Good morning traders. Thanks @ttward, @Ravgnome & the aftermarket loungers. Good luck with your heart op @rick64.
ASX Market Report
The ASX 200 followed the US and European markets down for a second day after a sense of gloom and doom continued to hover over equity markets and fed into the risk-off tone. The ASX 200 was down 47.9 points or 0.73% to 6,392.1.
For the second day running, it was the Telco’s that were the only sector to finish in the green, rising 1.14% and far eclipsing what any other sector could muster. It was Telstra (TLS) that did the heavy lifting again, rising 6c or 1.68%. There also gains to the likes of Speedcast International (SDA) who jumped 1.07%, TPG Telecom (TPM) who were up 0.80%, and Spark New Zealand (SPK) rose 0.56%.
Horticultural company Costa Group (CGC) were far and away the worst performer on the benchmark index after issuing a profit warning, falling a whopping 27.61% to $3.75, and seeing a massive surge in volume traded. Agribusiness Elders (ELD) was also down fo the day, falling 5.5% to $5.83 and the second-worst performer on the index.
Shares in Rio Tinto’s & BHP slid on the back of falling commodities prices, with Rio down 3.33% and BHP losing 1.72%.
Shares in Apollo Tourism & Leisure (ATL) fell 32.8% after receiving a 20% downgrade to their earnings guidance.
Defence and space systems contractor Electro Optic Systems (EOS) jumped after it said it was on track to deliver EBIT of around $20 million in 2019, up 180% from 2018.
At 7am AEST, the Aussie dollar was buying .6914 USD, .5484 GBP, .6210 EUR, 75.78 JPY, and 1.061 NZD.
The ASX 200 futures were pointing towards a 12 point or 0.19% gain following a more stable overnight session.
Global Markets Report
U.S. markets halted their slide and recorded their first up day of the week, although it was hardly a spectacular one. The Dow was up 43.47 points or 0.17% to 25,169.88, the S&P 500 rose 5.84 points or 0.215 to 2,788.86, and the Nasdaq outperformed slightly to rise 20.41 points or 0.27% to 7,567.22 points.
European stocks fared a bit better as they regained some of their losses from the previous day. The pan-European Stoxx 600 was up 0.42% after the DAX, FTSE 100 and CAC 40 all saw rises of around half of a percent.
In Asia equity markets were broadly softer following European and U.S. markets falling on Wednesday, although did hold up a bit better than the day before. The Shanghai Composite broke it’s four day winning streak after falling 0.31%, the Korean Kospi bucked the overall trend rising 0.77%, the Nikkei was down 0.29%, and the Hang Seng fell 0.44%.
The dollar index, which tracks the U.S. dollar against six major currencies, saw a slight rise of 0.02% to 98.1660
Oil prices fell after an industry report showed a smaller-than-expected decline in U.S. crude inventories. U.S. WTI crude futures were down 1.9% to $57.69 per barrel. Brent crude was down 2.9% to $67.42 per barrel.
The spot gold price was up 0.62% to 1,288.54 USD/oz.
Please include the STOCK CODE in your post out of respect for your fellow traders, or use the OT (off topic) tag for non-stock related content.
We’ve almost made it to the end of May. Hooray. Our reward is... oh Winter that’s right. Never mind the celebrations then, just some hot food.
- Forums
- ASX - Day Trading
- Day Trading Pre-market Open - 31 May 2019 (Begone May)
Good morning traders. Thanks @ttward, @Ravgnome & the...
-
- There are more pages in this discussion • 81 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online