Daily Market News

[Pages:3]Daily Market News

5th November, 2019

The Dow Jones Industrial Average rose 114.75 points, or 0.42%, to 27,462.11, while the NASDAQ composite climbed 46.80 points, or 0.56%, to 8,433.20.

US stock benchmarks climbed to all-time highs as trade optimism fuelled demand for risky assets.

China is reviewing locations in the US where President Xi Jinping would be willing to meet with Donald Trump to sign the first phase of a trade deal between the world's two largest economies, according to people who familiar with the plans.

China's offshore renminbi strengthened by as much as 0.27% to 7.0227 per US dollar yesterday, at one point breaking through its 100-day moving average for the first time since May.

US Federal Reserve Bank of Minneapolis president Neel Kashkari said that he is "comfortable" with where the Federal Open Market Committee has set policy following its third interest rate cut of the year last week. He agreed that it should be on pause for a while.

The British pound broadly slipped yesterday amid concerns about the UK general election and a possible squeeze on Conservative Party majority prospects by the Brexit Party. The Bank of England will hold a monetary policy meeting on Thursday.

The Markit eurozone manufacturing index climbed from 45.7 in September to 45.9 in October, better than the market expectation.

The Reserve Bank of Australia will deliver its monetary policy announcement this morning. It is generally expected that the interest rate will be kept unchanged.

The New Zealand dollar surged by 0.6% to as high as US$0.6466 yesterday, the highest level since 14th August. New Zealand prime minister Jacinda Ardern said that New Zealand and China have successfully concluded talks to upgrade their free-trade agreement.

Upcoming Key Economic Data

Date 11/05 11/05 11/05 11/06 11/06 11/06 11/07 11/08 11/08 11/09 11/11 11/11 11/12 11/13

Time 11:30 17:30 23:00 05:45 17:00 18:00 20:00 23:00 21:30 09:30 17:30 17:30 17:30 09:00

Country AU UK US NZ EC EC UK US CA CN UK UK UK NZ

Event RBA Cash Rate Target Markit/CIPS Service PMI ISM Non-Manufacturing Index Unemployment Rate Markit Services PMI Retail Sales (MoM) Bank of England Bank Rate U. of Mich. Sentiment Unemployment Rate CPI (YoY) GDP (QoQ) Industrial Production (MoM) ILO Unemployment Rate RBNZ Official Cash Rate

Period 11/05 Oct Oct

Q3 Oct Sep 11/07 Nov Oct Oct Q3 Sep Sep 11/13

Source: Bloomberg

Survey 0.75% 49.7 53.5 4.1% 51.8 0.0% 0.750% 95.5 5.5% 3.4%

-----

Previous 0.75% 49.5 52.6 3.9% 51.8 0.3% 0.750% 95.5 5.5% 3.0% -0.2% -0.6% 3.9% 1.00%

Historical Performance

Dow Jones Industrial Average

NASDAQ Composite Index

EUR/USD Daily Chart

Source: Bloomberg

AUD/USD Daily Chart

Stock Highlights

Stock Name

Stock Code

Previous Closing Price

52- Week High

52-Week Low

HSBC Holdings

HKEX

Tencent Holdings Ltd.

China Construction Bank Ping An

0005 0388 0700 0939 2318

60.10 250.00 327.60

6.48 93.25

70.50 286.20 400.40

7.21 98.00

55.30 216.20 259.98

5.55 65.95

Daily Price Change

(%)

+0.84%

+1.05%

+1.87%

+1.89%

+1.63%

Year-todate Price

Change (%)

-7.25%

+10.33%

+4.33%

+0.31%

+34.85%

Source: Bloomberg

The information contained in this website is provided by The Bank of East Asia, Limited ("BEA") and is not intended as an offer or solicitation for the purchase and sale of any securities. The securities as listed above are random selections among all stocks as listed in The Stock Exchange of Hong Kong Limited. The contents hereof are intended for information purpose only, and may be subject to change without further notice. The information in this website is based upon information, which BEA considers reliable, but accuracy or completeness is not guaranteed. The information in this website does not take into account of the objectives, financial situation or needs of any particular investor. The information is not recommendation of BEA or its affiliates. BEA, any of its officers or employees will not accept any responsibility or liability whatsoever for any use of or reliance upon any information contained in this website. BEA along with its affiliates and/or persons associated with any of them may from time to time have interests in the securities mentioned in this website. BEA, its directors, employees, associates, subsidiaries and/or affiliates may have positions in, and may effect transactions in securities mentioned herein and may also perform or seek to perform broking, investment banking and other banking services for these companies. Past performance does not guarantee future results. Certain high-volatility investments can be subject to sudden and large falls in value that could equal the amount invested. Investors should therefore, before investing based on the information contained in this website, consider its appropriateness, having regard to their objectives, financial situation and needs. The information contained in this website is not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of, or located in, any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law and regulation of that jurisdiction or which would subject BEA, its directors, employees, associates, subsidiaries and/or affiliates to any registration or licensing requirement within such jurisdiction. The English version of this website may not be a complete translation of its Chinese version.

Issued by The Bank of East Asia, Limited

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download