Markets Live: ASX yo-yos towards 6000
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Fluctuating interest in the big banks explained an up-and-down session on the ASX, but in the end investors shook off a shaky start to push firmly higher.
Fluctuating interest in the big banks explained an up-and-down session on the ASX, but in the end investors shook off a shaky start to push firmly higher.
Investors wiped $200 million off the company's value - after they read page 107 of a 110 page presentation.
The ASX shrugged off a lacklustre start to rise strongly on a US spending deal that sent Wall Street futures higher.
If the Reserve Bank was still retaining its narrow focus on keeping inflation between 2 and 3 per cent per annum, it would be cutting interest rates at its May meeting on Tuesday.
Alphabet Inc. can't seem to stop heaping massive pay packages on Google's Sundar Pichai.
Market commentators tend to say "this is a big week for markets" and that usually is heralds a potentially volatility inspiring event at the heart of the concern. However, this week really has it all and there is something for everyone.
Friday's weaker-than-expected US GDP figure has firmed forecasts that the US Federal Reserve will not lift interest rates at its May meeting on Thursday morning.
Despite setbacks and stumbles, global markets have retained a bullish bid since Donald Trump took the oath of office.
US stocks edged lower after data showing the US economy grew at its weakest pace in three years in the first quarter.
Mario Draghi's job of maintaining a sense of economic caution is already getting a little trickier.
The US economy expanded at an annual rate of only 0.7 per cent in the first quarter. But no one is panic mode — yet.
Corporate earnings kept investors busy, giving the local sharemarket a boost of over 1 per cent for the week.
Perceived as the riskiest currency on the planet until Sunday's French election, the euro is suddenly everyone's favourite.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7495 | 0.7492 | 0.0008rise | 0.11% rise |
AUD/EUR | 0.6884 | 0.6879 | 0.0040rise | 0.58% rise |
Updated: May 1, 2017 - 5:20PM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 4,940,553,105 | 1,840,892,410 | 966,435 |
Industrial | 4,060,861,087 | 876,353,423 | 800,688 |
Mining | 846,919,760 | 964,225,148 | 162,446 |
Code | Name | New Highs | Last Week | Last Month |
---|---|---|---|---|
IMC | IMMURON LIMITED | 0.650rise | 0.590 | 0.590 |
PAC | PACIFIC GRP LTD | 5.540rise | 5.190 | 5.190 |
NSX | NSX LIMITED | 0.315rise | 0.300 | 0.300 |
AUF | ASIAN MASTERS FUND | 1.380rise | 1.330 | 1.330 |
API | AUSTRALIAN PHARM. | 2.310rise | 2.230 | 2.230 |
CSR | CSR LIMITED | 5.130rise | 4.960 | 4.960 |
SM1 | SYNLAIT MILK LTD | 3.400rise | 3.300 | 3.300 |
BTT | BT INVESTMENT MNGMNT | 12.280rise | 11.980 | 11.980 |
QAN | QANTAS AIRWAYS | 4.350rise | 4.245 | 4.245 |
GWA | GWA GROUP LTD | 3.190rise | 3.130 | 3.130 |
Updated: May 1, 2017 - 4:31PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
PCL | PANCONTINENTAL OIL | 0.001fall | 0.002 | 0.002 |
KBU | KABUNI LTD | 0.008fall | 0.012 | 0.012 |
RCG | RCG CORPORATION LTD | 0.597fall | 0.815 | 0.815 |
TSN | TRANSACTION LTD | 0.012fall | 0.016 | 0.016 |
GGE | GRAND GULF ENERGY | 0.003fall | 0.004 | 0.004 |
CZL | CONS ZINC LTD | 0.017fall | 0.021 | 0.018 |
SXA | STRATA-X ENERGY LTD | 0.035fall | 0.043 | 0.039 |
UNL | UNITED NETWORKS LTD | 0.115fall | 0.140 | 0.140 |
SBB | SUNBRIDGE GROUP LTD | 0.010fall | 0.012 | 0.012 |
MRQ | MRG METALS LIMITED | 0.010fall | 0.012 | 0.012 |
Updated: May 1, 2017 - 4:19PM |
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 |
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