Markets Live: Investors bet on Hillary
![Traders are in for a volatile election day.](/web/20161108224912im_/http://www.smh.com.au/content/dam/images/g/n/i/w/5/h/image.related.landscape.120x80.gsl0of.png/1478644853572.jpg)
Investors are betting on a Clinton victory, but it's still likely to be a bumpy ride today, while the Aussie surges.
Investors are betting on a Clinton victory, but it's still likely to be a bumpy ride today, while the Aussie surges.
Global miner Rio Tinto has suspended two senior executives following the discovery of large payments to a consultant who worked on the Simandou iron ore project in Guinea.
The Mexican peso is surging. Wall Street is moving higher. These are all signs of increased confidence among market participants that Hillary Clinton will win. But some are hedging their bets.
The Australian dollar hurled itself higher this morning as investors positioned themselves for a Clinton win.
US stocks advanced as investors awaited election results amid a tight contest for president.
The ASX should rise modestly at the open, as markets, betting on a Hillary victory, follow a positive lead from Wall Street.
A "Clinton-in-the-clear" rally overseas failed to spur a second strong session on the ASX, which closed with only marginal gains.
The events of the past 10 days - which have seen stocks, currencies, and commodities fluctuate in response to changes in the US presidential race - drive this message home: elections can matter for financial markets, even if in some cases the effects are only temporary.
Investors are betting on a Clinton victory, but it's still likely to be a bumpy ride today, while the Aussie surges.
China's commodity futures markets are again surging, but this time the frenzy is not purely speculative.
After spending $2 billion on big new projects in Australia and the US, investors in fertilizerย to explosives group Incitec Pivot may have to wait a little longer toย benefit, with the focus for now on reducing debt. At the same time, the group is cool towards the uptick being seen in commodity prices,ย
An overnight rally in the dollar took the currency close to a three-month high but faded during the local session.
Shares in takeover target UGL continued to hold out of reach of the bidder for the company, the Spanish-controlled CIMIC, despite the board's capitulation Monday, when it told shareholders they should accept the offer.
The Australian dollar hurled itself higher this morning as investors positioned themselves for a Clinton win.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7758 | 0.7757 | -0.0004fall | -0.05% fall |
AUD/EUR | 0.7045 | 0.7042 | 0.0004rise | 0.06% rise |
Updated: November 9, 2016 - 9:16AM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 4,849,050,341 | 2,220,454,689 | 1,055,362 |
Industrial | 3,700,779,097 | 806,605,878 | 859,568 |
Mining | 1,125,439,232 | 1,413,558,365 | 191,397 |
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 companyย just released its first quarterly earnings report since listing on the Nasdaq late last year.ย
Markets are in a well-oiled "death spiral," analysts at Citigroup say.
Code | Name | New Highs | Last Week | Last Month |
---|---|---|---|---|
ARV | ARTEMIS RESOURCES | 0.003rise | 0.002 | 0.001 |
CVS | CERVANTES CORP LTD | 0.012rise | 0.008 | 0.011 |
VII | VIETNAM INDUSTRIAL | 0.420rise | 0.290 | 0.260 |
FTT | FACTOR THERAPTCS LTD | 0.073rise | 0.066 | 0.073 |
GNX | GENEX POWER LTD | 0.265rise | 0.240 | 0.250 |
OZL | OZ MINERALS | 7.790rise | 7.080 | 6.710 |
GPP | GREENPOWER ENRGY LTD | 0.037rise | 0.034 | 0.024 |
WHC | WHITEHAVEN COAL | 3.350rise | 3.105 | 3.250 |
NSL | NSL CONSOLIDATED LTD | 0.045rise | 0.042 | 0.041 |
KAR | KAROON GAS AUSTRALIA | 2.540rise | 2.380 | 2.490 |
Updated: November 8, 2016 - 6:50PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
BML | BOTSWANA METALS LTD | 0.001fall | 0.002 | 0.002 |
NWZ | NEWZULU LIMITED | 0.004fall | 0.006 | 0.005 |
VMG | VDM GROUP LIMITED | 0.002fall | 0.003 | 0.002 |
NZM | NZME LIMITED | 0.460fall | 0.605 | 0.615 |
PAA | PHARMAUST LIMITED | 0.054fall | 0.070 | 0.070 |
REY | REY RESOURCES LTD | 0.012fall | 0.015 | 0.012 |
TZL | TZ LIMITED | 0.050fall | 0.060 | 0.061 |
WBT | WEEBIT NANO LTD | 0.021fall | 0.024 | 0.024 |
PRL | PETREL ENERGY LTD | 0.009fall | 0.010 | 0.010 |
MNM | MANTLE MINING CORP. | 0.009fall | 0.010 | 0.010 |
Updated: November 8, 2016 - 5:30PM |
Code | Time | Announcement |
---|---|---|
DEG | 09:26AM | Investor Presentation - Advanced Gold in the Pilbara |
AUF | 09:25AM | Daily share buy-back notice - Appendix 3E |
MTH | 09:24AM | AGM 2016 Presentation by Managing Director |
XPE | 09:22AM | Suspension from Official Quotation |
PVA | 09:22AM | Disclosure Document |
AQF | 09:22AM | Daily share buy-back notice - Appendix 3E |
HMX | 09:22AM | Mt Isa Exploration Update |
ORN | 09:22AM | Strongly Supported Capital Raising to Progress Key Projects |
FOD | 09:17AM | Deals with ALDI, Coles Express, key distributors |
NTM | 09:16AM | Director Appointment/Resignation |
Company | Security Code | Float date | Issue $ |
---|---|---|---|
Autosports Group Limited | ASG | 16/11/2016 | 2.40 |
Blockchain Global Limited | BCG | 0.20 | |
Bravura Solutions Limited | BVS | 16/11/2016 | 1.45 |
Davenport Resources Limited | DAV | 27/10/2016 | 0.75 |
Dragontail Systems Limited | DTS | 10/11/2016 | 0.20 |
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