Markets Live: Economy in reverse gear
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.
Iron ore surged higher amid signs of a strengthening Chinese economy and concerns over tightening supply.
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?
News that the economy shrunk well beyond the gloomiest predictions dented the dollar but spurred the ASX higher.
Bill Gross predicted an end to the post-election stock rally, pointing to Donald Trump's anti-globalisation policies.
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.
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 | 0.7478 | 0.7476 | 0.0016rise | 0.21% rise |
AUD/EUR | 0.6948 | 0.6944 | -0.0014fall | -0.20% fall |
Updated: December 8, 2016 - 3:07AM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 4,906,166,985 | 2,325,872,246 | 1,115,438 |
Industrial | 3,890,361,545 | 779,761,357 | 911,493 |
Mining | 991,778,139 | 1,545,768,547 | 199,879 |
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 |
---|---|---|---|---|
ARV | ARTEMIS RESOURCES | 0.003rise | 0.002 | 0.003 |
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 |
MSR | MANAS RES LTD | 0.005rise | 0.004 | 0.005 |
TND | TOP END MINERALS LTD | 0.065rise | 0.054 | 0.049 |
NGY | NUENERGY GAS LTD | 0.053rise | 0.045 | 0.048 |
MTA | METALS OF AFRICA LTD | 0.135rise | 0.115 | 0.115 |
DVL | DORSAVI LTD | 0.590rise | 0.510 | 0.510 |
Updated: December 7, 2016 - 4:16PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
GPS | GPS ALLIANCE LTD | 0.017fall | 0.085 | 0.085 |
WRG | WATER RES GRP LTD | 0.001fall | 0.002 | 0.001 |
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 |
WCN | WHITE CLIFF MIN LTD | 0.006fall | 0.007 | 0.007 |
PWN | POTASH WEST NL | 0.022fall | 0.025 | 0.022 |
MYQ | MYFIZIQ LIMITED | 0.036fall | 0.040 | 0.040 |
PPH | PUSHPAY HOLDINGS LTD | 1.390fall | 1.510 | 1.500 |
Updated: December 7, 2016 - 6:50PM |
Code | Time | Announcement |
---|---|---|
ZOR | 07 Dec 16 | End of Day |
MTA | 07 Dec 16 | Change of Director's Interest Notice |
MTA | 07 Dec 16 | Expiry of Unlisted Options |
DYL | 07 Dec 16 | Change in Directors Interests |
CLY | 07 Dec 16 | Secondary Trading Notice |
RER | 07 Dec 16 | Board Changes |
WKT | 07 Dec 16 | Appendix 3B |
ACU | 07 Dec 16 | Plus Connect Takeover - 25% voting power exceeded |
IGS | 07 Dec 16 | Corporate Update |
S32 | 07 Dec 16 | 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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