Markets Live: ASX tops 5800 as CBA rallies
Investors pile into heavyweights CBA, Wesfarmers and CSL after solid earnings updates, helping the ASX push through 5800 points and to its highest since May 2015.
Investors pile into heavyweights CBA, Wesfarmers and CSL after solid earnings updates, helping the ASX push through 5800 points and to its highest since May 2015.
Well, it's clear the AUD is the king of the G10 currency block right now and the market has an insatiable love affair with the 'Aussie' and as long as financial conditions stay as they are then the AUD really only goes one way. Great for those thinking of holidaying in southern Europe in August.
A relatively hawkish Federal Reserve Chair Janet Yellen has stocks headed for the longest rally in more than three years.
US retail sales rose more than expected in January and consumer prices recorded their biggest gain in nearly four years, boosting prospects of an interest rate increase from the Federal Reserve next month.
China is considering reinstating coal output restrictions to avoid the return of a glut after easing limits during winter.
Iron ore futures in China fell more than 1pc after reaching a record high in a rapid rally spurred by rising steel prices.
Their businesses may rely on it, and most support it, but one in two Australian CEOs surveyed by PwC reject the assertion that globalisation has helped reduce income inequality.
A flurry of earnings reports gave investors plenty to digest, with a strong rally in Commonwealth Bank lifting the ASX through 5800 points.
Investors pile into heavyweights CBA, Wesfarmers and CSL after solid earnings updates, helping the ASX push through 5800 points and to its highest since May 2015.
US equity markets have hit new records in the first few weeks of US President Donald Trump's tenure but will this continue?
The fall in the oil price has prompted Origin Energy to slash $1.9 billion off the value of its assets, primarily for its gas export project in Queensland.
Optimism is in the air with Bank of America Merrill Lynch's fund manager survey finding sunshine amid geopolitical uncertainty.
Competitor problems opened the door for CSL to boost revenues and earnings, with sales to remain strong through the balance of fiscal 2017.
For most of the past five years, the value of the Australian dollar and the iron ore price have been closely linked. But in recent weeks, they have sharply diverged.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7712 | 0.7702 | 0.0042rise | 0.55% rise |
AUD/EUR | 0.7274 | 0.7273 | 0.0032rise | 0.44% rise |
Updated: February 16, 2017 - 4:29AM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 5,792,517,948 | 3,620,046,105 | 1,197,415 |
Industrial | 4,661,950,925 | 959,370,239 | 984,933 |
Mining | 1,058,287,354 | 2,660,203,267 | 205,550 |
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 |
---|---|---|---|---|
SHO | SPORTSHERO LTD | 0.059rise | 0.011 | 0.011 |
SDL | SUNDANCE RESOURCES | 0.012rise | 0.005 | 0.004 |
MRP | MACPHERSONS RESOURCE | 0.200rise | 0.092 | 0.095 |
RFL | RUBIK FINANCIAL LTD. | 0.160rise | 0.100 | 0.100 |
GTR | GTI RESOURCES | 0.038rise | 0.025 | 0.030 |
EMH | EUROPEAN METALS HLDG | 1.295rise | 0.855 | 0.700 |
GID | GI DYNAMICS, INC | 0.042rise | 0.029 | 0.029 |
CDT | CASTLE MINERALS | 0.025rise | 0.018 | 0.018 |
ARL | ARDEA RESOURCES LTD | 0.280rise | 0.205 | 0.000 |
MGX | MOUNT GIBSON IRON | 0.485rise | 0.375 | 0.400 |
Updated: February 15, 2017 - 3:50PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
TV2 | TV2U INTER LIMITED | 0.005fall | 0.007 | 0.007 |
NWZ | NEWZULU LIMITED | 0.003fall | 0.004 | 0.003 |
AHL | AHALIFE HOLDINGS LTD | 0.058fall | 0.070 | 0.069 |
CTO | CITIGOLD CORP LTD | 0.010fall | 0.012 | 0.012 |
SIT | SITE GROUP INT LTD | 0.100fall | 0.115 | 0.110 |
AB1 | ANIMOCA BRANDS CORP | 0.029fall | 0.033 | 0.046 |
FFT | FUTURE FIBRE TECH. | 0.120fall | 0.135 | 0.165 |
OLV | OTHERLEVELS HOLDINGS | 0.040fall | 0.045 | 0.045 |
BYI | BEYOND INTERNATIONAL | 0.980fall | 1.100 | 1.120 |
DMP | DOMINO PIZZA ENTERPR | 52.180fall | 57.610 | 59.300 |
Updated: February 15, 2017 - 3:50PM |
Company | Security Code | Float date | Issue $ |
---|---|---|---|
Blockchain Global Ltd | BCG | 0.20 | |
E2 Metals Ltd | E2M | 01/12/2016 | 0.20 |
Eildon Capital Ltd | EDC | 01/02/2017 | 1.06 |
India Fund Limited | INF | 1.00 | |
I Synergy Group Limited | IS3 | 21/12/2016 | 0.20 |
Lithium Consolidated Mineral Exploration Pty Ltd | LI3 | 20/12/2016 | 0.20 |
Majestic Horizon Holdings Ltd | MHH | 0.20 | |
Metavone Limited | MTV | 27/10/2016 | 0.20 |
Secure2Go Group Ltd | S2G | 08/01/2017 | 0.30 |
Traprock Mining Ltd | TMI | 20/12/2016 | 0.20 |
Viatar CTC Solutions Inc. | VTR | 68.50 | |
Wilgena Resources Ltd | WRX | 12/12/2016 | 0.20 |