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Movers

Markets Live: Investors dump ANZ

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An afternoon rally driven by bargain-hunting in the big banks following ANZ's poor earnings result helped almost erase early losses, as the RBA holds rates.

ASX eases as ANZ spooks investors

Balancing the bank drag were strong lifts in a number of large-cap listed property trusts.

Disappointing ANZ earnings triggered a sell-off in the big banks on Tuesday, but gains in property trusts helped limit the losses.

Oil tumbles to month low

Libya is pumping oil at the highest rate since December 2014, Mustafa Sanalla, chairman of the National Oil Corp, said.

Oil closed at the lowest in more than a month as Libyan output surged, and Saudi Arabia cut prices to Asian customers.

Fed's balance sheet challenge

Policy makers probably will deepen their discussion about when and how to pare the central bank's big bond holdings at a ...

Janet Yellen will have to clear ever higher hurdles if she wants to pare in an "orderly' way the Fed's $US4.5t balance sheet.

$A back above US75¢

The Aussie was up 0.5 per cent to US75.23¢ in early trading in Australia. It spiked as high as US75.40¢ earlier this morning.

The Australian dollar advanced overnight on expectations that the RBA will signal rates are more likely to rise than fall.

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Investors are playing it safe.

8@eight: 6000 on the radar

The local sharemarket is due to open higher as it moves towards 6000 territory, with ANZ results to set the tone.

To sustain further gains, potential potholes (the French elections, for example) need to be sidestepped and further ...

El-Erian's four key events

While US stocks surged higher in April, the mood in markets was not as ebullient as the numbers would have you believe.

Mnuchin quipped that many at the conference had him to thank for the surge in bank stocks that have helped lift their ...

Mnuchin sees 3pc US growth

Treasury Secretary Steven Mnuchin said US economic growth of 3 per cent is achievable in the next two years.

Currencies

The Aussie was up 0.5 per cent to US75.23¢ in early trading in Australia. It spiked as high as US75.40¢ earlier this morning.

$A back above US75¢

The Australian dollar advanced overnight on expectations that the RBA will signal rates are more likely to rise than fall.

Wholesale Interbank Rates
Currencies Buys ($AU1) Sells ($AU1) $ Mvmt % Mvmt
AUD/USD 0.7527 0.7524 0.0001rise 0.01% rise
AUD/EUR 0.69 0.6895 -0.0008fall -0.12% fall
Updated: May 2, 2017 - 5:49PM

Market Details

Volatility S&P;/ASX 200 VIX
Price
11.41
Change in
0.1210rise
Percentage up/down
(1.07%) rise
Today's market compared to previous close
Turnover
Sector Turnover ($AU) Volume Trades
Market total 5,718,897,270 2,415,595,054 1,133,557
Industrial 4,633,967,354 933,591,493 940,026
Mining 1,045,278,819 1,481,574,551 189,917
Last updated: May 2, 2017 - 5:14PM

ASX - 52 Weeks Highs

Code Name New Highs Last Week Last Month
AEB ALGAE.TEC LIMITED 0.080rise 0.050 0.055
GSC GLOBAL GEOSCIENCE 0.205rise 0.170 0.190
BNR BULLETIN RES LTD 0.040rise 0.034 0.039
IMC IMMURON LIMITED 0.670rise 0.590 0.590
PHK PHOSLOCK WATER 0.130rise 0.115 0.125
PAC PACIFIC GRP LTD 5.710rise 5.190 5.190
SM1 SYNLAIT MILK LTD 3.550rise 3.300 3.300
API AUSTRALIAN PHARM. 2.370rise 2.230 2.230
GTK GENTRACK GROUP LTD 4.350rise 4.110 4.110
AJD ASIA PACIFIC DATA 1.695rise 1.605 1.605
Updated: May 2, 2017 - 4:55PM

ASX - 52 Weeks Lows

Code Name New Lows Last Week Last Month
KTE K2 ENERGY LTD 0.010fall 0.016 0.016
BEE BROO LTD 0.205fall 0.280 0.280
RFN REFFIND LIMITED 0.015fall 0.020 0.020
LSH LIFESPOT HEALTH LTD 0.190fall 0.250 0.250
BLK BLACKHAM RESOURCES 0.270fall 0.355 0.355
SXA STRATA-X ENERGY LTD 0.034fall 0.043 0.039
LER LEAF RES LTD 0.090fall 0.110 0.110
UUV UUV AQUABOTIX LTD 0.160fall 0.195 0.195
SUR SUN RESOURCES NL 0.005fall 0.006 0.006
LIT LITHIUM AUSTRALIA NL 0.105fall 0.125 0.125
Updated: May 2, 2017 - 4:16PM

Floats & IPOs

Upcoming IPOs
Company Security Code Float date Issue $
Alderan Resources Limited AL8 29/05/2017 0.20
Biomics Biopharma Limited BBM 02/06/2017 0.20
Benjamin Hornigold Limited BHD 10/05/2017 1.00
Bingo Industries Limited BIN 03/05/2017 1.80
Eagle Health Holdings Limited EHH 29/06/2017 0.40
Elsight Limited ELS 19/05/2017 0.20
Morphic Ethical Equities Fund Limited MEC 03/05/2017 1.10
Manuka Resources Ltd MKR 17/05/2017 0.20
MSL Solutions Limited MPW 04/05/2017 0.25
Takor Group Ltd TKO 15/05/2017 0.20