Markets Live: Hawkish Fed takes its toll
Shares erase a fair chunk of yesterday's big gains, led down by the big miners after Wall St exuberance faded.
Shares erase a fair chunk of yesterday's big gains, led down by the big miners after Wall St exuberance faded.
Deutsche Bank is nearing a plan to boost its capital by $14 billion, through an equity offering and a partial asset sale.
US stocks were flat on Friday afternoon after Fed chair Janet Yellen said interest rates are poised to rise this month.
US interest rates will rise this month as long as economic data on jobs and inflation holds up, Fed chair Janet Yellen said.
American service companies expanded in February at the fastest rate since October 2015 amid stronger orders.
The ASX finished the week in the red as investors remain sceptical of the global growth narrative.
It's a good news day for chocolate lovers: Prices for chocolate are set to fall as the world cocoa market shifts from a deficit to the largest surplus in six years.
Bets on US marijuana companies helped an Australian manager soar 145 per cent last year to become the world's best-performing hedge fund.
Shares erase a fair chunk of yesterday's big gains, led down by the big miners after Wall St exuberance faded.
Snap founders Evan Spiegel and Bobby Murphy each added $2.1 billion to their fortunes in a single day after shares in their photo-sharing mobile app surged 44 per cent on their trading debut.
Treasuries fell, extending a four-day slide, as a US Federal Reserve rate increase on March 15 was nearly fully priced.
​Rocketing iron ore prices may prompt Chinese producers to reopen mines shuttered years ago in a sector downturn.
Oil prices fell more than 2pc after Russian February oil output was unchanged from January at 11.11 million barrels per day.
The Australian dollar has plunged below the US76¢ mark amid a resurgence in its US counterpart.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7596 | 0.7594 | 0.0023rise | 0.30% rise |
AUD/EUR | 0.7153 | 0.715 | -0.0056fall | -0.78% fall |
Updated: March 4, 2017 - 8:00AM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 4,409,132,649 | 2,412,910,968 | 1,065,608 |
Industrial | 3,170,774,832 | 750,213,069 | 856,594 |
Mining | 1,218,760,433 | 1,662,336,108 | 204,936 |
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 |
---|---|---|---|---|
RDS | REDSTONE RESOURCES | 0.020rise | 0.011 | 0.011 |
RCP | REDBANK COPPER LTD | 0.003rise | 0.002 | 0.002 |
SAS | SKY AND SPACE GLOBAL | 0.195rise | 0.140 | 0.175 |
KLL | KALIUM LAKES LTD | 0.355rise | 0.275 | 0.290 |
OIL | OPTISCAN IMAGING | 0.064rise | 0.050 | 0.055 |
WOF | WOLF PETROLEUM | 0.049rise | 0.040 | 0.045 |
INK | INDAGO ENERGY LTD | 0.087rise | 0.074 | 0.075 |
AVB | AVANCO RESOURCES LTD | 0.135rise | 0.120 | 0.120 |
TAW | TAWANA RESOURCES NL | 0.185rise | 0.165 | 0.165 |
AON | APOLLO MINERALS LTD | 0.160rise | 0.145 | 0.150 |
Updated: March 3, 2017 - 6:50PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
POW | PROTEAN ENERGY LTD | 0.002fall | 0.005 | 0.004 |
BKP | BARAKA ENERGY RES | 0.001fall | 0.002 | 0.001 |
HEG | HILL END GOLD | 0.001fall | 0.002 | 0.002 |
ZIP | ZIPTEL LIMITED | 0.029fall | 0.047 | 0.044 |
IVX | INVION LTD | 0.002fall | 0.003 | 0.002 |
NWZ | NEWZULU LIMITED | 0.002fall | 0.003 | 0.002 |
DRX | DIATREME RESOURCES | 0.009fall | 0.013 | 0.012 |
ICI | ICANDY INTERACTIVE | 0.070fall | 0.100 | 0.100 |
DXF | DING SHENG XIN LTD | 0.310fall | 0.420 | 0.410 |
TNT | TESSERENT LIMITED | 0.075fall | 0.100 | 0.100 |
Updated: March 3, 2017 - 6:50PM |
Company | Security Code | Float date | Issue $ |
---|---|---|---|
Automotive Solutions Group Ltd | 4WD | 16/12/2016 | 1.00 |
Ardea Resources Ltd | ARL | 09/01/2017 | 0.20 |
Axsesstoday Ltd | AXL | 21/12/2016 | 1.00 |
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 |
Dreamscape Networks Ltd | DN8 | 02/12/2016 | 0.25 |
Dragontail Systems Ltd | DTS | 10/11/2016 | 0.20 |
E2 Metals Ltd | E2M | 02/12/2016 | 0.20 |
Eildon Capital Ltd | EDC | 02/02/2017 | 1.06 |
Freehill Mining Limited | FHS | 12/12/2016 | 0.20 |
GetSwift Ltd | GSW | 0.20 | |
HearMe Out Limited | HMO | 13/12/2016 | 0.20 |
Horizon Gold Ltd | HRN | 14/12/2016 | 0.40 |
India Fund Limited | INF | 1.00 | |
Inghams Group Limited | ING | 07/11/2016 | 4.14 |
Integrated Payment Technologies Limited | IP1 | 02/12/2016 | 0.20 |
I Synergy Group Limited | IS3 | 22/12/2016 | 0.20 |
Kalium Lakes Ltd | KLL | 19/12/2016 | 0.20 |
Save articles for later.
Subscribe for unlimited access to news. Login to save articles.
Return to the homepage by clicking on the site logo.