Weekly Brief Sheet - 28/03/22

Provides a market round up, a selection of useful data points we use for our investment analysis, and some interesting articles/charts we have noticed recently.

The S&P/ASX 200 edged up 0.3 per cent on Friday, having briefly climbed a two-month peak in a volatile session for commodity prices due to the war in Ukraine. The index ended the week 1.5 per cent stronger in the second consecutive week of increases.

BHP Billiton was up 0.9 per cent at $49.77, Rio Tinto 0.7 per cent at $116.87 and Fortescue Metals 1.7 per cent at $19.27. Bluescope Steel was the top performer, up 5 per cent to $21.46, underpinned by rising iron ore prices.

Energy stocks rose after oil prices bounced from early losses. Santos rose 0.7 per cent to $7.94 and Woodside 1.2 per cent to $33.59 but Paladin Energy dropped 1.8 per cent to $0.83. The big banks came under pressure with CBA hit the hardest, down 1.3 per cent to $105.92. Macquarie Group, however, edged up 0.7 per cent to $197.87.

The Australian dollar raced to its highest level in nearly five months as the war in Ukraine sustains energy prices at 14-year highs, boosting Australia’s terms of trade.

The currency is now 7.5 per cent above its 18-month low of US69.88¢, reached in January, and is comfortably the strongest performing Group of 10 currency since Russia’s invasion of Ukraine began four weeks ago.

The S&P 500 ended higher on Friday as financial shares rose after the benchmark Treasury yield jumped to its highest level in nearly three years. The Nasdaq ended lower, and tech and other big growth names mostly declined, but they finished off session lows following a late-session rally. For the week, the Nasdaq and S&P 500 registered solid gains of 2% and 1.8%, respectively, and the Dow was nominally higher with a 0.3% rise.

Links:
How could the war in Ukraine impact global food supplies?

10 fastest growing US counties last year accounted for nearly 80 percent of the national total

What can Russia do to sell its unwanted oil?

African swine fever outbreaks in China led to gross domestic product and economic loss
 

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