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Morning (AM) Market Report

On Wall Street, the S&P 500 has edged lower as losses by healthcare companies overshadowed gains in the technology sector, while investors await US President Trump's meeting with Chinese President Xi Jinping at the G20 summit later this week.

Tuesday, 25th June, 2019

China stocks were up slightly as investors await positive signs of US-China negotiations at the G20 summit later this week. China and the US should make compromises in trade talks, Chinese Vice Commerce Minister Wang Shouwen said on Monday, ahead of the much-anticipated meeting on the sidelines of the summit. The Shanghai Composite Index gained 0.2 percent to 3,008.15, while the blue-chip CSI300 index also rose 0.2 percent to 3,841.27. The Hang Seng index rose 0.1 percent, to 28,513.00 points, while the China Enterprises Index gained 0.3 percent, to 10,952.94 points.

European stock markets declined on Monday, as investors awaited US-China trade talks and weak German economic data dragged. The pan-European STOXX 600 index closed 0.25 percent lower, with most of its major component markets in the red, led by a 0.5 percent dip in Frankfurt's DAX.

On Wall Street, the S&P 500 has edged lower as losses by healthcare companies overshadowed gains in the technology sector, while investors await US President Trump's meeting with Chinese President Xi Jinping at the G20 summit later this week. The Nasdaq slipped but tariff-sensitive industrials, headed up by Boeing, led the blue-chip Dow Jones Industrial Average to a nominal advance.

The Dow Jones Industrial Average rose 8.41 points, or 0.03 percent, to 26,727.54 on Monday, the S&P 500 lost 5.11 points, or 0.17 percent, to 2945.35. The tech-heavy Nasdaq Composite dropped 26.01 points, or 0.32 percent, to 8005.70.

Ahead of the local open SPI futures were 14 points lower at 6,579.

Foreign Equities Close Change % Change 
Dow Jones (US) 

26728

8

0.03
FTSE 100 Index 7417 9 0.12
HKSE 28513 39 0.14
NASDAQ 8006 -26 -0.32
Nikkei 225 (Japan) 21286 27 0.13
NZ50 10388 61 0.59
S&P 500  2945 -5 -0.17
Commodities US$ Close Change % Change 
Aluminium  /t 3mth 1769 26 1.51
Copper  /t 3mth 5941 -16 -0.27
Gold  /oz 3mth 1418 11 0.78
Lead  /t 3mth 1907 10 0.50
Nickel  /t 3mth 12070 51

0.42

Oil - West Texas Crude  /t 3mth 57.9 0.5 0.82
Zinc  /t 3mth 2613 67 2.61
Currency Close Pts Change % Change 
$A vs $US 0.6961 0.0020 0.28
$A vs GBP 0.5468 0.0024 0.44
$A vs EUR 0.6109 0.0011 0.18
$A vs YEN 74.77

0.26

0.35
$A vs NZD 1.0518 -0.0001 -0.01