Markets Live: Economy in reverse gear
![Retreating oil prices and selling in global miners may tarnish an expected rise in shares at the open.](/web/20161207121619im_/http://www.smh.com.au/content/dam/images/g/t/0/f/e/s/image.related.landscape.120x80.gt5j23.png/1481089180701.jpg)
News that the economy shrunk well beyond the gloomiest predictions dented the dollar but spurred the ASX higher.
News that the economy shrunk well beyond the gloomiest predictions dented the dollar but spurred the ASX higher.
A surprisingly large slump in economic growth didn't spill over into the sharemarket, with miners leading the day's rally.
The benchmark ASX is forecast to reach 6000 points by the end of 2017 as profits rise for the time in three years, says Credit Suisse.
Companies see Donald Trump as both the biggest upside and downside risk to global growth in 2017.
The local stock market looks set to rise at the open, with futures pointing to a 31 point gain on the ASX200. The commodities sector looks supported, with iron ore futures up 3.22 per cent.
The CEO's of the two biggest US banks say trading revenue is up 15 per cent in the latest quarter.
All around the world, investors are asking: is this it?
Bill Gross predicted an end to the post-election stock rally, pointing to Donald Trump's anti-globalisation policies.
News that the economy shrunk well beyond the gloomiest predictions dented the dollar but spurred the ASX higher.
Brace for the first quarter of negative economic growth in five years, and only the fourth in Australia's enviable run of 100 quarters without a recession.
Mario Draghi must clear some roadblocks to avoid a repeat of the market carnage his press conference sparked a year ago.
The euro held slightly below three week highs against the US dollar in pre-ECB meeting positioning.
Oil retreated from a 16-month high after OPEC pumped a record amount of crude in November.
The euro held slightly below three week highs against the US dollar in pre-ECB meeting positioning.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.745 | 0.7444 | -0.0016fall | -0.21% fall |
AUD/EUR | 0.6948 | 0.6942 | -0.0016fall | -0.23% fall |
Updated: December 7, 2016 - 10:45PM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 4,906,166,985 | 2,325,872,246 | 1,115,542 |
Industrial | 3,890,361,545 | 779,761,357 | 911,564 |
Mining | 991,778,139 | 1,545,768,547 | 199,912 |
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 |
---|---|---|---|---|
DTR | DATELINE RESOURCES | 0.021rise | 0.015 | 0.016 |
ZLD | ZELDA THERAPEUTICS | 0.050rise | 0.036 | 0.036 |
SRZ | STELLAR RESOURCES | 0.054rise | 0.042 | 0.046 |
OMH | OM HOLDINGS LIMITED | 0.175rise | 0.140 | 0.165 |
TND | TOP END MINERALS LTD | 0.065rise | 0.054 | 0.049 |
MTA | METALS OF AFRICA LTD | 0.135rise | 0.115 | 0.115 |
DVL | DORSAVI LTD | 0.590rise | 0.510 | 0.510 |
CZN | CORAZON LTD | 0.030rise | 0.026 | 0.027 |
LSX | LION SELECTION GRP | 0.380rise | 0.350 | 0.350 |
IRI | INTEGRATED RESEARCH | 2.650rise | 2.490 | 2.430 |
Updated: December 7, 2016 - 6:50PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
GPS | GPS ALLIANCE LTD | 0.017fall | 0.085 | 0.085 |
GES | GENESIS RESOURCES | 0.014fall | 0.025 | 0.025 |
TSV | TRANSERV ENERGY LTD | 0.008fall | 0.014 | 0.014 |
MNW | MINT PAYMENTS LTD | 0.059fall | 0.070 | 0.065 |
DCL | DOMACOM LIMITED | 0.230fall | 0.270 | 0.240 |
MYQ | MYFIZIQ LIMITED | 0.036fall | 0.040 | 0.040 |
PPH | PUSHPAY HOLDINGS LTD | 1.390fall | 1.510 | 1.500 |
RFN | REFFIND LIMITED | 0.035fall | 0.038 | 0.036 |
GGL | THE GRUDEN GRP | 0.026fall | 0.028 | 0.027 |
TFL | TASFOODS LTD | 0.205fall | 0.220 | 0.220 |
Updated: December 7, 2016 - 6:50PM |
Code | Time | Announcement |
---|---|---|
ZOR | 08:31PM | End of Day |
MTA | 08:30PM | Change of Director's Interest Notice |
MTA | 08:30PM | Expiry of Unlisted Options |
DYL | 08:26PM | Change in Directors Interests |
CLY | 08:25PM | Secondary Trading Notice |
RER | 08:06PM | Board Changes |
WKT | 08:04PM | Appendix 3B |
ACU | 08:01PM | Plus Connect Takeover - 25% voting power exceeded |
IGS | 08:00PM | Corporate Update |
S32 | 07:49PM | Change of Director's Interest Notice - G Kerr |
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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