Markets Live: Bears savage gold stocks
![Gold stocks have tumbled into a bear market.](/web/20161007124102im_/http://www.theage.com.au/content/dam/images/g/k/u/6/f/b/image.related.landscape.120x80.grwvzu.png/1475819347865.jpg)
Shares drop, with gains in energy stocks offset by more losses in gold miners, while caution reigns ahead of key US jobs data.
Shares drop, with gains in energy stocks offset by more losses in gold miners, while caution reigns ahead of key US jobs data.
The ASX managed to close higher for the week as energy stock rose on the back of a buoyant oil price.
Currency traders are puzzling about a 'flash crash' in the pound that shook up forex markets as the prospect of a 'hard Brexit' rears its head again.
Resurgent prices rather than volumes has prompted a key government forecaster to hike its view of Australia's resources and energy exports in the year ahead
Twitter shares fell 19 per cent on a report that neither Google or Walt Disney is interested in bidding for the company.
The ECB intends to push on with its policy of negative interest rates and massive bond buying.
The local sharemarket is poised to open slightly higher on Friday on the back of a soft lead from Wall Street.
Oil climbed above $50 a barrel in New York for the first time since June, catching up to Brent.
Shares drop, with gains in energy stocks offset by more losses in gold miners, while caution reigns ahead of key US jobs data.
IMF boss Christine Lagarde said the sooner Deutsche Bank settles with the US the better.
Photo-sharing app Snapchat's parent could take the company public as early as late March.
Goldman Sachs downgraded Tesla Motors, ditching a buy rating it placed on the stock in May.
Buoyant energy stocks gave the market its lift on Thursday, though it was held back by losses in Telstra and the property sector.
The greenback advanced for a seventh day against Japan's currency on bets for higher US rates.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7581 | 0.758 | -0.0002fall | -0.03% fall |
AUD/EUR | 0.6807 | 0.6799 | 0.0001rise | 0.01% rise |
Updated: October 7, 2016 - 11:06PM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 4,726,572,281 | 2,041,159,414 | 1,030,461 |
Industrial | 3,662,448,135 | 767,375,271 | 829,803 |
Mining | 1,014,901,838 | 1,273,509,236 | 197,457 |
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.
Markets are in a well-oiled "death spiral," analysts at Citigroup say.
Code | Name | New Highs | Last Week | Last Month |
---|---|---|---|---|
INL | INTEC LTD | 0.027rise | 0.006 | 0.009 |
CXO | CORE EXPLORATION LTD | 0.150rise | 0.105 | 0.105 |
AJL | AJ LUCAS GROUP | 0.600rise | 0.430 | 0.430 |
CZN | CORAZON LTD | 0.018rise | 0.013 | 0.014 |
BRL | BATHURST RES LTD. | 0.046rise | 0.035 | 0.037 |
BKN | BRADKEN LIMITED | 3.240rise | 2.480 | 2.530 |
BOE | BOSS RESOURCES LTD | 0.074rise | 0.057 | 0.058 |
IDZ | INDOOR SKYDIVE AUST | 0.520rise | 0.410 | 0.415 |
TAW | TAWANA RESOURCES NL | 0.170rise | 0.140 | 0.140 |
WCP | WCP RESOURCES LTD | 0.090rise | 0.075 | 0.075 |
Updated: October 7, 2016 - 6:50PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
OGX | ORINOCO GOLD LTD | 0.115fall | 0.160 | 0.155 |
ERJ | ENERJI LTD | 0.008fall | 0.009 | 0.009 |
ADR | ADHERIUM LTD | 0.320fall | 0.350 | 0.340 |
CTO | CITIGOLD CORP LTD | 0.011fall | 0.012 | 0.012 |
INM | IRON MOUNTAIN INCORP | 44.310fall | 48.280 | 47.080 |
LVT | LIVETILES LIMITED | 0.150fall | 0.160 | 0.160 |
WBT | WEEBIT NANO LTD | 0.027fall | 0.028 | 0.028 |
POU | BETASHARES POUND ETF | 16.170fall | 16.760 | 16.760 |
RBL | REDBUBBLE LIMITED | 0.900fall | 0.920 | 0.920 |
VVR | VIVA ENERGY REIT | 2.310fall | 2.350 | 2.320 |
Updated: October 7, 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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