|Friday 10 May 2019|
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| Last+/-Daily %Global Equity Indices S&P500 2,871-9-0.3%DOW 25,828-139-0.5%NASDAQ 7,911-33-0.4%FTSE 7207-64-0.9%US 10-year bonds 2.453%-0.03 AUD 0.6988unch Commodities Gold US 1,284.70+3.30+0.3%WTI 61.58-0.54-0.9%BHP closedNew York36.81 Australia 36.98 SPI Futures 6,259-13-0.2% |
UK News UK stocks fell overnight as concerns continued over the state of US-China trade relations. There was also quite a few stocks going ex-dividend which weighed on the market. Paddy Power and William Hill were all lower after a new study in the British Medical Journal suggested there should be a mandatory tax on the gambling industry to treat addiction in the UK.
Sunday is Mothers Day………..DO NOT FORGET
US NewsUS stocks were lower again overnight ahead of new US tariffs on Chinese goods set to go into effect at midnight.Stocks were 1.7% lower earlier in the day but pared some of the losses after Trump said it’s possible to get a trade deal with China this week. “It’s possible to do it, they’re all here,” Trump said. “The vice premier one of the most respected men, one of the highest officials in China is coming.”Intel fell nearly 5.3%, after sinking nearly 5% in the previous session as the chipmaker said it sees both revenue and earnings per share growing in single digits.A new survey from the National Centre for Health Statistics has labelled America as “the most medicated country in the world” after it said that 46% of Americans have taken a pharmaceutical drug within the past 30 days. Market Call
Dividends today – JHG 36cDividends tomorrow – Eco data due today — RBA statement on Monetary Policy UK GDP / IP US InflationEco data due tomorrow — Aust Home Loans
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