Markets Live: ASX's first fall of 2017
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.
The new year has greeted Australian stocks with a bull market but 2016 wasn't an easy ride.
The local stock market is set to open higher on the back of a strong night for commodities' markets.
When 10-year US Treasuries trade above 2.6pc, it will mark an end to the three-decade bond bull market, says Bill Gross.
Jeffrey Lacker's retirement in October will mark the exit of one of the US central bank's most steadfast inflation fighters.
The decline in US crude output that began amid a global slump in oil markets in mid-2014 appears finally to be over.
What's really worrying a fund that banks on being scared of everything?
A slippery oil price and sharp reversal in investor sentiment dragged the ASX into the red for the first time this year.
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.
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.
For currency traders, it's a fine time to do something different.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7376 | 0.7366 | 0.0014rise | 0.19% rise |
AUD/EUR | 0.6984 | 0.698 | 0.0029rise | 0.42% rise |
Updated: January 11, 2017 - 8:47AM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 4,480,184,683 | 1,894,459,352 | 935,203 |
Industrial | 3,598,437,203 | 718,658,514 | 764,885 |
Mining | 866,130,838 | 1,175,503,331 | 165,916 |
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 |
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 |
HRN | HORIZON GOLD LTD | 0.400rise | 0.360 | 0.360 |
MBC | MALABAR COAL LTD | 0.420rise | 0.380 | 0.350 |
IIL | INNATE IMMUNO | 1.210rise | 1.100 | 1.155 |
DYL | DEEP YELLOW LIMITED | 0.024rise | 0.022 | 0.019 |
Updated: January 10, 2017 - 6:50PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
BML | BOTSWANA METALS LTD | 0.001fall | 0.002 | 0.001 |
IHS | INTERPOSE HOLDINGS | 0.021fall | 0.030 | 0.030 |
TV2 | TV2U INTER LIMITED | 0.007fall | 0.009 | 0.009 |
AKK | AUSTIN EXPLORATION | 0.004fall | 0.005 | 0.005 |
PAB | PATRYS LIMITED | 0.005fall | 0.006 | 0.005 |
RBR | RBR GROUP LTD | 0.007fall | 0.008 | 0.007 |
RNO | RHINOMED LTD | 0.016fall | 0.018 | 0.016 |
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 |
Updated: January 10, 2017 - 4:10PM |
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 |
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