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.
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.
Snap founders Evan Spiegel and Bobby Murphy each added $2.1 billion to their fortunes in a single day after shares in their photo-sharing mobile app surged 44 per cent on their trading debut.
Treasuries fell, extending a four-day slide, as a US Federal Reserve rate increase on March 15 was nearly fully priced.
​Rocketing iron ore prices may prompt Chinese producers to reopen mines shuttered years ago in a sector downturn.
Oil prices fell more than 2pc after Russian February oil output was unchanged from January at 11.11 million barrels per day.
Shares erase a fair chunk of yesterday's big gains, led down by the big miners after Wall St exuberance faded.
The talking point for markets has centred on the Snap's incredible debut (currently up 46%), but more broadly the conversation has firmly focused on the USD and the potential 15 March hike from the Federal Reserve.
The Australian dollar has plunged below the US76¢ mark amid a resurgence in its US counterpart.
Emirates Global Aluminium is preparing to sell shares amid a comeback in commodities prices.
The Australian sharemarket jumped more than 1 per cent to its best day of 2017, following strong off-shore leads.
The Australian dollar has plunged below the US76¢ mark amid a resurgence in its US counterpart.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7559 | 0.7557 | -0.0014fall | -0.18% fall |
AUD/EUR | 0.7183 | 0.7179 | -0.0027fall | -0.37% fall |
Updated: March 3, 2017 - 8:41PM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 4,409,132,649 | 2,412,910,968 | 1,065,638 |
Industrial | 3,170,774,832 | 750,213,069 | 856,608 |
Mining | 1,218,760,433 | 1,662,336,108 | 204,952 |
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 |
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 |
TAW | TAWANA RESOURCES NL | 0.185rise | 0.165 | 0.165 |
AON | APOLLO MINERALS LTD | 0.160rise | 0.145 | 0.150 |
BOL | BOOM LOGISTICS | 0.140rise | 0.130 | 0.135 |
DGO | DGO GOLD LIMITED | 0.450rise | 0.420 | 0.420 |
Updated: March 3, 2017 - 6:50PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
ZIP | ZIPTEL LIMITED | 0.029fall | 0.047 | 0.044 |
ICI | ICANDY INTERACTIVE | 0.070fall | 0.100 | 0.100 |
TNT | TESSERENT LIMITED | 0.075fall | 0.100 | 0.100 |
PPL | PUREPROFILE LTD | 0.250fall | 0.330 | 0.330 |
TEN | TEN NETWORK HOLDINGS | 0.570fall | 0.685 | 0.650 |
JHL | JAYEX HEALTHCARE LTD | 0.040fall | 0.048 | 0.041 |
SYR | SYRAH RESOURCES | 2.560fall | 3.000 | 2.900 |
MBE | MOBILE EMBRACE LTD | 0.053fall | 0.062 | 0.061 |
PPP | PAN PACIFIC PETROL. | 0.024fall | 0.028 | 0.027 |
CZL | CONS ZINC LTD | 0.021fall | 0.024 | 0.024 |
Updated: March 3, 2017 - 6:50PM |
Company | Security Code | Float date | Issue $ |
---|---|---|---|
Blockchain Global Ltd | BCG | 0.20 | |
E2 Metals Ltd | E2M | 02/12/2016 | 0.20 |
India Fund Limited | INF | 1.00 | |
I Synergy Group Limited | IS3 | 22/12/2016 | 0.20 |
Lithium Consolidated Mineral Exploration Pty Ltd | LI3 | 21/12/2016 | 0.20 |
Majestic Horizon Holdings Ltd | MHH | 0.20 | |
Metavone Limited | MTV | 28/10/2016 | 0.20 |
Secure2Go Group Ltd | S2G | 09/01/2017 | 0.30 |
Traprock Mining Ltd | TMI | 21/12/2016 | 0.20 |
Viatar CTC Solutions Inc. | VTR | 68.50 | |
Wilgena Resources Ltd | WRX | 13/12/2016 | 0.20 |
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