Markets Live: Blue chips dumped
Share falls are led by a plunge in Bellamy's following a soft sales report, as energy stocks give up some of yesterday's blockbuster gains and bond yields hit new 2016 highs.
Share falls are led by a plunge in Bellamy's following a soft sales report, as energy stocks give up some of yesterday's blockbuster gains and bond yields hit new 2016 highs.
Australia's one-time darling dairy stocks were dumped by investors on Friday after Bellamy's Australia warned recent import rule changes in China had crimped sales of its organic infant formula amid discounting by rivals.
A broad sell-off pushed shares lower on Friday, with the reversal of the mining rally and profit taking dragging the ASX to a weekly loss.
Investors are misguided in betting that the President-elect's promised tax cuts, infrastructure spending and deregulation will spur faster growth, warns the billionaire bond investor.
The 30-year-old bull market in bonds looks to be ending with a bang.
​The ECB will consider sending a formal signal, as early as next week, that it will eventually end its bond purchases.
The local sharemarket is set to open slightly down after a strong finish above 5500 on Thursday.
OPEC hopes to pare global stockpiles back to a normal level, paving the way for prices to rise to more than $US60 a barrel.
Share falls are led by a plunge in Bellamy's following a soft sales report, as energy stocks give up some of yesterday's blockbuster gains and bond yields hit new 2016 highs.
Bank of Mexico governor Agustin Carstens is resigning his post next year to run the Bank for International Settlements.
Brent oil climbed to the highest level this year after OPEC approved its first supply cuts in eight years.
Time could be running out for US equities, according to Bank of America's contrarian sell side indicator.
Another wild swing, this time a 8.7pc surge that snapped two losing days, has iron ore approaching the $US80 a tonne mark.
The Australian dollar has fallen more than 1 per cent, through the US74¢ mark, amid a fresh surge in the greenback.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7423 | 0.7418 | 0.0004rise | 0.05% rise |
AUD/EUR | 0.6971 | 0.6964 | 0.0013rise | 0.19% rise |
Updated: December 3, 2016 - 12:29AM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 5,338,530,744 | 2,214,782,703 | 1,091,869 |
Industrial | 4,000,831,079 | 853,598,444 | 874,645 |
Mining | 1,322,866,579 | 1,360,899,850 | 213,693 |
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 |
---|---|---|---|---|
RCP | REDBANK COPPER LTD | 0.003rise | 0.002 | 0.002 |
BBL | BRISBANE BRONCOS | 0.435rise | 0.390 | 0.420 |
RMG | RMG LIMITED | 0.020rise | 0.018 | 0.020 |
IRI | INTEGRATED RESEARCH | 2.490rise | 2.250 | 2.430 |
HML | HENRY MORGAN LIMITED | 1.350rise | 1.250 | 1.250 |
TMZ | THOMSON RES LTD | 0.075rise | 0.070 | 0.075 |
EBG | EUMUNDI GROUP LTD | 0.910rise | 0.850 | 0.910 |
NAC | NAOS ABSOLUTE OPP | 1.200rise | 1.170 | 1.200 |
DGO | DGO GOLD LIMITED | 0.335rise | 0.330 | 0.330 |
MEQ | METLIFECARE LTD | 0.000rise | 0.000 | 0.000 |
Updated: December 2, 2016 - 4:10PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
SAN | SAGALIO ENERGY LTD | 0.007fall | 0.090 | 0.090 |
SEG | SEGUE RESOURCES | 0.001fall | 0.002 | 0.002 |
CHP | CHAPMANS LIMITED | 0.001fall | 0.002 | 0.001 |
PGY | PILOT ENERGY LTD | 0.001fall | 0.002 | 0.001 |
CA8 | COASSETS LTD. | 0.100fall | 0.170 | 0.100 |
ABL | ABILENE OIL & GAS | 0.007fall | 0.011 | 0.007 |
NWE | NORWEST ENERGY NL | 0.002fall | 0.003 | 0.002 |
PCH | PROPERTY CONNECT | 0.005fall | 0.006 | 0.005 |
CAS | CRUSADER RESOURCES | 0.100fall | 0.115 | 0.100 |
IVO | INVIGOR GROUP LTD | 0.016fall | 0.018 | 0.017 |
Updated: December 2, 2016 - 6:50PM |
Code | Time | Announcement |
---|---|---|
ZOR | 02 Dec 16 | End of Day |
DTX | 02 Dec 16 | Final Director's Interest Notice |
GEG | 02 Dec 16 | Appendix 3B |
AHN | 02 Dec 16 | Formal Sale Option Agreement for Sale of Byro Project Signed |
DTX | 02 Dec 16 | Resignation of Director |
GEG | 02 Dec 16 | Change of Director's Interest Notice |
AGG | 02 Dec 16 | Director Appointment/Resignation |
TSM | 02 Dec 16 | Suspension from Official Quotation |
MCH | 02 Dec 16 | Results of Meeting |
TEG | 02 Dec 16 | Amended Timetable for Consolidation of Shares |
Company | Security Code | Float date | Issue $ |
---|---|---|---|
Autosports Group Limited | ASG | 16/11/2016 | 2.40 |
Apollo Tourism and Leisure Ltd | ATL | 04/11/2016 | 1.00 |
Blockchain Global Limited | BCG | 0.20 | |
Bravura Solutions Limited | BVS | 16/11/2016 | 1.45 |
Charter Hall Long WALE REIT | CLW | 08/11/2016 | 4.00 |
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