Markets Live: BHP slump weighs on ASX
![It's an uncertain period for investors.](/web/20161013143102im_/http://www.smh.com.au/content/dam/images/1/0/0/w/n/1/image.related.landscape.120x80.gs13xl.png/1476337343033.jpg)
Shares extend early losses as investors continue to sell resources names.
Shares extend early losses as investors continue to sell resources names.
Citi and UBS downgraded the big miners, but analysts still see reasons to hold onto the stocks.
The ASX closed in the red after a downgrade to BHP and Rio extended a sell-off in mining stocks.
Back in 2013 fears of rising rates initially hurt shares but then they rebounded. UBS says that might be the template for today.
Australia's debut 30-year bond sale broke a slew of records this week, being the largest in size at $7.6 billion and attracting the most foreign buyers ever.
The US dollar reached the highest level since March in anticipation of an interest rate hike.
As it seeks to steady itself, Wells Fargo could pay more interest to its mom and dad savers.
Wells Fargo & Co faces a steep challenge in overhauling its hard-charging sales culture.
Shares extend early losses as investors continue to sell resources names.
The drop in iron ore overnight alongside oil does not bode well for the commodity-related stocks in the market.
Deutsche Bank will pay $US9.5m to settle allegations it was publicly saying 'buy' when it was privately saying 'sell'.
Reaching a consensus on what to do with its asset purchase plan is likely to require more time.
​Several voting US Fed policymakers judged a rate hike would be warranted "relatively soon".
The US dollar reached the highest level since March in anticipation of an interest rate hike.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7548 | 0.7545 | -0.0015fall | -0.20% fall |
AUD/EUR | 0.6841 | 0.6834 | -0.0031fall | -0.45% fall |
Updated: October 14, 2016 - 12:58AM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 4,572,142,928 | 1,965,080,926 | 996,124 |
Industrial | 3,596,545,716 | 927,080,643 | 804,696 |
Mining | 960,706,597 | 1,037,696,777 | 187,122 |
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 |
---|---|---|---|---|
GPP | GREENPOWER ENRGY LTD | 0.008rise | 0.005 | 0.006 |
TIG | TIGERS REALM COAL | 0.080rise | 0.064 | 0.080 |
HIL | HILLS LTD | 0.660rise | 0.545 | 0.550 |
NSX | NSX LIMITED | 0.270rise | 0.230 | 0.230 |
RXP | RXP SERVICES LTD | 0.920rise | 0.820 | 0.870 |
SMR | STANMORE COAL LTD | 0.725rise | 0.650 | 0.635 |
SHM | SHRIRO HOLDINGS LTD | 1.340rise | 1.220 | 1.305 |
VHT | VOLPARA HEALTH TECH | 0.635rise | 0.590 | 0.590 |
DSB | DELTA SBD LIMITED | 0.240rise | 0.230 | 0.240 |
EQX | EQUATORIAL RES LTD | 0.390rise | 0.380 | 0.380 |
Updated: October 13, 2016 - 4:14PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
ADD | ADAVALE RESOURCE LTD | 0.011fall | 0.015 | 0.015 |
SUR | SUN RESOURCES NL | 0.008fall | 0.010 | 0.008 |
ACU | ACTIVISTIC LTD | 0.019fall | 0.022 | 0.020 |
IVO | INVIGOR GROUP LTD | 0.019fall | 0.021 | 0.019 |
EXG | EXCELSIOR GOLD LTD | 0.040fall | 0.044 | 0.041 |
GTG | GENETIC TECHNOLOGIES | 0.014fall | 0.015 | 0.015 |
DDT | DATADOT TECHNOLOGY | 0.015fall | 0.016 | 0.016 |
QIP | QANTM INTELLECTUAL | 2.300fall | 2.370 | 2.300 |
IDT | IDT AUSTRALIA LTD | 0.200fall | 0.205 | 0.200 |
JHL | JAYEX HEALTHCARE LTD | 0.054fall | 0.055 | 0.076 |
Updated: October 13, 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 |
Duxton Water Limited | D2O | 16/09/2016 | 1.10 |
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