Markets Live: Strong GDP sinks ASX rally
Investors have taken strong economic data as a cue to sell shares.
Investors have taken strong economic data as a cue to sell shares.
Selling the krona to buy the Aussie dollar has been a winning strategy over the past three months.
Little by little, the corporate cushion is shrinking.
Bond traders are showing their doubts about the possibility of a rate hike by the Fed this month.
The local sharemarket is poised to open lower ahead of the latest GDP data while the Australian dollar surged overnight as the greenback weakened.
The greenback fell after data showed the US service sector grew at its slowest pace since early 2010
Brent fell almost 1 per cent as hopes waned for a pact between two of the biggest oil producers.
Price target warnings and historically low volatility are doing nothing to dissuade hedge funds.
Investors have taken strong economic data as a cue to sell shares.
The ASX was driven lower by the Reserve Bank of Australia decision to hold rates while opting not to hint at further easing.
Oil rose after Russia and Saudi Arabia said they agreed to cooperate on stabilising the market.
The RBA has kept its cash rate on hold at an all-time low in the final board meeting presided over by governor Glenn Stevens before he bows out after a decade that has seen the cash rate drop from 6 per cent to 1.5 per cent.
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.
Selling the krona to buy the Aussie dollar has been a winning strategy over the past three months.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7675 | 0.7673 | -0.0013fall | -0.17% fall |
AUD/EUR | 0.6822 | 0.6818 | -0.0009fall | -0.13% fall |
Updated: September 7, 2016 - 2:43PM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 3,775,260,100 | 1,681,277,879 | 918,579 |
Industrial | 2,899,965,291 | 604,396,218 | 742,601 |
Mining | 864,186,689 | 1,076,588,988 | 172,970 |
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 | 0.240rise | 0.125 | 0.150 |
NCR | NUCOAL RESOURCES LTD | 0.007rise | 0.004 | 0.004 |
EXO | ENNOX GROUP LTD | 0.007rise | 0.004 | 0.004 |
CTM | CENTAURUS METALS LTD | 0.024rise | 0.017 | 0.017 |
TTW | TOPTUNG LTD | 0.038rise | 0.030 | 0.034 |
LVH | LIVEHIRE LIMITED | 0.245rise | 0.200 | 0.210 |
DSB | DELTA SBD LIMITED | 0.220rise | 0.180 | 0.170 |
PAR | PARADIGM BIO. | 0.530rise | 0.450 | 0.440 |
NBL | NONI B LIMITED | 1.610rise | 1.370 | 1.420 |
IIL | INNATE IMMUNO | 0.545rise | 0.465 | 0.420 |
Updated: September 7, 2016 - 3:13PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
KBU | KABUNI LTD | 0.037fall | 0.051 | 0.051 |
ERJ | ENERJI LTD | 0.009fall | 0.012 | 0.013 |
THX | THUNDELARRA LTD | 0.038fall | 0.045 | 0.047 |
TMP | TECH MPIRE LIMITED | 0.245fall | 0.290 | 0.300 |
CCV | CASH CONVERTERS | 0.295fall | 0.345 | 0.345 |
FZR | FITZROY RIVER CORP | 0.160fall | 0.185 | 0.185 |
AHL | AHALIFE HOLDINGS LTD | 0.100fall | 0.115 | 0.120 |
ADR | ADHERIUM LTD | 0.400fall | 0.440 | 0.430 |
FTZ | FERTOZ LTD | 0.120fall | 0.130 | 0.130 |
GDY | GEODYNAMICS LIMITED | 0.013fall | 0.014 | 0.015 |
Updated: September 7, 2016 - 3:12PM |
Code | Time | Announcement |
---|---|---|
THX | 02:52PM | Potential VHMS Setting Reinforced at Impaler |
ISD | 02:40PM | Isentia Notification of 2016 Annual General Meeting Date |
AQQ | 02:39PM | Response to ASX Query - Appendix 3Y |
HBS | 02:37PM | Interim Appointment of Chief Financial Officer |
8IH | 02:28PM | Announcement of Buy-back & Appendix 3C |
WSG | 02:27PM | Positive Commentary Analysis Now Available |
CTW | 02:19PM | Citifirst PTM Instalment MINI Dividend Announcement UPDATE |
MOD | 02:19PM | Africa Downunder Presentation |
WIC | 02:19PM | Weekly NTA Update |
DCC | 02:18PM | Becoming a substantial holder |
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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