Markets Live: ASX on the ropes as Trump rally unwinds
Banks are at the forefront of another day of selling, while political uncertainty sparks turbulence in currencies.
Banks are at the forefront of another day of selling, while political uncertainty sparks turbulence in currencies.
The sharemarket erased all but a fraction of its 2017 gains as investors sold banking stocks for a second day.
Directors of troubled infant milk formula group Bellamy's Australia are ramping up their campaign against dissident shareholders after unmasking original backer Jan Cameron as standing behind a key block of shares in the company.
The US President-elect's comments that the US dollar is too high sent the greenback lower against every major currency, including the Australian dollar.
You're young and want to get ahead. First in and last out of your Wall Street office. You work weekends and message colleagues with inspired trading ideas at all hours. Guess what? You've just marked yourself as a potential rogue trader.
Geoff Wilson, the largest shareholder in Hunter Hall Global Value, wants the investment company to offer shareholders the opportunity to sell out at full value.
Jan Cameron, co-founder of Kathmandu retail chain, has been unmasked as the power behind the largest shareholder in troubled infant milk formula group Bellamy's Australia,
The Australian dollar has hit a fresh two-month high against the US greenback, which fell after comments from US President-elect Donald Trump.
Banks are at the forefront of another day of selling, while political uncertainty sparks turbulence in currencies.
​Chinese President Xi Jinping offered a vigorous defence of free trade at the World Economic Forum in Davos on Tuesday in a speech that underscored Beijing's desire to play a greater global role as the United States turns inward.
All the big moves in financial markets have taken place in the FX and this has been where the strong client flow has been seen too.
​Sterling saw its biggest daily gains since at least 1998 on Tuesday as Prime Minister Theresa May promised a parliamentary vote on Britain's deal to leave the EU and sought to draw a line under discussion of a "hard" or "soft" Brexit.
Any sign that the greenback is entering a tailspin would be bad news for US stocks, according to Goldman Sachs.
The US President-elect's comments that the US dollar is too high sent the greenback lower against every major currency, including the Australian dollar.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7554 | 0.7553 | -0.0013fall | -0.17% fall |
AUD/EUR | 0.7081 | 0.7076 | 0.0015rise | 0.21% rise |
Updated: January 18, 2017 - 10:27PM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 4,281,886,258 | 1,934,619,274 | 1,004,493 |
Industrial | 3,315,153,895 | 671,654,423 | 809,717 |
Mining | 928,054,312 | 1,262,619,156 | 188,484 |
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 |
---|---|---|---|---|
TEK | THORNEY TECH LTD | 0.240rise | 0.145 | 0.145 |
DDD | 3D RESOURCES LIMITED | 0.007rise | 0.006 | 0.004 |
CLZ | CLASSIC MIN LTD | 0.008rise | 0.007 | 0.008 |
PNL | PARINGA RESOURCES | 0.500rise | 0.440 | 0.500 |
SE1 | SENSERA LTD | 0.390rise | 0.350 | 0.390 |
MHC | MANHATTAN CORP LTD | 0.050rise | 0.045 | 0.038 |
CMT | COTT OIL AND GAS LTD | 0.061rise | 0.055 | 0.045 |
AIK | ARMIDALE INVEST CORP | 0.180rise | 0.165 | 0.175 |
MLS | METALS AUSTRALIA | 0.012rise | 0.011 | 0.006 |
TND | TOP END MINERALS LTD | 0.075rise | 0.070 | 0.072 |
Updated: January 18, 2017 - 3:50PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
SEG | SEGUE RESOURCES | 0.001fall | 0.002 | 0.001 |
FFG | FATFISH INTERNET GRP | 0.030fall | 0.040 | 0.040 |
PWN | PARKWAY MINLS NL | 0.020fall | 0.023 | 0.020 |
CEL | CHALLENGER ENERGY | 0.015fall | 0.017 | 0.020 |
SUR | SUN RESOURCES NL | 0.008fall | 0.009 | 0.008 |
NTC | NETCOMM WIRELESS | 1.820fall | 2.030 | 1.965 |
UNL | UNITED NETWORKS LTD | 0.220fall | 0.245 | 0.000 |
GTG | GENETIC TECHNOLOGIES | 0.010fall | 0.011 | 0.010 |
IVO | INVIGOR GROUP LTD | 0.013fall | 0.014 | 0.015 |
MTR | MANTRA GROUP LTD | 2.870fall | 3.020 | 2.990 |
Updated: January 18, 2017 - 3:50PM |
Company | Security Code | Float date | Issue $ |
---|---|---|---|
Automotive Solutions Group Ltd | 4WD | 15/12/2016 | 1.00 |
Ardea Resources Ltd | ARL | 08/01/2017 | 0.20 |
Axsesstoday Ltd | AXL | 20/12/2016 | 1.00 |
Blockchain Global Ltd | BCG | 0.20 | |
Blackstone Minerals Ltd | BSX | 19/12/2016 | 0.20 |