Markets Live: Investors dump ANZ
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.
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.
Disappointing ANZ earnings triggered a sell-off in the big banks on Tuesday, but gains in property trusts helped limit the losses.
If investors are counting on the banks to help take the index over the 6000 line, they may be disappointed.
Analysts are optimistic another OPEC production cut agreement will eventuate but the prospect of surging shale activity in the US has investors wary.
Oil closed at the lowest in more than a month as Libyan output surged, and Saudi Arabia cut prices to Asian customers.
Janet Yellen will have to clear ever higher hurdles if she wants to pare in an "orderly' way the Fed's $US4.5t balance sheet.
The Australian dollar advanced overnight on expectations that the RBA will signal rates are more likely to rise than fall.
The companies have vast networks of complementary products that feed off one another to generate more sales, making it ever harder for competitors to keep up.
The local sharemarket is due to open higher as it moves towards 6000 territory, with ANZ results to set the tone.
Twitter's shares rose 6 per cent on Monday after a report that the company is partnering with Bloomberg for streaming news, marking the stock's third straight day of gains following strong results last week.
While US stocks surged higher in April, the mood in markets was not as ebullient as the numbers would have you believe.
Treasury Secretary Steven Mnuchin said US economic growth of 3 per cent is achievable in the next two years.
The Australian dollar advanced overnight on expectations that the RBA will signal rates are more likely to rise than fall.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7514 | 0.7513 | -0.0010fall | -0.13% fall |
AUD/EUR | 0.6885 | 0.6884 | -0.0019fall | -0.28% fall |
Updated: May 2, 2017 - 10:50PM |
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 |
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 - 6:50PM |
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 - 6:50PM |
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 |
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