Markets Live: ASX slips despite miner rally
Shares drop, led down by falls in banks and health stocks, while Fortescue rallies after iron ore futures extended gains.
Shares drop, led down by falls in banks and health stocks, while Fortescue rallies after iron ore futures extended gains.
In a bid to escape from crushingly low yields global investors have for close to a decade been increasing their exposure to risk.
The interest in exchange traded funds comes as record-low interest rates are prompting pensioners to consider alternative products.
It was the night before the Federal Reserve hiked interest rates and all is not well in French politics.
Hedge funds and other large speculators boosted net short bets in five-year futures on the potential for a dovish message.
Oil fell, extending its rout, after OPEC reported that Saudi Arabia lifted its output and overall OPEC inventories increased.
​Sterling fell to an eight-week low, hit by fears of a prolonged bout of political jousting as the UK heads towards Brexit.
US producer prices increased more than expected last month as the cost of services such as hotel accommodation pushed higher.
Shares drop, led down by falls in banks and health stocks, while Fortescue rallies after iron ore futures extended gains.
The union on strike at BHP Billiton's Escondida copper mine rejected an invitation by the company to return to negotiations.
Investors remained in wait-and-see mode ahead of the US Federal Reserve's two-day meeting.
Weidmann and German Finance Minister Wolfgang Schaeuble are set to welcome Group of 20 finance chiefs in Baden-Baden on Friday.
Whether there will be three or four US Federal Reserve rate rises this year is the key question on investors' minds.
​Sterling fell to an eight-week low, hit by fears of a prolonged bout of political jousting as the UK heads towards Brexit.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7573 | 0.7568 | 0.0010rise | 0.13% rise |
AUD/EUR | 0.7137 | 0.7129 | 0.0003rise | 0.04% rise |
Updated: March 15, 2017 - 1:30PM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 2,266,467,486 | 1,363,195,289 | 621,394 |
Industrial | 1,713,795,743 | 411,495,954 | 497,102 |
Mining | 543,515,965 | 951,530,379 | 121,607 |
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 |
---|---|---|---|---|
SCU | STEMCELL UNITED LTD | 1.085rise | 0.013 | 0.014 |
THR | THOR MINING PLC | 0.034rise | 0.019 | 0.016 |
IVQ | INVITROCUE LTD | 0.120rise | 0.080 | 0.100 |
AON | APOLLO MINERALS LTD | 0.270rise | 0.200 | 0.150 |
AAR | ANGLO AUSTRALIAN | 0.030rise | 0.023 | 0.021 |
TMT | TECHNOLOGY METALS | 0.280rise | 0.230 | 0.245 |
GSW | GETSWIFT LIMITED | 0.655rise | 0.550 | 0.480 |
AMT | ALLEGRA ORTHOPAEDICS | 0.300rise | 0.258 | 0.220 |
GWR | GWR GROUP LTD | 0.069rise | 0.060 | 0.060 |
WGX | WESTGOLD RESOURCES. | 2.710rise | 2.410 | 2.650 |
Updated: March 15, 2017 - 1:35PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
ATU | ATRUM COAL LTD | 0.360fall | 0.415 | 0.430 |
EVS | ENVIROSUITE LTD | 0.042fall | 0.048 | 0.051 |
HWK | HAWKSTONE MNG LTD | 0.015fall | 0.017 | 0.700 |
BMH | BAUMART HOLDINGS LTD | 0.190fall | 0.215 | 0.215 |
CSE | COPPER STRIKE LTD | 0.200fall | 0.220 | 0.240 |
SYR | SYRAH RESOURCES | 2.240fall | 2.450 | 2.900 |
AD1 | APPLYDIRECT LIMITED | 0.165fall | 0.180 | 0.200 |
SBB | SUNBRIDGE GROUP LTD | 0.013fall | 0.014 | 0.014 |
BBN | BABY BUNTING GRP LTD | 1.930fall | 2.060 | 2.050 |
SXA | STRATA-X ENERGY LTD | 0.045fall | 0.048 | 0.048 |
Updated: March 15, 2017 - 1:34PM |
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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