Markets Live: ASX turns red as mood sours
Miners lose some of their initial strong gains following a slide in iron ore futures, while the Aussie slips back below US77c on weak employment data.
Miners lose some of their initial strong gains following a slide in iron ore futures, while the Aussie slips back below US77c on weak employment data.
One almost wonders whether the Fed is really raising rates to puncture the asset bubble out of moralistic urges, just as it did from 1928 to 1929.
One of Australia's largest fund managers will divest more than half a billion dollar worth of shares from companies that make deadly landmines, cluster bombs and tobacco products as part of an ethical investment overhaul.
A security guard for a Heinz board member, Todd David Alpert printed out an email for his employer with the terms of the $36 billion takeover of the food giant. The next day, he called his broker and started trading.
The Australian dollar has surged, topping US77ยข, after the Fed opted for a less hawkish rate tone than expected.
The Federal Reserve raised its benchmark lending rate a quarter point and continued to project two more rate increases this year, signalling more vigilance as inflation approaches its target.
US Treasury yields plummeted after the Federal Reserve did not flag any plan to accelerate the pace of monetary tightening.
The US Federal Reserve raised interest rates as expected and reaffirmed a previous gradual rate hike path.
Miners lose some of their initial strong gains following a slide in iron ore futures, while the Aussie slips back below US77c on weak employment data.
A rally in Fortescue Metals helped push the local sharemarket into the black for a second day in a row.
As the reflation trades of the past year ebb away, money managers are still grappling with a familiar problem: how to generate a decent return in what is likely to remain low growth, low inflation environment.
In a bid to escape from crushingly low yields global investors have for close to a decade been increasing their exposure to risk.
โNew Zealand's bees are being stolen and traded by organised crime syndicates seeking to profit from skyrocketing honey prices.
The Australian dollar has surged, topping US77ยข, after the Fed opted for a less hawkish rate tone than expected.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7685 | 0.7683 | -0.0024fall | -0.31% fall |
AUD/EUR | 0.7165 | 0.716 | -0.0018fall | -0.25% fall |
Updated: March 16, 2017 - 2:30PM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 5,243,381,161 | 2,077,534,599 | 679,151 |
Industrial | 3,985,307,031 | 685,624,263 | 538,532 |
Mining | 1,245,905,351 | 1,391,630,289 | 137,147 |
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 companyย just released its first quarterly earnings report since listing on the Nasdaq late last year.ย
Markets are in a well-oiled "death spiral," analysts at Citigroup say.
Code | Name | New Highs | Last Week | Last Month |
---|---|---|---|---|
PGS | PLANET GAS LTD | 0.012rise | 0.004 | 0.005 |
QBL | QUEENSLAND BAUXITE | 0.030rise | 0.016 | 0.009 |
AUK | AUGUR RESOURCES LTD | 0.019rise | 0.011 | 0.013 |
AAR | ANGLO AUSTRALIAN | 0.036rise | 0.023 | 0.021 |
MTC | METALSTECH LTD | 0.335rise | 0.230 | 0.275 |
TMT | TECHNOLOGY METALS | 0.335rise | 0.230 | 0.245 |
SWL | SEYMOUR WHYTE LTD | 1.380rise | 1.000 | 1.000 |
OKU | OKLO RESOURCES LTD | 0.295rise | 0.215 | 0.215 |
PDZ | PRAIRIE MINING LTD | 0.600rise | 0.490 | 0.480 |
RGI | ROTO-GRO INTL LTD | 0.395rise | 0.325 | 0.220 |
Updated: March 16, 2017 - 2:30PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
ECG | ECARGO HLDG | 0.100fall | 0.125 | 0.160 |
HWK | HAWKSTONE MNG LTD | 0.014fall | 0.017 | 0.700 |
XPD | XPD SOCCER GEAR GRP | 0.035fall | 0.042 | 0.064 |
ASH | ASHLEY SERVICES GRP | 0.074fall | 0.085 | 0.130 |
IP1 | INT PAYMENT TECH LTD | 0.165fall | 0.185 | 0.175 |
AHF | AUS DAIRY FARMS | 0.135fall | 0.150 | 0.150 |
AOK | AUSTEX OIL LIMITED | 0.034fall | 0.037 | 0.036 |
TGH | TEGEL GROUP HOLDINGS | 1.090fall | 1.150 | 1.120 |
SKN | SKIN ELEMENTS LTD | 0.105fall | 0.110 | 0.150 |
AVG | AUST VINTAGE LTD | 0.435fall | 0.455 | 0.455 |
Updated: March 16, 2017 - 2:25PM |
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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