minerals &amp; Energy Futures<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"background-color:#fff;text-align:left;vertical-align:top;width:40%\"><span style=\"font-size:12px\"><strong>Gold (oz)<\/strong><\/span><\/td>\n<td style=\"background-color:#fff;text-align:right;vertical-align:top;width:20%\"><span style=\"font-size:12px\"><strong>1801.60<\/strong><\/span><\/td>\n<td style=\"background-color:#fff;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#009933;font-size:12px\"><strong>+ 4.60<\/strong><\/span><\/td>\n<td style=\"background-color:#fff;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#009933;font-size:12px\"><strong>0.26%<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"background-color:#f3f3f3;text-align:left;vertical-align:top;width:40%\"><span style=\"font-size:12px\"><strong>Silver (oz)<\/strong><\/span><\/td>\n<td style=\"background-color:#f3f3f3;text-align:right;vertical-align:top;width:20%\"><span style=\"font-size:12px\"><strong>22.45<\/strong><\/span><\/td>\n<td style=\"background-color:#f3f3f3;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#009933;font-size:12px\"><strong>+ 0.10<\/strong><\/span><\/td>\n<td style=\"background-color:#f3f3f3;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#009933;font-size:12px\"><strong>0.45%<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"background-color:#fff;text-align:left;vertical-align:top;width:40%\"><span style=\"font-size:12px\"><strong>Copper (lb)<\/strong><\/span><\/td>\n<td style=\"background-color:#fff;text-align:right;vertical-align:top;width:20%\"><span style=\"font-size:12px\"><strong>4.34<\/strong><\/span><\/td>\n<td style=\"background-color:#fff;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#b20c3c;font-size:12px\"><strong>&#8211; 0.03<\/strong><\/span><\/td>\n<td style=\"background-color:#fff;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#b20c3c;font-size:12px\"><strong>&#8211; 0.66%<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"background-color:#f3f3f3;text-align:left;vertical-align:top;width:40%\"><span style=\"font-size:12px\"><strong>Aluminium (lb)<\/strong><\/span><\/td>\n<td style=\"background-color:#f3f3f3;text-align:right;vertical-align:top;width:20%\"><span style=\"font-size:12px\"><strong>1.33<\/strong><\/span><\/td>\n<td style=\"background-color:#f3f3f3;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#009933;font-size:12px\"><strong>+ 0.01<\/strong><\/span><\/td>\n<td style=\"background-color:#f3f3f3;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#009933;font-size:12px\"><strong>0.97%<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"background-color:#fff;text-align:left;vertical-align:top;width:40%\"><span style=\"font-size:12px\"><strong>Lead (lb)<\/strong><\/span><\/td>\n<td style=\"background-color:#fff;text-align:right;vertical-align:top;width:20%\"><span style=\"font-size:12px\"><strong>1.04<\/strong><\/span><\/td>\n<td style=\"background-color:#fff;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#b20c3c;font-size:12px\"><strong>&#8211; 0.01<\/strong><\/span><\/td>\n<td style=\"background-color:#fff;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#b20c3c;font-size:12px\"><strong>&#8211; 0.96%<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"background-color:#f3f3f3;text-align:left;vertical-align:top;width:40%\"><span style=\"font-size:12px\"><strong>Nickel (lb)<\/strong><\/span><\/td>\n<td style=\"background-color:#f3f3f3;text-align:right;vertical-align:top;width:20%\"><span style=\"font-size:12px\"><strong>9.50<\/strong><\/span><\/td>\n<td style=\"background-color:#f3f3f3;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#009933;font-size:12px\"><strong>+ 0.06<\/strong><\/span><\/td>\n<td style=\"background-color:#f3f3f3;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#009933;font-size:12px\"><strong>0.66%<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"background-color:#fff;text-align:left;vertical-align:top;width:40%\"><span style=\"font-size:12px\"><strong>Zinc (lb)<\/strong><\/span><\/td>\n<td style=\"background-color:#fff;text-align:right;vertical-align:top;width:20%\"><span style=\"font-size:12px\"><strong>1.60<\/strong><\/span><\/td>\n<td style=\"background-color:#fff;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#b20c3c;font-size:12px\"><strong>&#8211; 0.03<\/strong><\/span><\/td>\n<td style=\"background-color:#fff;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#b20c3c;font-size:12px\"><strong>&#8211; 1.84%<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"background-color:#f3f3f3;text-align:left;vertical-align:top;width:40%\"><span style=\"font-size:12px\"><strong>West Texas Crude <\/strong><\/span><\/td>\n<td style=\"background-color:#f3f3f3;text-align:right;vertical-align:top;width:20%\"><span style=\"font-size:12px\"><strong>78.43<\/strong><\/span><\/td>\n<td style=\"background-color:#f3f3f3;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#b20c3c;font-size:12px\"><strong>&#8211; 0.47<\/strong><\/span><\/td>\n<td style=\"background-color:#f3f3f3;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#b20c3c;font-size:12px\"><strong>&#8211; 0.60%<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"background-color:#fff;text-align:left;vertical-align:top;width:40%\"><span style=\"font-size:12px\"><strong>Brent Crude<\/strong><\/span><\/td>\n<td style=\"background-color:#fff;text-align:right;vertical-align:top;width:20%\"><span style=\"font-size:12px\"><strong>80.98<\/strong><\/span><\/td>\n<td style=\"background-color:#fff;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#b20c3c;font-size:12px\"><strong>&#8211; 0.93<\/strong><\/span><\/td>\n<td style=\"background-color:#fff;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#b20c3c;font-size:12px\"><strong>&#8211; 1.14%<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"background-color:#f3f3f3;text-align:left;vertical-align:top;width:40%\"><span style=\"font-size:12px\"><strong>Iron Ore (t)<\/strong><\/span><\/td>\n<td style=\"background-color:#f3f3f3;text-align:right;vertical-align:top;width:20%\"><span style=\"font-size:12px\"><strong>125.45<\/strong><\/span><\/td>\n<td style=\"background-color:#f3f3f3;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#b20c3c;font-size:12px\"><strong>&#8211; 1.85<\/strong><\/span><\/td>\n<td style=\"background-color:#f3f3f3;text-align:right;vertical-align:top;width:20%\"><span style=\"color:#b20c3c;font-size:12px\"><strong>&#8211; 1.45%<\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>The Australian share market over the past thirty days&hellip;<\/strong><\/p>\n<\/p>\n<p><img decoding=\"async\" class=\"img-responsive\" src=\"https:\/\/www.fnarena.com\/charts\/fnarena\/market_price_bar.php?symbol=XJO&amp;title=ASX200&amp;date=2022-01-11\" \/><\/p>\n<table border=\"0\" cellpadding=\"4\" cellspacing=\"1\" class=\"marketsummarytable\" style=\"width:75%\">\n<tbody>\n<tr>\n<td colspan=\"4\" style=\"background-color:#303d48\"><span style=\"color:#FFFFFF\">BROKER RECOMMENDATION CHANGES PAST THREE TRADING DAYS<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"background-color:#fff\">BGA<\/td>\n<td style=\"background-color:#fff\">Bega Cheese<\/td>\n<td style=\"background-color:#fff\">Downgrade to Hold from Accumulate<\/td>\n<td style=\"background-color:#fff\">Ord Minnett<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color:#f3f3f3\">PME<\/td>\n<td style=\"background-color:#f3f3f3\">Pro Medicus<\/td>\n<td style=\"background-color:#f3f3f3\">Upgrade to Hold from Reduce<\/td>\n<td style=\"background-color:#f3f3f3\">Morgans<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color:#fff\"><\/td>\n<td style=\"background-color:#fff\"><\/td>\n<td style=\"background-color:#fff\">Downgrade to Reduce from Hold<\/td>\n<td style=\"background-color:#fff\">Morgans<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>For more detail go to FNArena&#039;s <a href=\"http:\/\/www.fnarena.com\/index.php\/financial-news\/australian-broker-call\/\">Australian Broker Call&nbsp;Report<\/a>, which is updated each morning, Mon-Fri.<\/p>\n<p><em>All&nbsp;overnight and intraday prices, average prices,&nbsp;currency conversions and charts for stock indices,&nbsp;currencies, commodities, bonds, VIX and more available on the FNArena website.&nbsp; Click <a href=\"http:\/\/www.fnarena.com\/index4.cfm?type=dsp_trial\">here<\/a>. (Subscribers can access prices on the website.)<\/em><\/p>\n<p><em><strong>(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&#039;s and not by association FNArena&#039;s &#8211; see disclaimer on the website)<\/strong><\/em><\/p>\n<p><em>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<p><em>Find out why FNArena subscribers like the service so much: &quot;<a href=\"http:\/\/www.fnarena.com\/index4.cfm?type=dsp_newsitem&amp;n=29EB960D-9DFF-C00E-7F6B464E5D52E250\">Your Feedback (Thank You)<\/a>&quot; &#8211; Warning this story contains unashamedly positive feedback on the service provided. www.fnarena.com<\/em><\/p>\n<p><em>FNArena&nbsp;is proud about its track record and past achievements: <a href=\"https:\/\/www.fnarena.com\/index.php\/2018\/10\/03\/rudis-view-ten-years-on-the-world-is-still-turning\/\">Ten Years On<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Late buying in US equities won&#8217;t prevent the Australian market from opening weaker this morning, with futures indicating half a percent in losses at the index level from the get-go today<\/p>\n","protected":false},"author":1,"featured_media":99041,"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\/99039"}],"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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=99039"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/99039\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media\/99041"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=99039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=99039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=99039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}