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The Morning Report is updated each weekday morning and is freely available to all site visitors. It provides a brief snapshot of both overnight global financial markets and the local share market from the previous day, including top 5 and bottom 5 movers, open corporate actions, and upcoming dividends. Also provided are quotes on indices, commodities and currencies, plus an Economic Diary.

17.01.2022

The Morning Report

Overnight global markets, Aussie market wrap, and research updates


Monday 17/01/2022

GLOBAL MARKET WRAP

The S&P 500 rose 4pts on Friday to close 0.1% higher at 4,663, ending the week in the red for the second straight week. The Energy sector was the strongest performer (+2.5%). The US 10-year treasury yield rose 8bps to 1.78%, while the USD Index rose 0.4% to 95.17 this morning.

US: Retail sales unexpectedly fell in December, losing 1.9%, the largest fall since February 2021 and ending four straight months of strong sales growth. The preliminary reading for the Michigan Consumer Sentiment index came in at 68.8 in January, below the expected 70.0 and down from 70.6 in December.

China: The trade surplus widened to an all-time high of US$94.46 billion in December, well ahead of the expected rise to US$74.5 billion and US$71.7 billion in November.

UK: GDP increased 0.9% in November, ahead of the 0.4% rise expected, with the yearly rate improving from 5.1% to 8.0%.

LOCAL MARKET WRAP

The ASX 200 fell 81pts on Friday to close 1.1% lower at 7,394, with the Information Technology sector the weakest performer (-3.9%). The SPI Futures Index is trading 28pts higher this morning at 7,330. The 10-year treasury yield fell 1bp to 1.85% and the AUDUSD fell 1.0% to 0.7208 this morning.

Pendal Group Limited (PDL) announced on Friday, Funds under Management (FUM) for the quarter ending December 2021 of A$135.7 billion, a decrease of A$3.5 billion on September 2021 FUM. The decrease was driven by net outflows of A$6.8 billion, primarily by two sizeable UK institutional redemptions in the Global Opportunities strategy totalling A$5.1 billion. Positive investment performance and market moves helped offset the outflows by A$3.8 billion, whilst negative currency effects accounted for a A$0.5 billion fall in FUM for the quarter. JOHCM performance fees of ~A$43.4 million were realised for the 12-month period to 31 December 2021, an improvement of A$2.2 million on the pcp. PDL shares fell 15.8% to close at $5.00.

 

ASX 200 TOP MOVERS

Company Name Close Price Change (%)
ResMed Inc (RMD) $34.79 3.6
Ramelius Resources Ltd (RMS) $1.51 3.4
AGL Energy Ltd (AGL) $7.47 2.8
Alumina Ltd (AWC) $2.05 2.5
Independence Group NL (IGO) $12.72 2.2

ASX 200 BOTTOM MOVERS

Company Name Close Price Change (%)
Pendal Group Ltd (PDL) $5.00 -15.8
Afterpay Touch Group Ltd (APT) $69.03 -9.2
Zip Co Ltd (Z1P) $3.70 -5.1
Whitehaven Coal Ltd (WHC) $2.80 -5.1
Xero Ltd (XRO) (XRO) $119.11 -5.0

ECONOMIC DIARY

Country Event Date AEST
China Industrial Production 17/01/2022 13:00
China Fixed Asset Investment (Ex Rural) 17/01/2022 13:00
China GDP 17/01/2022 13:00
China Retail Sales 17/01/2022 13:00
Japan BOJ Policy Rate Decision 18/01/2022 00:00
Australia ANZ/Roy Morgan Consumer Confidence 18/01/2022 09:30
Japan Industrial Production 18/01/2022 15:30
United Kingdom Labour Market Report 18/01/2022 18:00
Germany ZEW Survey 18/01/2022 21:00

 

OPEN ASX 200 CORPORATE ACTIONS

NameCODEEVENTLonsec RecommendationCLOSING DATE
Corporate Travel Management LtdCTDShare purchase planSee CA Journal20/01/2022
CSL LtdCSLShare Purchase PlanSee CA Journal07/02/2022
Westpac Banking CorpWBCBuy Backn/a11/02/2022

Members can view the latest Corporate Action Journal in the "Latest Research" section for details on Lonsec's recommendations on these corporate actions.

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