Markets Live: ASX falls as banks crunched
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Losses in the big banks and Telstra are leading the ASX lower, after the US Federal Reserve last night spooked global markets.
Losses in the big banks and Telstra are leading the ASX lower, after the US Federal Reserve last night spooked global markets.
It took more than a decade for Yang Kai to amass one of China's most celebrated dairy fortunes. He may have lost it in less than 90 minutes. Now details of the company's shocking mountain of debt emerge, and his right-hand executive has disappeared.
Australian investors hoping to invest in Snap Inc might be disappointed, with S&P; Dow Jones unsure on whether to add it to the S&P; 500 at all.
The Federal Reserve is trying to send a message to bond traders, but they aren't buying it yet.
​Oil prices eases from one-month high after a surprise increase in US crude inventories to a record high.
The late sell-off on Wall Street has set the stage for a dour opening for the local sharemarket.
US stocks turned negative in late trading after the Fed signalled a change in its bond investment policy later this year.
Fed policymakers think the central bank should take steps to begin trimming its $US4.5 trillion balance sheet this year.
Losses in the big banks and Telstra are leading the ASX lower, after the US Federal Reserve last night spooked global markets.
Companies added workers to US payrolls in March at the fastest pace since December 2014, data from ADP Research showed.
Copper rose 2 per cent, reflecting strength across base metals following upbeat jobs data from the United States.
IAG estimates net exposure to Cyclone Debbie at about $140m as other insurers also count cost.
Shares advanced after solid gains across mining and energy stocks helped the ASX overcome selling in the big banks.
The US dollar rose to a two-week high overnight on technical trading and strong economic data. The $A dipped.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7544 | 0.7539 | -0.0027fall | -0.36% fall |
AUD/EUR | 0.7067 | 0.7063 | -0.0032fall | -0.45% fall |
Updated: April 6, 2017 - 3:50PM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 3,467,855,621 | 1,570,309,424 | 896,181 |
Industrial | 2,704,219,973 | 648,022,239 | 725,197 |
Mining | 747,165,544 | 921,971,655 | 167,556 |
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 |
---|---|---|---|---|
OIL | OPTISCAN IMAGING | 0.120rise | 0.071 | 0.071 |
AAR | ANGLO AUSTRALIAN | 0.048rise | 0.032 | 0.036 |
SPI | SPITFIRE MAT LTD | 0.120rise | 0.090 | 0.090 |
SWJ | STONEWALL RES LTD | 0.032rise | 0.024 | 0.024 |
AGY | ARGOSY MINERALS LTD | 0.054rise | 0.042 | 0.042 |
EMU | EMU NL | 0.245rise | 0.195 | 0.195 |
OPT | OPTHEA LIMITED | 1.160rise | 0.940 | 1.000 |
GSC | GLOBAL GEOSCIENCE | 0.180rise | 0.150 | 0.155 |
RDM | RED METAL LIMITED | 0.165rise | 0.145 | 0.145 |
A2M | THE A2 MILK COMPANY | 2.980rise | 2.760 | 2.760 |
Updated: April 6, 2017 - 3:51PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
DXF | DING SHENG XIN LTD | 0.200fall | 0.280 | 0.280 |
EGO | EMPIRE OIL & GAS | 0.155fall | 0.215 | 0.210 |
ATM | ANEKA TAMBANG | 0.620fall | 0.860 | 0.860 |
CGN | CRATER GOLD MIN LTD | 0.022fall | 0.028 | 0.028 |
NRT | NOVOGEN LIMITED | 0.055fall | 0.067 | 0.067 |
TFG | TOTAL FACE GROUP LTD | 0.165fall | 0.195 | 0.190 |
OAR | OAKDALE RESOURCE LTD | 0.062fall | 0.073 | 0.072 |
AOW | AMERICAN PATRIOT OIL | 0.035fall | 0.040 | 0.040 |
VSC | VITA LIFE SCIENCES. | 0.985fall | 1.105 | 1.105 |
CYG | COVENTRY GROUP | 0.600fall | 0.655 | 0.650 |
Updated: April 6, 2017 - 3:49PM |
Company | Security Code | Float date | Issue $ |
---|---|---|---|
Visioneering Technologies, Inc. | CTI | 27/03/2017 | 0.42 |
De.mem Limited | DEM | 21/03/2017 | 0.20 |
G Medical Innovations Holdings Limited | GMV | 31/03/2017 | 0.20 |
Magmatic Resources Limited | MAG | 24/03/2017 | 0.20 |
Morphic Ethical Equities Fund Limited | MEC | 03/05/2017 | 1.10 |
Mobilicom Limited | MOB | 05/05/2017 | 0.20 |
Moelis Australia Pty Ltd | MOE | 10/04/2017 | 2.35 |
Retech Technology., Co Limited | RTE | 20/04/2017 | 0.50 |
Scout Security Limited | SCT | 21/04/2017 | 0.20 |
Tinybeans Group Pty Ltd | TNY | 31/03/2017 | 1.00 |
URB Investments Limited | URB | 07/04/2017 | 1.10 |
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