Markets Live: Miners fall off a cliff
Steep losses in mining stocks following a collapse in the iron ore price weigh on the ASX, while the Aussie dollar is boosted by jobs numbers.
Steep losses in mining stocks following a collapse in the iron ore price weigh on the ASX, while the Aussie dollar is boosted by jobs numbers.
Plunging iron ore prices and a renewed focus on geopolitical tensions sent the ASX lower on Thursday, erasing the gains made earlier in the week.
President Donald Trump signalled in an interview that he could be moving closer to the mainstream on US monetary policy.
Iron ore tumbled 8.5 per cent overnight to $US68.04 a tonne, as already reluctant buyers stampeded to the sidelines.
The local sharemarket due to open sharply lower after iron ore tumbled overnight.
President Donald Trump said he won't brand China a currency manipulator and is open to Janet Yellen serving a second term.
​Copper slid to three-month lows as a tentative recovery in broader financial markets lost steam, amid geopolitical tensions.
Many expect the market's momentum to carry the ASX through the 6000 mark sometime this year – a level it hasn't touched since January 2008.
Steep losses in mining stocks following a collapse in the iron ore price weigh on the ASX, while the Aussie dollar is boosted by jobs numbers.
Shares lost some steam to close only slightly higher, with big losses in Telstra and global uncertainty weighing on sentiment.
​After two days of conflicting statements and swelling outrage, United Airlines entered full-scale mea culpa mode.
The local sharemarket is set to open higher, with the 6000-point mark starting to come into sight.
The Australian dollar's 2017 surge appears to be at an end, with the currency rapidly falling in the past few weeks to dip below US75 cents earlier this week.
President Donald Trump said he won't brand China a currency manipulator and is open to Janet Yellen serving a second term.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7581 | 0.7578 | 0.0058rise | 0.77% rise |
AUD/EUR | 0.7126 | 0.7123 | 0.0074rise | 1.05% rise |
Updated: April 13, 2017 - 8:49PM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 4,749,174,528 | 2,112,977,393 | 1,032,465 |
Industrial | 3,360,571,937 | 716,392,226 | 796,988 |
Mining | 1,321,569,945 | 1,396,026,898 | 231,021 |
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 |
---|---|---|---|---|
RHS | REPRODUCTIVE HEALTH | 0.290rise | 0.075 | 0.075 |
SIE | SCIGEN LIMITED | 0.050rise | 0.027 | 0.029 |
MSI | MULTISTACK INTERNAT. | 0.020rise | 0.016 | 0.013 |
CLA | CELSIUS RESOURCE LTD | 0.053rise | 0.045 | 0.046 |
WHA | WATTLE HEALTH AU LTD | 0.430rise | 0.385 | 0.420 |
UPD | UPDATER INC | 0.770rise | 0.700 | 0.720 |
PEP | PEPPER GROUP LTD | 2.930rise | 2.700 | 2.900 |
LCT | LIVING CELL TECH. | 0.150rise | 0.140 | 0.130 |
ARA | ARIADNE AUSTRALIA | 0.790rise | 0.760 | 0.750 |
TWD | TAMAWOOD LIMITED | 4.110rise | 3.970 | 3.970 |
Updated: April 13, 2017 - 6:50PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
VOC | VOCUS GROUP LTD | 3.125fall | 3.790 | 4.130 |
HIL | HILLS LTD | 0.165fall | 0.195 | 0.210 |
TEN | TEN NETWORK HOLDINGS | 0.510fall | 0.560 | 0.520 |
TLS | TELSTRA CORPORATION. | 4.150fall | 4.550 | 4.500 |
PLS | PILBARA MIN LTD | 0.365fall | 0.400 | 0.412 |
RBL | REDBUBBLE LIMITED | 0.610fall | 0.665 | 0.660 |
MGP | MANAGED ACCOUNTS | 0.260fall | 0.280 | 0.280 |
OHE | ORION HEALTH GRP | 1.220fall | 1.300 | 1.760 |
MJP | MARTIN AIRCRAFT LTD | 0.093fall | 0.098 | 0.096 |
VTI | VISION TECH, INC | 0.400fall | 0.420 | 0.420 |
Updated: April 13, 2017 - 6:50PM |
Company | Security Code | Float date | Issue $ |
---|---|---|---|
Visioneering Technologies, Inc. | CTI | 27/03/2017 | 0.42 |
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 |
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 |
Save articles for later.
Subscribe for unlimited access to news. Login to save articles.
Return to the homepage by clicking on the site logo.