Trade war lingers ahead of G20 summit: ASX poised to open lower

Market Reports

by Rachael Jones

Following weak leads from US markets, the Australian share market looks set to open lower. Most US stocks fell but the tech sector did see some strength. The S&P 500 dropped for a fourth day straight. The benchmark swung between gains and losses for most of the afternoon session, mainly due to the uncertainty surrounding the meeting of Donald Trump and Xi Jinping at the G20 later this week. On the commodities front, oil has gained and gold has taken a fall.

Markets

Wall Street closed mixed yesterday: The Dow Jones Industrial Average closed 0.04 per cent lower at 26,537, the S&P 500 fell 0.1 per cent to close at 2914 and the NASDAQ added 0.3 per cent lower at 7910.

European markets closed mixed: London’s FTSE fell 0.1 per cent, Paris lost 0.3 per cent and Frankfurt was up 0.1 per cent.

Asian markets closed mixed, Tokyo’s Nikkei fell 0.5 per cent, Hong Kong’s Hang Seng was up 0.1 per cent and China’s Shanghai Composite fell 0.2 per cent.

The SPI futures are down 15 points. Yesterday, the Australian share market closed 18 points or 0.3 per cent lower at 6640.

Company news

Galaxy Resources (ASX:GXY) yesterday reported an update regarding its Mt Cattlin shipment guidance for Q2 2019. To date in Q2 2019 Galaxy has completed two shipments totaling approximately 30,000 dry metric tonnes. The planned third shipment of 15,000 dmt that was previously expected to depart Esperance port before the end of Q2 has been delayed and will now form part of the shipment scheduled for July 2019. Galaxy is currently working with its customers to finalise its shipping schedule for Q3 2019. Shares in Galaxy Resources (ASX:GXY) closed 1.56 per cent lower at $1.27.

Currencies

One Australian Dollar at 7:40AM was buying 69.88 US cents, 55.08 Pence Sterling, 75.31 Yen and 61.44 Euro cents.

Commodities

Iron Ore futures suggest a 2.7 per cent gain.
Gold has fallen $6.30 to US$1412 an ounce.
Silver was down $0.06 to US$15.32 an ounce.
Oil gained $1.38 to US$59.21 a barrel.
 

Ex - Dividends

Abacus Property Grp. (ASX:ABP ) is paying 9.25 cents unfranked
Apn Industria REIT (ASX:ADI) is paying 4.25 cents unfranked
Australiangovernance (ASX:AGM) is paying 4.5 cents unfranked
Australian Unity Off (ASX:AOF) is paying 3.95 cents unfranked
Aveo Group (ASX:AOG) is paying 4.5 cents unfranked
APA Group (ASX:APA) is paying 25.5 cents unfranked
Aims Pror Sec Fund (ASX:APW) is paying 0.5943 cents unfranked
Aspen Group (ASX:APZ) is paying 2.7 cents unfranked
Apn Conv Retail REIT (ASX:AQR) is paying 5.225 cents unfranked
Arena REIT. (ASX:ARF) is paying 3.375 cents unfranked
Aventus Group (ASX:AVN) is paying 4.18 cents unfranked
Australian Enhanced (ASX:AYF) is paying 8 cents 50.77 per cent franked
BWP Trust (ASX:BWP) is paying 10.74 cents unfranked
Carindale Property (ASX:CDP) is paying 18.1 cents unfranked
Charter Hall Group (ASX:CHC) is paying 17.2 cents 37.79 per cent franked
Centuria I REIT (ASX:CIP) is paying 4.6 cents unfranked
Chtr H Lwr (ASX:CLW) is paying 7.1 cents unfranked
Centuria Metro REIT (ASX:CMA) is paying 4.358 cents unfranked
Cromwell Prop (ASX:CMW) is paying 1.8125 cents unfranked
Centuria Capital (ASX:CNI) is paying 5 cents 10 per cent franked
Charter Hall Education Trust (ASX:CQE) is paying 4 cents unfranked
Charter Hall Retail REIT (ASX:CQR) is paying 14.48 cents unfranked
Dexus (ASX:DXS) is paying 23 cents unfranked
Evans & Partners Asia Fund (ASX:EAF) is paying 2.6 cents unfranked
Evans & Partners Australian Flagship Fnd (ASX:EFF) is paying 3.6 cents unfranked
Evans & Partners Global Flagship Fund (ASX:EGF) is paying 8.6 cents unfranked
Elanor Investors Group (ASX:ENN) is paying 8.9 cents unfranked
Elanor Retail Property Fund (ASX:ERF) is paying 4.32 cents unfranked
Forager Australian Shares Fund (ASX:FOR) is paying 1.35 cents unfranked
Fat Prophets Global Property Fund (ASX:FPP) is paying 3.6415 cents unfranked
Gryphon Capital Income Trust (ASX:GCI) is paying 0.86 cents unfranked
Garda Capital Group Stapled Securities (ASX:GCM) is paying 1.25 cents unfranked
Garda Diversified Property Fund (ASX:GDF) is paying 2.25 cents unfranked
GDI Property Group Ltd (ASX:GDI) is paying 3.875 cents unfranked
Goodman Group (ASX:GMG) is paying 15 cents unfranked
Growthpoint Property (ASX:GOZ) is paying 11.6 cents unfranked
GPT Group (ASX:GPT) is paying 13.11 cents unfranked
Hotel Property (ASX:HPI) is paying 10.1 cents unfranked
Infigen Energy (ASX:IFN) is paying 1 cents unfranked
Kirkland Lake Gold (ASX:KLA) is paying 4.845 cents unfranked
ALE Property Group (ASX:LEP) is paying 10.45 cents unfranked
Mirvac Group (ASX:MGR) is paying 6.3 cents unfranked
Mitchell Services (ASX:MSV) is paying 0.1 cents fully franked
NEW Energy Solar (ASX:NEW) is paying 3.9 cents unfranked
National Storage (ASX:NSR) is paying 5.1 cents unfranked
Perpetual Credit Income Trust (ASX:PCI) is paying 0.0854 cents unfranked
Qualitas Real Estate Income Fund (ASX:QRI) is paying 0.8397 cents unfranked
Reef Casino Trust (ASX:RCT) is paying 2.61 cents unfranked
Redcape Hotel Group (ASX:RDC) is paying 2.1815 cents unfranked
Rural Funds Group (ASX:RFF) is paying 2.6075 cents unfranked
SCA Property Group (ASX:SCP) is paying 7.45 cents unfranked
Stockland (ASX:SGP) is paying 14.1 cents unfranked
SYD Airport (ASX:SYD) is paying 19.5 cents unfranked
Transurban Group (ASX:TCL) is paying 30 cents 6.66 per cent franked
360 Capital Total Return Fund (ASX:TOT) is paying 3 cents unfranked
US Masters Residential Property Fund Unit (ASX:URF) is paying 1 cents unfranked
Vicinity Centres (ASX:VCX) is paying 7.95 cents unfranked
Viva Energy REIT (ASX:VVR) is paying 7.18 cents unfranked

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