Markets Live: BHP storms to 19-month high
Shares rise, led by strong gains in the big miners, while the Aussie dollar takes a hit on softer than expected inflation data.
Shares rise, led by strong gains in the big miners, while the Aussie dollar takes a hit on softer than expected inflation data.
A dividend hike and a possible share buyback on the cards when global miner Rio Tinto releases its earnings early next month, after finalising deals to raise as much as $US3.8 billion from asset sales in recent months.
New records on Wall Street and soaring metals prices pushed the local sharemarket higher on Wednesday.
Some prominent US fund managers are betting that Obamacare may prove far more difficult to replace.
Shares in Rio Tinto surged from the opening bell with sentiment cheered by the sale of a further suite of coal mines which raises the odds of a buy-back or dividend hike.
​The S&P; 500 and Nasdaq set record highs overnight in a broad rally led by financial and technology stocks.
The story in Australia is clearly the moves in commodities and the materials sector. The bottom line is that if you are a momentum, trend trader or even a quant guy this space is flashing red hot right now and if you are not exposed to the space then you are missing out on what is arguably the best place to drive outperformance in a portfolio.
​The Trans-Pacific Partnership cannot proceed without the US, said Canada's Foreign Affairs Minister Chrystia Freeland.
Shares rise, led by strong gains in the big miners, while the Aussie dollar takes a hit on softer than expected inflation data.
Australia is still committed to working on trade relationships, with a focus on Asia, Treasurer Scott Morrison said.
A conventional wisdom is taking root that Trump's tweets move stock prices in predictable ways. The reality isn't so clear.
As inflation returns, fissures underlying the euro zone economy will prevent the central bank from reacting in the usual way.
​President Donald Trump moved assertively to further dismantle his predecessor's policies: the Keystone XL pipeline is back.
​Sterling fell after the UK Supreme Court ruled that the government must go through parliament to trigger Article 50.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7524 | 0.7519 | -0.0059fall | -0.78% fall |
AUD/EUR | 0.7014 | 0.7008 | -0.0054fall | -0.76% fall |
Updated: January 25, 2017 - 7:36PM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 6,458,494,172 | 2,786,588,091 | 1,043,123 |
Industrial | 4,599,600,946 | 751,049,764 | 820,217 |
Mining | 1,785,108,879 | 2,035,104,086 | 217,901 |
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 |
---|---|---|---|---|
FMS | FLINDERS MINES LTD | 0.082rise | 0.044 | 0.040 |
CIA | CHAMPION IRON LTD | 1.340rise | 0.830 | 0.520 |
KSN | KINGSTON RESOURCES | 0.044rise | 0.030 | 0.021 |
ELT | ELEMENTOS LIMITED | 0.011rise | 0.008 | 0.008 |
BMN | BANNERMAN RESOURCES | 0.069rise | 0.052 | 0.033 |
GGG | GREENLAND MIN EN LTD | 0.132rise | 0.105 | 0.080 |
ESR | ESTRELLA RES LTD | 0.135rise | 0.110 | 0.065 |
BIG | BIG UN LTD | 0.440rise | 0.370 | 0.230 |
PYC | PHYLOGICA LIMITED | 0.038rise | 0.032 | 0.025 |
EHL | EMECO HOLDINGS | 0.090rise | 0.078 | 0.079 |
Updated: January 25, 2017 - 6:50PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
LGO | LONGREACH OIL LTD. | 0.002fall | 0.003 | 0.003 |
IKE | IKEGPS GROUP LTD | 0.300fall | 0.400 | 0.400 |
KBU | KABUNI LTD | 0.018fall | 0.023 | 0.021 |
FZO | FAMILY ZONE CYBER | 0.145fall | 0.185 | 0.175 |
RBO | ROBO 3D LTD | 0.093fall | 0.115 | 0.107 |
LCD | LATITUDE CONSOLIDATE | 0.028fall | 0.033 | 0.032 |
RNO | RHINOMED LTD | 0.015fall | 0.017 | 0.016 |
ZIP | ZIPTEL LIMITED | 0.081fall | 0.090 | 0.100 |
GTG | GENETIC TECHNOLOGIES | 0.009fall | 0.010 | 0.010 |
MJP | MARTIN AIRCRAFT LTD | 0.235fall | 0.260 | 0.255 |
Updated: January 25, 2017 - 6:50PM |
Company | Security Code | Float date | Issue $ |
---|---|---|---|
Ardea Resources Ltd | ARL | 09/01/2017 | 0.20 |
Blockchain Global Ltd | BCG | 0.20 | |
Cobalt Blue Holdings Ltd | COB | 19/12/2016 | 0.20 |
E2 Metals Ltd | E2M | 02/12/2016 | 0.20 |
Eildon Capital Ltd | EDC | 02/02/2017 | 1.06 |
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