Markets Live: ASX slips ahead of RBA
![Stacks of the new Five dollar $5 note. Photo: RBA](/web/20160906023854im_/http://www.theage.com.au/content/dam/images/g/r/5/x/a/u/image.related.landscape.120x80.gr9kur.png/1473127594426.jpg)
Shares give up some of yesterday's strong bounce ahead of RBA's rates decision.
Shares give up some of yesterday's strong bounce ahead of RBA's rates decision.
While markets have been pushed to extremes, there is little consensus on where they will develop from here. Goldman Sachs has outlined four potential directions.
Local shares are set to open lower on the back of a soft lead from Europe while RBA chief Glenn Stevens will hand down his last interest rates decision this afternoon.
Oil rose after Russia and Saudi Arabia said they agreed to cooperate on stabilising the market.
BHP Billiton expects iron ore prices to begin retreating as new supply hits the market.
Yuan bears are turning rallies in the Chinese currency into increasingly short-lived affairs.
If at first you don't succeed, extend, and then extend again.
With a move into Senegal under a cloud, Woodside has taken a safer option with its latest expansion by acquiring acreage off Western Australia.
Shares give up some of yesterday's strong bounce ahead of RBA's rates decision.
A belated spring bounce pushed the ASX higher, despite a string of analyst downgrades that saw investors flee aged care stocks.
Shares in the three largest ASX-listed aged care operators have slumped following new guidelines by the federal government for charging certain service fees from residential aged care customers.
Investors are bracing for a market pullback this month. "It's likely at some stage we're going to get a price adjustment to realistic levels."
The local sharemarket is set for a strong opening after a disappointing August jobs report lowered expectations of a September rate rise, giving Wall Street a boost.
Yuan bears are turning rallies in the Chinese currency into increasingly short-lived affairs.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7621 | 0.7619 | 0.0041rise | 0.54% rise |
AUD/EUR | 0.684 | 0.6836 | 0.0038rise | 0.56% rise |
Updated: September 6, 2016 - 12:06PM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 1,515,941,380 | 1,181,351,763 | 388,760 |
Industrial | 1,225,448,102 | 354,099,171 | 320,492 |
Mining | 284,454,625 | 827,086,148 | 66,819 |
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 |
---|---|---|---|---|
NOV | NOVATTI GROUP LTD | 0.235rise | 0.125 | 0.150 |
BRL | BATHURST RES LTD. | 0.033rise | 0.025 | 0.026 |
FBR | FASTBRICK ROBOTICS | 0.081rise | 0.062 | 0.057 |
KDR | KIDMAN RESOURCES LTD | 0.395rise | 0.325 | 0.350 |
PAR | PARADIGM BIO. | 0.520rise | 0.450 | 0.440 |
AFY | AFTERPAY HOLDINGS | 3.140rise | 2.840 | 2.870 |
CMP | COMPUMEDICS LIMITED | 0.700rise | 0.650 | 0.595 |
IIL | INNATE IMMUNO | 0.495rise | 0.465 | 0.420 |
TTL | TRANSCENDENCE | 0.034rise | 0.032 | 0.030 |
HHL | HUNTER HALL INTER. | 4.510rise | 4.340 | 4.340 |
Updated: September 6, 2016 - 12:36PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
KBL | KBL MINING LIMITED | 0.001fall | 0.002 | 0.002 |
KBU | KABUNI LTD | 0.042fall | 0.051 | 0.051 |
SMA | SMARTTRANS HOLDINGS | 0.021fall | 0.024 | 0.027 |
HPR | HIGH PEAK ROYALTIES | 0.052fall | 0.058 | 0.058 |
BBG | BILLABONG | 1.125fall | 1.220 | 1.245 |
CCV | CASH CONVERTERS | 0.320fall | 0.345 | 0.345 |
BKL | BLACKMORES LIMITED | 112.530fall | 119.600 | 123.100 |
TMP | TECH MPIRE LIMITED | 0.280fall | 0.290 | 0.300 |
XTE | XTEK LIMITED. | 0.295fall | 0.305 | 0.320 |
CYG | COVENTRY GROUP | 0.960fall | 0.990 | 1.040 |
Updated: September 6, 2016 - 12:36PM |
Company | Security Code | Float date | Issue $ |
---|---|---|---|
Aurora Labs Limited | AD3 | 0.20 | |
Broo Ltd | BEE | 12/09/2016 | 0.20 |
CFOAM Limited | CFO | 29/07/2016 | 0.20 |
DomaCom Limited | DCL | 18/08/2016 | 0.75 |
Faster Enterprises Ltd | FE8 | 18/08/2016 | 0.20 |
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