Index
DJIA
S&P 500
NASDAQ
FTSE100
DAX
CAC 40
NIKKEI 225
HANG SENG
All Ords
ASX 200
BCap Average*
Gold (USD/oz)
Oil (USD/bbl)
Copper (USD/lb)
Close
20,269.37
2,316.10
5,734.13
7,258.75
11,666.97
4,828.32
19,378.93
23,574.98
5,771.60
5,720.60
1,002.95
US$1,243.70
US$53.85
US$276.80
Change
+96.97
+8.23
+18.95
+29.25
+24.11
+2.08
471.26
+49.84
+53.90
+56.00
0.00
-2.10
+0.85
+11.45
Change (%)
+0.48%
+0.36%
+0.33%
+0.40%
+0.21%
+0.04%
+2.49%
+0.21%
+0.94%
+0.99%
0.00%
-0.17%
+1.60%
+4.32%
US Market- U.S. stock-market indexes registered fresh records Friday and posted a third straight weekly gain,
as investors focused on President Donald Trump’s pledge to move quickly on changes to the tax code—which
has the potential to deliver a jolt to corporate earnings.
The S&P 500 index SPX, +0.36% rose 8.23 points or 0.4% to 2,316.10—a second straight record finish. A jump
in oil prices lifted materials, energy and industrials shares, which led the gainers. Over the week, the index
climbed by 0.8%.
The Dow Jones Industrial Average DJIA, +0.48% added 96.97 points, or 0.5% to 20,269.37, led by gains
in Caterpillar Inc. CAT, +2.50% up 2.5% and Nike, Inc. NKE, +1.65% up 1.7%. The blue-chip gauge logged a
1% weekly climb.
The Nasdaq Composite Index COMP, +0.33% advanced 18.96 points, or 0.3%, to 5,734.13. The tech-heavy
index ended the week 1.2% higher.
Europe Market- European stocks advanced for a fourth straight day on Friday, boosted by optimism over
strong export data from China and a round of upbeat corporate results.
The Stoxx Europe 600 index SXXP, +0.16% added 0.2% to end at 367.39, marking its highest close since Jan.
26, according to FactSet data.
The U.K.’s FTSE 100 index UKX, +0.40% gained 0.4% to 7,258.75, for its highest close in almost four weeks.
Germany’s DAX 30 index DAX, +0.21% added 0.2% to 11,666.97, while France’s CAC 40
index PX1, +0.04% closed marginally higher at 4,828.32.
Asia Market- Stocks and the dollar rebounded Friday, with Asian markets coming back to life after a listless
Thursday as President Donald Trump said he would soon announce tax-reform measures.
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Japan led gains in the region, as a sharp drop in the yen steered the Nikkei Stock Average NIK, +2.49% 2.5%
higher, nearly matching the best gain of the year.
Equities were broadly higher elsewhere, with Australia’s S&P/ASX 200 XJO, +0.99% closing up 1%, Korea’s
Kospi SEU, +0.45% rising 0.4% and Hong Kong’s Hang Seng HSI, +0.21% advancing 0.6%.
Australian Market- The Australian market on Friday closed stronger, buoyed by record highs on Wall Street
and investor hopes the local earnings season won’t be as bad as initially feared.
The benchmark S&P/ASX200 index rose 56 points, or 0.99 per cent, at 5,720.6 points, while the broader All
Ordinaries index was up 53.9 points, or 0.94 per cent, at 5,771.6 points.
There is a creditors meeting regarding Marcs and David Lawrence in Sydney. Meanwhile, the Australian dollar
has outperformed, and is up against its US counterpart despite the US dollar also lifting against a basket of
currencies. The local currency, whose lift coincided with a rise in the iron ore price, was trading at 76.81 US
cents at 0704 AEDT on Monday, from 76.40 on Friday.
At 0704 AEDT on Monday, the share price futures index was up 10 points at 5,677.
Port Moresby- POMSOX was quiet Friday with all stocks closing unchanged. Newcrest NCM witnessed
small volumes exchanged at K46.00 a share. Meanwhile bids for BSP and Credit Corporation closed at K9.01
and K1.88 respectively. Oil Search sellers are available as a low K18.00 a share.
In dual listing trading; Oil Search OSH+0.87% and InterOil IOC+0.02% both finished in positive territory closing
up at A$6.99 and US$48.04 per share respectively. Meanwhile Kina Securities KSL-0.94% and Newcrest
NCM-3.18% closed lower to A$1.05 and A$22.54 respectively on the Australian Securities Exchange.
Equities news; InterOil Corporation (IOC) announced on Thursday (09.02.2017) that it has entered into a new
US$470 million senior secured credit facility. Once the conditions precedent are satisfied, the new facility will
refinance and replace the existing US$400 million secured capital expenditure facility.
BSP
NCM
9.010
46.000
10.000
9.010
46.000
9.050
46.000
9.010
46.000
9.010
46.000
558
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Gold- Gold futures ended lower Friday, but finished the week with a gain of more than 1% as the U.S. dollar
lost more ground against the yen during a joint conference between the leaders of Japan and the U.S.
April gold GCG7, -0.15% fell 90 cents, or less than 0.1%, to settle at $1,235.90 an ounce after trading as low as
$1,222.60.
Oil – Oil prices on Friday scored their highest finish since the start of the month after the International Energy
Agency lifted its forecast for global-oil demand and estimated strong compliance with OPEC’s pledge to cut
output.
March West Texas Intermediate crude CLH7, +1.60% rose 86 cents, or 1.6%, to settle at $53.86 a barrel on the
New York Mercantile Exchange, with prices marking their highest finish since Feb. 1, according to FactSet
data. For the week, it settled just 3 cents above last Friday’s finish at $53.83.
April Brent crude LCOJ7, +1.76% on London’s ICE Futures exchange added $1.07, or 1.9%, to $56.70 a
barrel, paring its weekly loss to 0.2%.
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5,045
2,806
MAKING NEWS IN BUSINESS AND FINANCE TODAY
1. SYDNEY — The Australian market looks set to open higher after international markets put in strong
performances across the board in their last session. At 0704 AEDT on Monday, the share price futures
index was up 10 points at 5,677.
2. SYDNEY — Meanwhile, the Australian dollar has outperformed, and is up against its US counterpart
despite the US dollar also lifting against a basket of currencies. The local currency, whose lift
coincided with a rise in the iron ore price, was trading at 76.81 US cents at 0704 AEDT on Monday,
from 76.40 on Friday.
3. DUBAI — The head of the International Monetary Fund says US President Donald Trump taking
office is likely good for the American economy in the short term, though rising interest rates and a
strengthening dollar will challenge global trade.
4. LOS ANGELES — A campaign is building in Washington DC for Australian Prime Minister Malcolm
Turnbull to address a joint meeting of US Congress, a rare honour bestowed on world leaders
including Winston Churchill, Nelson Mandela and Pope Francis.
5. WASHINGTON DC — Nordstrom’s sales of first daughter Ivanka Trump’s line of clothing and shoes
fell by nearly one-third in the past fiscal year, with sharp drops in sales weeks before the election, the
Wall Street Journal reports.
Sources: Bloomberg, Reuters, Yahoo Finance, Market Watch, POMSoX, Bank of Papua New Guinea
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