What's happening in markets? Friday 15 February

Patrick Poke

Livewire Markets

Australian Securities Exchange delists record number of Chinese firms; US retail sales for December is worst result since 2009; and Charlie Munger warns against teaching young people to actively trade stocks. Here's what's happening in markets today. 

What I'm reading

Chinese firms in the ASX's firing line

A record number of Chinese firms were delisted by the ASX in 2018. Six of the ~40 Chinese companies have been delisted for reasons including failing to lodge financial statements and corporate governance concerns. 

Read article

US retail sales could spell trouble for the economy

New data yesterday showed US retail sales fell 1.2% in December, the worst result since 2009. 

Read article

Charlie Munger: Active trading is like heroin

While most investors are familiar with Charlie's appearances at the Berkshire Hathaways AGM, the 95-year-old is also the Chairman of the Daily Journal. CNBC has provided covereage of the event (see links below), or you can watch the full, unabridged, 2-hour monologue below that. 

Read article

More highlights from the Daily Journal meeting

Stocks to watch

At the time of writing, the following companies had released half-yearly results to the market:

  • Medibank Private Limited (MPL)
  • Baby Bunting Group (BBN)
  • People Infrastructure Limited (PPE)
  • Domain Holdings (DHG) - read Chris Prunty's take on the result here
  • Whitehaven Coal (WHC)
  • Link Group (LNK)
  • Vicinity Centres (VCD)

Key market data

  • ASX Futures: 6,001.5 (-0.98%)
  • AUD/USD: 0.7107 (+0.25%)
  • ASX200: 6,059.40 (-0.07%)
  • S&P 500: 2,745.73 (-0.27%)
  • China A50: 11,847.81 (-0.00%)
  • Australia 2-yr bond: 1.752 (-0.96%)
  • Australia 10-yr bond: 2.086 (-2.84%)
  • US 2-yr bond: 2.496 (-1.63%)
  • US 10-yr bond: 2.655 (-1.98%)
  • Gold (USD/oz): 1,315.70 (+0.05%)
  • Copper (USD/lb): 2.771 (-0.07%)
  • Brent Oil (USD/bbl): 64.60 (+1.56%)
  • 62% Iron Ore (USD/t): 87.35 (+1.75%)

Yield curve chart

Upcoming releases and events

  • Chinese CPI and PPI for January is released at 12:30pm AEST

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Patrick Poke
Patrick Poke
Managing Editor
Livewire Markets

Patrick was one of Livewire’s first employees, joining in 2015 after nearly a decade working in insurance, superannuation, and retail banking. He is passionate about investing, with a particular interest in Australian small-caps.

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