Market Comment |
Australia |
| he S&P/ASX 200 index fell 0.4% or 20.261pts to 5099.23 (day range: 5119.5 – 5047) on Tuesday. The index is below its 20d MA (@ 5244) and below its 50d MA (@ 5161). 38% of the index constituents are above their 20D MA (vs 48% the previous session) and 58% of the shares are above their 50D MA (vs 65%).
Australia: The ANZ Roy-Morgan Consumer Confidence Index rose 1.2% WoW to 116.6 in the week ended November 8, the highest level since January 2014. New Zealand: The number of home sales rose 18.6% YoY to 7,838 in October (vs +38.3% in September), according to the Real Estate Institute of New Zealand. The median home price grew 7.0% YoY to NZ$460K (vs +15.4% in September). |
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| The US dollar was mixed against all of its major counterparts on Tuesday. On the economic data front, NFIB small business optimism came in at 96.1 in Oct, in-line with last month and below the estimate of 96.4. US import prices decreased 0.5% in Oct from a decrease of 0.1% in Sept, below the -0.1 estimate. Finally, wholesale inventories rose 0.5% in Sept from an increase of 0.1% in August.
The Euro was under pressure against all its major pairs. In Europe, in the UK, the BRC said retail sales in October were up 0.9%, a disappointing growth compared to a 3.9% surge in September. The Australian dollar was lower against all its major pairs except for the EUR. |
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