The benchmark S&P 500 rose as high as 3,387.24 during the session, just above its record high closing level of 3,386.15 from 19 February.
Friday, 14th August, 2020
China shares ended little changed on Thursday, as caution ahead of a US-China meeting this weekend to review the implementation of a bilateral trade agreement offset strength in agriculture stocks on food security concerns. Senior US and Chinese officials will review the Phase 1 trade deal and likely air mutual grievances in an increasingly tense relationship during a 15 August video conference. At the close, the Shanghai Composite index was up 0.04 percent at 3,320.73. Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.15 percent, while Japan's Nikkei index closed up 1.78 percent.
European stocks broke a four-day winning streak as ex-dividend trading and a stronger pound hit the UK's blue-chip companies, while investors sold off banks and energy stocks that have outperformed this week. The pan-European STOXX 600 closed 0.6 percent lower, with London's FTSE 100 sliding 1.5 percent as a jump in the pound hurt exporters on the index, while heavyweights like AstraZeneca, BP, and GlaxoSmithKline traded without entitlement to a dividend payout, hitting their shares.
The benchmark S&P 500 rose as high as 3,387.24 during the session, just above its record high closing level of 3,386.15 from 19 February. The index's intraday record high of 3,393.52 was also set on 19 February. An 11.2 percent slump in shares of Cisco Systems weighed on the Dow and S&P 500 after the company forecast first-quarter revenue and profit below estimates. Concern about corporate earnings has continued despite a mostly stronger-than-expected second-quarter profit season.
Ahead of the local open SPI futures are 3 points lower at 6,044.
|Foreign Equities||Close||Change||% Change|
|Dow Jones (US)||
|FTSE 100 Index||6186||-94||-1.50|
|Nikkei 225 (Japan)||23250||406||1.78|
|Oil - West Texas||/bbl||42.2||-0.4||
|Currency||Close||Pts Change||% Change|
|$A vs $US||0.7149||-0.0014||-0.19|
|$A vs GBP||0.5468||-0.0021||-0.39|
|$A vs EUR||0.6049||-0.0022||-0.36|
|$A vs YEN||76.44||
|$A vs NZD||1.0916||0.0027||0.25|