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Morning (AM) Market Report

U.S. shares finished mixed overnight as investors continued to remain cautious amid geopolitical tensions and ongoing domestic political turmoil.

Tuesday, 22nd August, 2017

Investors are also eyeing this week's upcoming meeting at Jackson Hole between Federal Reserve chair Janet Yellen and global central bankers for any hint as to the direction of monetary policy.

At the close the Dow and the S&P 500 were both up around 0.1%, while the Nasdaq was down 0.1%.

Oil prices settled lower on Monday for the first time in three sessions, giving back most of the gains they saw in the previous session. Sempra Energy (SRE) announced an agreement to acquire an 80% ownership interest in Oncor Energy from bankrupt Energy Future Holdings for $18.8 billion in debt and equity. Sempra's move marks the fourth bidder for Oncor after Hunt Consolidated, NextEra Energy, and Berkshire Hathaway all failed. Most recently, Berkshire Hathaway was outbid by $450 million.

For Australian ADRs listed on the NYSE, BHP Billiton added 51 cents (1.26%) to $40.91, ResMed gained 37 cents (0.51%) to $73.44, Telstra Corporation lost 3 cents (-0.20%) to $15.27 and Westpac declined 3 cents (-0.12%) to $25.68.

At 7:45 am the 10-year Treasury note yield was 2.18% and the 5-year yield was 1.75%.

European stocks were lower on Monday as the FTSE 100, the French CAC 40, and Germany's DAX lost 0.1%, 0.5%, and 0.8%, respectively. Asian markets closed mixed. The Hang Seng and the Shanghai Composite were up 0.4% and 0.6%, respectively, while the Nikkei 225 and India's Sensex fell 0.4% and 0.8%, respectively.

Ahead of the local open, SPI futures were 4 points higher at 5,684.

Foreign Equities Close Change % Change 
Dow Jones (US)  21704

29

0.13
FTSE 100 Index 7319 -5 -0.07
HKSE 27155 107 0.40
NASDAQ 6213 -3 -0.05
Nikkei 225 (Japan) 19393 -77 -0.40
NZ50 7868 -6 -0.07
S&P 500  2428 3 0.12
Commodities US$ Close Change % Change 
Aluminium  /t 3mth 2089 18 0.86
Copper  /t 3mth 6551 99 1.53
Gold  /oz 3mth 1291 -- --
Lead  /t 3mth 2320 -15 -0.64
Nickel  /t 3mth 11264 335

3.07

Oil - West Texas Crude  /t 3mth 47.5 -1.1 -2.32
Zinc  /t 3mth 3119 2 0.06
Currency Close Pts Change % Change 
$A vs $US 0.7938 0.0012 0.15
$A vs GBP 0.6153 -0.0003 -0.04
$A vs EUR 0.6718 -0.0023 -0.35
$A vs YEN 86.48 -0.17 -0.19
$A vs NZD 1.0833 -0.0007 -0.07