Markets Live: ASX loses 2017 gains
![Smooth sailing no more for the US dollar.](/web/20170118035106im_/http://www.smh.com.au/content/dam/images/g/n/4/w/3/7/image.related.landscape.120x80.gttfqa.png/1484711438540.jpg)
Banks are at the forefront of another day of selling, shaving the last of this year's gains off the index, while political uncertainty sparks turbulence in currencies.
Banks are at the forefront of another day of selling, shaving the last of this year's gains off the index, while political uncertainty sparks turbulence in currencies.
The President-elect's comments that the US dollar is too high sent the greenback lower against every major currency - including the Australian dollar.
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.
​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.
Banks are at the forefront of another day of selling, shaving the last of this year's gains off the index, while political uncertainty sparks turbulence in currencies.
Any sign that the greenback is entering a tailspin would be bad news for US stocks, according to Goldman Sachs.
The US dollar fell to a four-week low after Donald Trump said the currency's strength is "killing us".
Chinese iron ore futures pulled back from a three-year high as steel prices retreated in volatile trading.
Zhou Shuoji, a 35-year-old high-speed trader in Beijing, bitcoin is too good to resist.
The 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 | 0.7552 | 0.7547 | -0.0019fall | -0.25% fall |
AUD/EUR | 0.7061 | 0.7056 | -0.0005fall | -0.07% fall |
Updated: January 18, 2017 - 2:21PM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 2,424,682,917 | 1,418,296,758 | 733,146 |
Industrial | 1,821,857,725 | 411,926,101 | 587,534 |
Mining | 582,523,804 | 1,006,094,050 | 140,660 |
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 |
BCI | BC IRON LIMITED | 0.280rise | 0.225 | 0.200 |
TTW | TOPTUNG LTD | 0.050rise | 0.041 | 0.041 |
SO4 | SALT LAKE POTASH LTD | 0.600rise | 0.540 | 0.520 |
ASN | ANSON RESOURCES LTD | 0.040rise | 0.036 | 0.029 |
BRN | BRAINCHIP LTD | 0.350rise | 0.320 | 0.285 |
IIL | INNATE IMMUNO | 1.460rise | 1.350 | 1.155 |
RDM | RED METAL LIMITED | 0.145rise | 0.135 | 0.115 |
ASW | ADVANCED SHARE LTD | 0.840rise | 0.790 | 0.790 |
BSE | BASE RES LIMITED | 0.255rise | 0.240 | 0.220 |
Updated: January 18, 2017 - 2:51PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
HCH | HOT CHILI LTD | 0.027fall | 0.031 | 0.031 |
DCL | DOMACOM LIMITED | 0.200fall | 0.225 | 0.205 |
NTC | NETCOMM WIRELESS | 1.850fall | 2.030 | 1.965 |
ADR | ADHERIUM LTD | 0.220fall | 0.235 | 0.235 |
MIG | MIGME LIMITED | 0.065fall | 0.068 | 0.068 |
WEC | WHITE ENERGY COMPANY | 0.050fall | 0.052 | 0.060 |
CYG | COVENTRY GROUP | 0.840fall | 0.850 | 0.880 |
Updated: January 18, 2017 - 2:49PM |
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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