Markets Live: ASX drops below 5400

Gone are the flat days of August: the ASX is on track for a sixth loss in seven sessions, as investors fret about a possible US rate hike.
Gone are the flat days of August: the ASX is on track for a sixth loss in seven sessions, as investors fret about a possible US rate hike.
The local sharemarket is set for a strong opening after a disappointing August jobs report lowered expectations of a September rate rise, giving Wall Street a boost.
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US stocks rose as August payroll data signalled steady jobs growth, tempering bets on a rate lift.
Gone are the flat days of August: the ASX is on track for a sixth loss in seven sessions, as investors fret about a possible US rate hike.
Bill Gross says August's jobs data ensure the Federal Reserve will raise interest rates this month.
US payrolls grew at a slower but solid pace in August while measures of labour slack were flat.
Investor fears of an imminent US rate rise and falling commodity prices triggered a hefty selloff that saw the ASX end the week in the red.
America's currency has never been stronger according to a new report, with the euro's global reach tumbling.
A resurgent US dollar is likely to keep pressure on the $A, but inflation remains key for RBA.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7575 | 0.7568 | -0.0002fall | -0.03% fall |
AUD/EUR | 0.6791 | 0.6784 | 0.0005rise | 0.07% rise |
Updated: September 5, 2016 - 7:45AM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 4,862,780,389 | 1,969,483,788 | 1,129,694 |
Industrial | 3,961,692,862 | 874,257,619 | 926,392 |
Mining | 888,715,562 | 1,094,865,281 | 198,603 |
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 |
---|---|---|---|---|
ALU | ALTIUM LIMITED | 9.765rise | 9.765 | 9.590 |
AQZ | ALLIANCE AVIATION | 0.845rise | 0.845 | 0.840 |
AVN | AVENTUS RETAIL FUND | 2.540rise | 2.540 | 2.540 |
BMT | BERKUT MINERALS LTD | 0.270rise | 0.270 | 0.260 |
CAF | CENTREPOINT ALLIANCE | 0.500rise | 0.500 | 0.500 |
CBL | CBL CORPORATION LTD | 2.930rise | 2.930 | 2.900 |
CDA | CODAN LIMITED | 1.440rise | 1.440 | 1.370 |
CMP | COMPUMEDICS LIMITED | 0.650rise | 0.650 | 0.595 |
CTD | CORP TRAVEL LIMITED | 18.520rise | 18.520 | 18.240 |
DDR | DICKER DATA LIMITED | 1.975rise | 1.975 | 1.930 |
Updated: September 2, 2016 - 6:50PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
ACG | ATCOR MEDICAL | 0.100fall | 0.100 | 0.110 |
AHL | AHALIFE HOLDINGS LTD | 0.115fall | 0.115 | 0.120 |
BAS | BASS STRAIT OIL CO | 0.001fall | 0.001 | 0.001 |
BMN | BANNERMAN RESOURCES | 0.025fall | 0.025 | 0.025 |
BPG | BYTE POWER GROUP | 0.001fall | 0.001 | 0.001 |
CND | CLARIUS GRP LTD | 0.130fall | 0.130 | 0.140 |
CYG | COVENTRY GROUP | 0.990fall | 0.990 | 1.040 |
DM1 | DIRECTMONEY LIMITED | 0.013fall | 0.013 | 0.025 |
DRO | DRONESHIELD LIMITED | 0.195fall | 0.195 | 0.195 |
DYL | DEEP YELLOW LIMITED | 0.003fall | 0.003 | 0.003 |
Updated: September 2, 2016 - 4:11PM |
Code | Time | Announcement |
---|---|---|
VGL | 07:36AM | VGL - Vista Group to enter S&P; NZX 50 Index |
AIA | 07:31AM | AIA Ongoing Disclosure Notice |
CNU | 07:31AM | Clayton Wakefield to step down from Chorus Board |
Company | Security Code | Float date | Issue $ |
---|---|---|---|
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 |
DomaCom Limited | DCL | 18/08/2016 | 0.75 |
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