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Markets Live: Fortescue hits six-year high

Updated

Key Points

  • Chinese manufacturing and services data point to a strong start to 2017 for the economy
  • Fortescue shares jump to a six-year high, closing in on the $7-mark as brokes lift target prices
  • OzForex shares slide more than 20 per cent to their lowest on record following a profit warning
  • House prices continue to rise at a brisk pace, prompting talk of tougher macroprudential rules
  • The Aussie (once again) can't hold onto the US76c-handle, following weakness in the US dollar
  • The Trump administration sparks a war of words with Germany over devaluation claims
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