Markets Live: Relief rally rolls on
ASX set for another strong start as investors return to sharemarkets.
ASX set for another strong start as investors return to sharemarkets.
The local sharemarket looks set to open higher as global stocks continue to rally after the Bank of Japan and the US Federal Reserve left interest rates on hold.
Morgan Stanley said the greenback likely will extend its slide for about two more months.
Oil climbed to a two-week high after rival OPEC members Saudi Arabia and Iran met in Vienna again.
China removed a ban on some US beef products, opening up the trade for the first time since 2003.
The Fed's inaction has again revived gold bulls, and industrial metals are getting a ride as well.
The September roadblocks for the ASX are behind it, but strategists warn a strong rally is unlikely to follow.
The ASX soared after the Fed decision to keep rates on hold pushed commodity stocks including gold to their best day since Brexit.
ASX set for another strong start as investors return to sharemarkets.
A mixture of higher volumes and better margins is working well for materials maker.
The Aussie has rocketed higher following three key central bank meetings, but traders are already looking to new risk events.
To the biggest bull on Wall Street, the Fed's decision is one more reason to invest in US equities.
New Zealand's central bank kept interest rates unchanged but said it expects to cut them again to return inflation to target.
Morgan Stanley said the greenback likely will extend its slide for about two more months.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.765 | 0.7646 | 0.0004rise | 0.05% rise |
AUD/EUR | 0.6826 | 0.6821 | 0.0003rise | 0.04% rise |
Updated: September 23, 2016 - 9:15AM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 4,524,628,509 | 2,132,689,345 | 1,001,535 |
Industrial | 3,279,769,560 | 731,858,235 | 796,682 |
Mining | 1,183,602,515 | 1,400,260,947 | 199,170 |
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 |
---|---|---|---|---|
FBR | FASTBRICK ROBOTICS | 0.150rise | 0.100 | 0.057 |
BRB | BREAKER RES NL | 0.630rise | 0.430 | 0.320 |
KDR | KIDMAN RESOURCES LTD | 0.710rise | 0.495 | 0.350 |
CYP | CYNATA THERAPEUTICS | 0.750rise | 0.545 | 0.410 |
POH | PHOSPHAGENICS LTD. | 0.034rise | 0.025 | 0.024 |
NSL | NSL CONSOLIDATED LTD | 0.033rise | 0.025 | 0.023 |
BGS | BIRIMIAN LIMITED | 0.485rise | 0.390 | 0.345 |
SNZ | SUMMERSET GRP HLDGS | 5.220rise | 4.199 | 4.220 |
ACB | A-CAP RESOURCES | 0.105rise | 0.087 | 0.041 |
DGR | DGR GLOBAL LTD | 0.047rise | 0.040 | 0.040 |
Updated: September 22, 2016 - 5:30PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
GWR | GWR GROUP LTD | 0.015fall | 0.036 | 0.037 |
AWY | AUST WHISKY HOLDINGS | 0.001fall | 0.002 | 0.001 |
BCK | BROCKMAN MINING LTD | 0.013fall | 0.018 | 0.016 |
NWZ | NEWZULU LIMITED | 0.006fall | 0.008 | 0.007 |
VMX | VALMEC LIMITED | 0.100fall | 0.130 | 0.130 |
WRR | WORLD REACH LTD | 0.135fall | 0.170 | 0.180 |
SUR | SUN RESOURCES NL | 0.008fall | 0.010 | 0.010 |
ETE | ENTEK ENERGY LTD | 0.005fall | 0.006 | 0.006 |
GFY | GODFREYS GRP LTD | 0.750fall | 0.825 | 0.860 |
CWE | CARNEGIE WAVE ENERGY | 0.024fall | 0.026 | 0.028 |
Updated: September 22, 2016 - 6:50PM |
Company | Security Code | Float date | Issue $ |
---|---|---|---|
Antipodes Global Investment Company Limited | APL | 14/10/2016 | 1.10 |
Broo Ltd | BEE | 12/09/2016 | 0.20 |
CFOAM Limited | CFO | 29/07/2016 | 0.20 |
Creso Pharma Limited | CPH | 12/10/2016 | 0.20 |
Davenport Resources Limited | DAV | 27/10/2016 | 0.20 |
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