Markets Live: Investors cheer France
![Campaign buttons for Emmanuel Macron, French presidential candidate who is now expected to be the country's next leader.](/web/20170425035635im_/http://www.smh.com.au/content/dam/images/g/u/i/c/g/b/image.related.landscape.120x80.gvqycu.png/1493016583951.jpg)
ASX starts the week on the front foot after France's first round of presidential polling produces a market-friendly result, which helped push the euro to a five-month high.
ASX starts the week on the front foot after France's first round of presidential polling produces a market-friendly result, which helped push the euro to a five-month high.
Scrutiny is mounting after a corn oil producer guaranteed debt of a neighbouring aluminium product manufacturer.
President Donald Trump will call for lowering the corporate rate to 15 per cent, a promise he made during his campaign.
US stocks rallied on Monday, tracking a relief rally that swept through Asian and European markets, after centrist candidate and market favourite Emmanuel Macron won the first round of the French presidential election.
De Beers went on a selling spree in the first quarter after India torpedoed demand abolishing large-denomination banknotes.
The Swedish central bank could soon declare victory in its fight to revive inflation.
Iron ore is destined to retreat back below $US50 a tonne next year as supplies go on rising, says Westpac's Justin Smirk.
French yields fell to multi-month lows and the premium investors demand to hold French over German debt shrank sharply.
ASX starts the week on the front foot after France's first round of presidential polling produces a market-friendly result, which helped push the euro to a five-month high.
European shares rallied, banks soared, and French blue-chips briefly hit a nine-year high after France's presidential election sparked a rush to risky assets.
​Copper rose as the French presidential election results. However, the red metal remains vulnerable to a correction.
Shares started a shortened week on the front foot, buoyed by Sunday's French election round one results, though a slipping iron ore price weighed on miners.
The peaking of China's nominal growth cycle should lead Australian investors to favour defensive, locally-focused sectors, according to Bank of America Merrill Lynch.
The euro surged higher after early results showed Emmanuel Macron and Marine Le Pen will battle for the French presidency.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7558 | 0.7556 | -0.0010fall | -0.13% fall |
AUD/EUR | 0.6959 | 0.6956 | -0.0006fall | -0.09% fall |
Updated: April 25, 2017 - 1:49PM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 3,604,807,411 | 1,626,855,847 | 963,200 |
Industrial | 2,806,468,220 | 603,323,818 | 783,578 |
Mining | 723,222,551 | 1,023,036,081 | 174,307 |
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 |
---|---|---|---|---|
BDI | BLINA MINERALS NL | 0.002rise | 0.001 | 0.001 |
MRV | MORETON RESOURCES | 0.009rise | 0.008 | 0.006 |
AQX | ALICE QUEEN LTD | 0.056rise | 0.050 | 0.047 |
OXX | OCTANEX LTD | 0.060rise | 0.055 | 0.048 |
PGS | PLANET GAS LTD | 0.014rise | 0.013 | 0.012 |
IMC | IMMURON LIMITED | 0.510rise | 0.480 | 0.435 |
SE1 | SENSERA LTD | 0.470rise | 0.450 | 0.380 |
HML | HENRY MORGAN LIMITED | 1.785rise | 1.710 | 1.710 |
KRL | KANGAROO RES LTD | 0.024rise | 0.023 | 0.012 |
IEU | ISHS EUROPE ETF | 57.710rise | 55.450 | 55.310 |
Updated: April 24, 2017 - 6:50PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
ACS | ACCENT RESOURCES NL | 0.030fall | 0.055 | 0.055 |
ALT | ANALYTICA LIMITED | 0.005fall | 0.006 | 0.005 |
FUN | FUNTASTIC LIMITED | 0.005fall | 0.006 | 0.006 |
PPY | PAPYRUS AUSTRALIA | 0.005fall | 0.006 | 0.005 |
M7T | MACH7 TECH LIMITED | 0.230fall | 0.270 | 0.280 |
WCN | WHITE CLIFF MIN LTD | 0.006fall | 0.007 | 0.007 |
AHL | AHALIFE HOLDINGS LTD | 0.035fall | 0.040 | 0.035 |
MTL | MANALTO LTD | 0.015fall | 0.017 | 0.019 |
HWK | HAWKSTONE MNG LTD | 0.013fall | 0.014 | 0.014 |
STL | STARGROUP LTD | 0.029fall | 0.031 | 0.030 |
Updated: April 24, 2017 - 6:50PM |
Company | Security Code | Float date | Issue $ |
---|---|---|---|
Bigtincan Holdings Limited | BTH | 24/03/2017 | 0.26 |
Visioneering Technologies, Inc. | CTI | 27/03/2017 | 0.42 |
De.mem Limited | DEM | 21/03/2017 | 0.20 |
Fat Prophets Global Contrarian Fund Limited | FPC | 22/03/2017 | 1.10 |
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 |
Marquee Resources Limited | MQR | 15/03/2017 | 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 |
Todd River Resources Limited | TRT | 24/03/2017 | 0.20 |
URB Investments Limited | URB | 07/04/2017 | 1.10 |
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