Markets Live: Blue chips dumped
![Shares are set for a cautious start.](/web/20161204150528im_/http://www.smh.com.au/content/dam/images/g/t/0/f/g/8/image.related.landscape.120x80.gt2bje.png/1480657020252.jpg)
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.
RBA chief Philip Lowe is likely to take his predecessor's lead and "chill out" at the last board meeting of the year.
A rotation out of highly-priced growth stocks back into steadier blue chips looks set to continue but not all are expected to benefit.
Wall Street had a muted final day of the week as the latest American jobs data reinforced the view of gradual US rate hikes.
​Oil prices rallied for their best week in at least five years on Friday, steadying above $US51 a barrel.
Sterling's value against a basket of currencies rose 5 per cent in November, its biggest monthly rise since January 2009.
Treasury yields eased as traders renewed buying US government bonds on the heels of their worst month in nearly eight years.
US employers added 178,000 jobs in November, and the nation's jobless rate fell to 4.6 per cent.
Share falls are led by a plunge in Bellamy's following a soft sales report, as energy stocks give up some of yesterday's blockbuster gains and bond yields hit new 2016 highs.
Australia's one-time darling dairy stocks were dumped by investors on Friday after Bellamy's Australia warned recent import rule changes in China had crimped sales of its organic infant formula amid discounting by rivals.
A broad sell-off pushed shares lower on Friday, with the reversal of the mining rally and profit taking dragging the ASX to a weekly loss.
Investors are misguided in betting that the President-elect's promised tax cuts, infrastructure spending and deregulation will spur faster growth, warns the billionaire bond investor.
The 30-year-old bull market in bonds looks to be ending with a bang.
The Australian dollar has fallen more than 1 per cent, through the US74¢ mark, amid a fresh surge in the greenback.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7465 | 0.746 | 0.0048rise | 0.64% rise |
AUD/EUR | 0.6997 | 0.6989 | 0.0001rise | 0.01% rise |
Updated: December 3, 2016 - 9:00AM |
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 |
CR8 | CRE8TEK LIMITED | 0.080rise | 0.056 | 0.060 |
IIL | INNATE IMMUNO | 0.930rise | 0.710 | 0.780 |
TPC | TPC CONSOLIDATED LTD | 1.350rise | 1.050 | 1.200 |
MDC | MEDLAB CLINICAL LTD | 0.890rise | 0.775 | 0.885 |
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 |
CSR | CSR LIMITED | 4.410rise | 4.070 | 4.180 |
HML | HENRY MORGAN LIMITED | 1.350rise | 1.250 | 1.250 |
Updated: December 2, 2016 - 6:50PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
SAN | SAGALIO ENERGY LTD | 0.007fall | 0.090 | 0.090 |
TPD | TALON PETROLEUM LTD | 0.003fall | 0.010 | 0.010 |
PEC | PERPETUAL RES LTD | 0.010fall | 0.030 | 0.030 |
MLX | METALS X LIMITED | 0.570fall | 1.320 | 0.630 |
PGY | PILOT ENERGY LTD | 0.001fall | 0.002 | 0.001 |
SEG | SEGUE RESOURCES | 0.001fall | 0.002 | 0.002 |
CHP | CHAPMANS LIMITED | 0.001fall | 0.002 | 0.001 |
RTG | RTG MINING INC. | 0.180fall | 0.305 | 0.260 |
PDN | PALADIN ENERGY LTD | 0.059fall | 0.095 | 0.083 |
ABL | ABILENE OIL & GAS | 0.007fall | 0.011 | 0.007 |
Updated: December 2, 2016 - 4:15PM |
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 $ |
---|---|---|---|
Automotive Solutions Group Ltd | 4WD | 16/12/2016 | 1.00 |
Ardea Resources Ltd | ARL | 09/01/2017 | 0.20 |
Axsesstoday Ltd | AXL | 21/12/2016 | 1.00 |
Blockchain Global Ltd | BCG | 0.20 | |
Blackstone Minerals Ltd | BSX | 20/12/2016 | 0.20 |
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