Markets Live: ASX loses steam
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Resources stocks are keeping the ASX afloat, but the banks are weighing.
Resources stocks are keeping the ASX afloat, but the banks are weighing.
The internet economy looks set to burst all over again one day soon - and, even if we don't know how yet, we can be certain that we will all suffer.
​Wall Street stocks ended at record highs on Thursday as surging oil prices and strong earnings from department stores Macy's and Kohl's buoyed investor sentiment.
Records are getting harder for strategists to ignore with Wells Fargo the latest to lift its target.
The Australian equity market will open on the front foot today, with leads from US stocks constructive.
Tech start-ups are making it easier for employees to cash out ahead of an initial public offering.
Iron ore is poised to rally the next two years, according to Prestige Economics LLC's Jason Schenker.
The ASX is set to open lower after Wall Street slipped overnight.
Resources stocks are keeping the ASX afloat, but the banks are weighing.
Westpac shares had their worst day since June, and Telstra unveiled a complicated set of numbers.
Bonus pools for Wall Street players this year may not shrink as much as earlier forecast.
The Reserve Bank of New Zealand cut rates a quarter point to 2 per cent because of uncertain global growth.
Shares in Computershare surged as investors drew comfort from optimism of a growth strategy emerging despite concerns that new technologies may undermine parts of the operations.
A year after global markets were shaken by a surprise China devaluation, they are now becalmed.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7678 | 0.7673 | -0.0022fall | -0.29% fall |
AUD/EUR | 0.6895 | 0.6888 | -0.0020fall | -0.29% fall |
Updated: August 12, 2016 - 12:21PM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 2,157,552,528 | 1,200,399,805 | 459,831 |
Industrial | 1,798,439,296 | 443,162,176 | 376,856 |
Mining | 351,767,201 | 757,090,868 | 81,296 |
David Samra, awarded for his stock-picking during and after the 2008 financial crisis, says now's the time for a steady hand and no emotion.
The Sydney software company just released its first quarterly earnings report since listing on the Nasdaq late last year.Â
Markets are in a well-oiled "death spiral," analysts at Citigroup say.
Code | Name | New Highs | Last Week | Last Month |
---|---|---|---|---|
ZIM | ZIMPLATS HOLDING LTD | 7.440rise | 3.600 | 3.800 |
AAR | ANGLO AUSTRALIAN | 0.026rise | 0.016 | 0.015 |
WWI | WEST WITS MINING LTD | 0.050rise | 0.032 | 0.032 |
ERL | EMPIRE RESOURCES | 0.046rise | 0.032 | 0.030 |
CZN | CORAZON LTD | 0.017rise | 0.012 | 0.010 |
IPD | IMPEDIMED LIMITED | 1.820rise | 1.380 | 1.380 |
AQI | ALICANTO MIN LTD | 0.380rise | 0.305 | 0.300 |
MTB | MOUNT BURGESS MINING | 0.016rise | 0.013 | 0.013 |
AQZ | ALLIANCE AVIATION | 0.830rise | 0.675 | 0.550 |
ORR | ORECORP LTD | 0.685rise | 0.560 | 0.510 |
Updated: August 12, 2016 - 12:50PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
SKF | SKYFII LTD | 0.046fall | 0.060 | 0.059 |
ACP | AUDALIA RES LTD | 0.025fall | 0.030 | 0.036 |
NWZ | NEWZULU LIMITED | 0.010fall | 0.012 | 0.011 |
PDN | PALADIN ENERGY LTD | 0.150fall | 0.175 | 0.185 |
ABW | AURORA ABSOLUTE | 0.740fall | 0.790 | 0.780 |
NOX | NOXOPHARM LIMITED | 0.170fall | 0.000 | 0.000 |
Updated: August 12, 2016 - 12:50PM |
Company | Security Code | Float date | Issue $ |
---|---|---|---|
AdAlta Limited | 1AD | 22/08/2016 | 0.25 |
Aurora Labs Limited | AD3 | 0.20 | |
Broo Ltd | BEE | 12/09/2016 | 0.20 |
CoAssets Limited | CA8 | 05/07/2016 | 0.40 |
CFOAM Limited | CFO | 29/07/2016 | 0.20 |
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