Markets Live: ASX's first fall of 2017
![Investors are expected to adopt a more cautious tone today after yesterday's heroics.](/web/20170110071921im_/http://www.smh.com.au/content/dam/images/g/h/a/b/9/i/image.related.landscape.120x80.gtola0.png/1484027186008.jpg)
Banks led a broad ASX sell-off, ending a five-day winning streak as the mood among investors turns markedly bearish, with iron ore and gold miners the exceptions.
Banks led a broad ASX sell-off, ending a five-day winning streak as the mood among investors turns markedly bearish, with iron ore and gold miners the exceptions.
A slippery oil price and sharp reversal in investor sentiment dragged the ASX into the red for the first time this year.
Oil dropped the most in more than five weeks in New York amid concern about Iraqi compliance with OPEC production cuts.
The mood, certainly on social media and to an extent on trading floors, suggests bearish sentiment in on the rise, even though US equity markets have really only fallen modestly and there really hasn't been any one piece of news that been catching attention.
For currency traders, it's a fine time to do something different.
Goldman Sachs has identified three big items that will impact equities in 2017: tax reform, the US dollar and wage growth.
Sterling slid after Prime Minister Theresa May said she is seeking a completely new trade relationship with the EU.
Atlassian agreed to acquire Trello, which offers a popular project management app, for $577 million.
Banks led a broad ASX sell-off, ending a five-day winning streak as the mood among investors turns markedly bearish, with iron ore and gold miners the exceptions.
Chinese coking coal prices rose for a fourth straight session, notching up their best daily gain in a month.
Investors continue to devour Australian shares, sending the ASX into official bull market territory on Monday.
Uncertainties around Trump's policy agenda and the pace of US rate rises are the twin worries hanging over investors, and this week could provide insight into these interrelated issues.
We are staring at a slightly stronger open here in Asia, with our call for the ASX 200 printing a new high in this two-month rally.
For currency traders, it's a fine time to do something different.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.737 | 0.7369 | 0.0017rise | 0.23% rise |
AUD/EUR | 0.6951 | 0.6949 | -0.0002fall | -0.03% fall |
Updated: January 10, 2017 - 5:45PM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 4,480,184,683 | 1,894,459,352 | 935,331 |
Industrial | 3,598,437,203 | 718,658,514 | 764,997 |
Mining | 866,130,838 | 1,175,503,331 | 165,932 |
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 |
---|---|---|---|---|
DRO | DRONESHIELD LIMITED | 0.390rise | 0.330 | 0.290 |
CZR | COZIRON RESOURCES | 0.014rise | 0.012 | 0.012 |
IMD | IMDEX LIMITED | 0.725rise | 0.630 | 0.595 |
DGR | DGR GLOBAL LTD | 0.115rise | 0.100 | 0.095 |
SEH | SINO GAS ENERGY | 0.135rise | 0.120 | 0.120 |
IIL | INNATE IMMUNO | 1.210rise | 1.100 | 1.155 |
AXL | AXSESSTODAY LTD | 1.435rise | 1.320 | 1.320 |
DNK | DANAKALI LIMITED | 0.525rise | 0.490 | 0.480 |
SWK | SWICK MINING | 0.320rise | 0.300 | 0.270 |
RDH | REDHILL EDUCATION | 0.960rise | 0.910 | 0.925 |
Updated: January 10, 2017 - 4:41PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
IHS | INTERPOSE HOLDINGS | 0.021fall | 0.030 | 0.030 |
CPH | CRESO PHARMA LTD | 0.200fall | 0.225 | 0.220 |
DTX | DATETIX GROUP LTD | 0.220fall | 0.240 | 0.260 |
SIT | SITE GROUP INT LTD | 0.110fall | 0.120 | 0.130 |
NWF | NEWFIELD RESOURCES | 0.245fall | 0.260 | 0.250 |
KBU | KABUNI LTD | 0.020fall | 0.021 | 0.021 |
MNW | MINT PAYMENTS LTD | 0.054fall | 0.056 | 0.055 |
RHL | RURALCO HOLDINGS | 2.760fall | 2.850 | 2.900 |
QAG | BETAAGRICULTURE | 7.080fall | 7.310 | 7.150 |
SKN | SKIN ELEMENTS LTD | 0.190fall | 0.195 | 0.000 |
Updated: January 10, 2017 - 4:11PM |
Company | Security Code | Float date | Issue $ |
---|---|---|---|
Ardea Resources Ltd | ARL | 09/01/2017 | 0.20 |
Blockchain Global Ltd | BCG | 0.20 | |
Blackstone Minerals Ltd | BSX | 20/12/2016 | 0.20 |
Cobalt Blue Holdings Ltd | COB | 19/12/2016 | 0.20 |
Davenport Resources Ltd | DAV | 27/10/2016 | 0.75 |
Save articles for later.
Subscribe for unlimited access to news. Login to save articles.
Return to the homepage by clicking on the site logo.