Markets Live: ASX loses $26b in Trump slump
In a big shake-up after months of gains, shares record their worst day since the US election amid growing doubts that Trump will deliver on his pro-growth policies.
In a big shake-up after months of gains, shares record their worst day since the US election amid growing doubts that Trump will deliver on his pro-growth policies.
Perpetual senior lawyer Jessie Moodley told the Corporate Conduct and Class Action symposium in Melbourne fees charged by class action lawyers and funders are "excessive".
The ASX shed $26 billion on Wednesday, its worst day since Donald Trump's November election victory.
Concerns that there are too many class actions against companies are ill founded, according to Federal Court judge Bernard Murphy.
US short seller Glaucus Research Group has made a full-frontal assault of local sandalwood producer TFS, with some success.
World stocks are their most expensive in 17 years, but bond yields will need to be much higher than they are to trigger an equity bear market.
A record number of global fund managers reckon that stocks are overvalued, according to Bank of America Merrill Lynch's monthly survey.
Pimco has joined the chorus of global investors turning bullish on global growth prospects, saying the Trump administration's war on trade is "more symbolic than real".
In a big shake-up after months of gains, shares record their worst day since the US election amid growing doubts that Trump will deliver on his pro-growth policies.
Maybe investors should forget the Trump trade and start prepping for the Trump correction. There's an undeniable "risk off" vibe reverberating through markets.
Local shares set to fall sharply at the open after heavy falls on overseas markets overnight,
UBS expects the euro to rebound if nationalist Marine Le Pen fails in her bid to become the next French president.
US bank shares had rallied 22 per cent through Monday, eight percentage points more than the next best group.
UBS expects the euro to rebound if nationalist Marine Le Pen fails in her bid to become the next French president.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7664 | 0.766 | -0.0028fall | -0.36% fall |
AUD/EUR | 0.7099 | 0.7094 | -0.0017fall | -0.24% fall |
Updated: March 22, 2017 - 5:30PM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 5,160,667,439 | 2,215,674,415 | 1,008,646 |
Industrial | 4,081,133,356 | 911,793,275 | 832,088 |
Mining | 1,041,237,469 | 1,303,404,970 | 169,941 |
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 |
---|---|---|---|---|
SUH | SOUTHERN HEM MIN | 0.052rise | 0.034 | 0.041 |
EHL | EMECO HOLDINGS | 0.105rise | 0.081 | 0.098 |
RDS | REDSTONE RESOURCES | 0.029rise | 0.023 | 0.011 |
COI | COMET RIDGE LIMITED | 0.115rise | 0.095 | 0.085 |
KGL | KGL RESOURCES LTD | 0.415rise | 0.355 | 0.315 |
OPN | OPENDNA LTD | 0.200rise | 0.175 | 0.170 |
DGR | DGR GLOBAL LTD | 0.160rise | 0.140 | 0.150 |
MCP | MCPHERSON'S LTD | 1.400rise | 1.240 | 1.350 |
CPH | CRESO PHARMA LTD | 0.930rise | 0.870 | 0.370 |
EOS | ELECTRO OPTIC SYS. | 2.640rise | 2.480 | 2.450 |
Updated: March 22, 2017 - 4:10PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
ROG | RED SKY ENERGY. | 0.007fall | 0.009 | 0.050 |
AHL | AHALIFE HOLDINGS LTD | 0.039fall | 0.049 | 0.050 |
MZI | MZI RES LTD | 0.200fall | 0.245 | 0.265 |
1AG | ALTERRA LIMITED | 0.028fall | 0.032 | 0.032 |
HT8 | HARRIS TECHNOLOGY GL | 0.070fall | 0.080 | 0.075 |
ADN | ANDROMEDA METALS LTD | 0.009fall | 0.010 | 0.010 |
WEC | WHITE ENERGY COMPANY | 0.041fall | 0.045 | 0.044 |
EAX | ENERGY ACTION LTD | 0.700fall | 0.755 | 0.860 |
UTR | ULTRACHARGE LTD | 0.028fall | 0.030 | 0.031 |
CAT | CATAPULT GRP INT LTD | 1.990fall | 2.130 | 2.070 |
Updated: March 22, 2017 - 4:10PM |
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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