Markets Live: Miners steady ASX ship
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Shares claw back some of yesterday's heavy losses after Wall St steadied overnight as miners shrug off another sharp fall in iron ore, although banks remain weak .
Shares claw back some of yesterday's heavy losses after Wall St steadied overnight as miners shrug off another sharp fall in iron ore, although banks remain weak .
Buying in miners and energy stocks helped the ASX claw back some of Wednesday's heavy losses.
A few hours after the New York market closed on February 1, an obscure Chicago artist by the name of Antonio Lee told the world he had become the world's richest man. He managed to issue his fabricated report in the most authoritative of places: The US Securities and Exchange Commission's database.
It's not time to cut and run, but strategists are becoming more cautious about the tired looking bull market in mining stocks.
Of Australian managed funds that outperformed their benchmark index in 2014, only one in 10 were able to do so consistently for the following two years, S&P; has found.
Investors are dialling back hopes that US President Donald Trump will swiftly enact his agenda. "If the vote doesn't pass, or is postponed, it will cast a lot of doubt on the Trump trades," says an influential bond trader.
After all the excitement yesterday on confirmation financial markets do actually have a pulse and that they can actually fall we should see more reserved conditions today.
After multiple rounds of warnings that this year's rally may be overdone, the steel-making raw material is in retreat.
Shares claw back some of yesterday's heavy losses after Wall St steadied overnight as miners shrug off another sharp fall in iron ore, although banks remain weak .
Oil prices slid to almost four-month lows, with Brent briefly falling below $US50 a barrel.
There is a growing market for betting on an already unpredictable Trump presidency. Now, Paddy Power is hiring a "head of Trump betting" to oversee bets related to the US president and his administration.
Concerns that there are too many class actions against companies are ill founded, according to Federal Court judge Bernard Murphy.
Perpetual senior lawyer Jessie Moodley told the Corporate Conduct and Class Action symposium in Melbourne fees charged by class action lawyers and funders are "excessive".
UBS expects the euro to rebound if nationalist Marine Le Pen fails in her bid to become the next French president.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7664 | 0.766 | -0.0016fall | -0.21% fall |
AUD/EUR | 0.7098 | 0.7091 | -0.0016fall | -0.23% fall |
Updated: March 23, 2017 - 6:00PM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 4,801,046,127 | 1,992,161,308 | 853,077 |
Industrial | 3,968,233,732 | 857,931,453 | 699,042 |
Mining | 812,905,064 | 1,133,915,415 | 150,257 |
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 |
---|---|---|---|---|
BD1 | BARD1 LIFE SCIENCES | 0.064rise | 0.032 | 0.035 |
SUH | SOUTHERN HEM MIN | 0.055rise | 0.034 | 0.041 |
CCZ | CASTILLO COPPER LTD | 0.025rise | 0.018 | 0.020 |
EGN | ENGENCO LIMITED | 0.250rise | 0.200 | 0.190 |
D13 | DEPARTMENT 13 INTL | 0.185rise | 0.150 | 0.140 |
KGL | KGL RESOURCES LTD | 0.425rise | 0.355 | 0.315 |
MCP | MCPHERSON'S LTD | 1.420rise | 1.240 | 1.350 |
MOD | MOD RESOURCES LTD | 0.090rise | 0.083 | 0.053 |
JIN | JUMBO INTERACTIVE | 1.995rise | 1.840 | 1.880 |
A2M | THE A2 MILK COMPANY | 2.650rise | 2.460 | 2.570 |
Updated: March 23, 2017 - 4:23PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
WSG | WOLFSTRIKE RENTALS | 0.004fall | 0.009 | 0.008 |
WSI | WESTSTAR INDUSTRIAL | 0.006fall | 0.010 | 0.012 |
AHL | AHALIFE HOLDINGS LTD | 0.035fall | 0.049 | 0.050 |
QIN | QUINTIS LTD | 1.055fall | 1.445 | 1.442 |
IPE | IPE LTD | 0.135fall | 0.170 | 0.165 |
MRQ | MRG METALS LIMITED | 0.011fall | 0.013 | 0.014 |
MWR | MGM WIRELESS LIMITED | 0.450fall | 0.530 | 0.575 |
SXA | STRATA-X ENERGY LTD | 0.040fall | 0.045 | 0.048 |
ISD | ISENTIA GROUP LTD | 1.445fall | 1.585 | 1.540 |
RED | RED 5 LIMITED | 0.054fall | 0.058 | 0.060 |
Updated: March 23, 2017 - 6:00PM |
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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