Markets Live: Commodities crash ASX party
![</p>](/web/20170506193804im_/http://www.smh.com.au/content/dam/images/g/v/y/g/o/y/image.related.landscape.120x80.gvyyir.png/1493965997682.jpg)
Steep gains in Telstra and Macquarie can't quite offset losses in miners following an overnight collapse in commodity prices.
Steep gains in Telstra and Macquarie can't quite offset losses in miners following an overnight collapse in commodity prices.
Major US stock indexes gained, with the S&P; 500 closing at a record high, as energy stocks rebounded with oil
Oil closed higher after assurances by Saudi Arabia that Russia is ready to join OPEC in extending supply cuts.
​Pierre Andurand, who runs a hedge fund specialising in oil, liquidated the fund's last long positions in oil a week ago.
Citigroup listed seven companies as potential takeover targets for Apple, as a way to put its cash hoard to work.
US payroll gains rebounded in April by more than forecast and the jobless rate unexpectedly fell to 4.4 per cent.
Iron ore's tough week has opened up a pathway for benchmark spot prices to drop back into the $US50s a tonne range.
Crude oil bounced back from its lowest level since November, while global stocks powered to fresh record highs.
A hefty slide in commodity prices as well as an abrupt end to the banking rally dashed hopes the benchmark index might scale the elusive 6000-point mark anytime soon.
Iron ore is in full-scale retreat, with futures in China plunging to end limit-down on investor concern about demand.
The local sharemarket is set to drift lower at the open, following global markets down as investor caution returned.
There are plenty of reasons why April's US jobs figures will be brighter - and continue to show a solid labour market.
The Australian dollar plunged overnight, caught by a hawkish Fed and sudden sharp selling in copper and iron ore.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7425 | 0.7418 | 0.0011rise | 0.15% rise |
AUD/EUR | 0.6754 | 0.6744 | 0.0000steady | 0.00% steady |
Updated: May 6, 2017 - 7:00AM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 5,932,191,597 | 1,985,818,770 | 1,227,925 |
Industrial | 4,668,796,911 | 875,905,391 | 995,033 |
Mining | 1,227,028,128 | 1,109,345,004 | 228,107 |
Code | Name | New Highs | Last Week | Last Month |
---|---|---|---|---|
ENX | ENEGEX LIMITED | 0.020rise | 0.011 | 0.011 |
KRL | KANGAROO RES LTD | 0.039rise | 0.025 | 0.025 |
KEY | KEY PETROLEUM | 0.008rise | 0.006 | 0.007 |
AFR | AFRICAN ENERGY RES | 0.065rise | 0.053 | 0.053 |
CTD | CORP TRAVEL LIMITED | 23.870rise | 20.870 | 20.870 |
BIG | BIG UN LTD | 0.745rise | 0.660 | 0.660 |
DNA | DONACO INTERNATIONAL | 0.550rise | 0.500 | 0.505 |
QAN | QANTAS AIRWAYS | 4.550rise | 4.245 | 4.245 |
ALL | ARISTOCRAT LEISURE | 21.120rise | 19.880 | 19.880 |
IBC | IRONBARK CAPITAL LTD | 0.520rise | 0.490 | 0.500 |
Updated: May 5, 2017 - 6:50PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
AYM | AUSTRALIA UNITED MIN | 0.001fall | 0.004 | 0.004 |
SBI | STERLING PLANTATIONS | 0.008fall | 0.018 | 0.018 |
SRN | SUREFIRE RESCS NL | 0.001fall | 0.002 | 0.001 |
MXR | MAXIMUS RESOURCES | 0.001fall | 0.002 | 0.002 |
PGY | PILOT ENERGY LTD | 0.001fall | 0.002 | 0.001 |
MRG | MURRAY RIVER GRP | 0.560fall | 1.100 | 1.100 |
EMX | ENERGIA MINERALS LTD | 0.020fall | 0.039 | 0.038 |
CLY | CLANCY EXPLORATION | 0.002fall | 0.003 | 0.002 |
IVX | INVION LTD | 0.002fall | 0.003 | 0.002 |
TSN | TRANSACTION LTD | 0.011fall | 0.016 | 0.016 |
Updated: May 5, 2017 - 4:11PM |
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 |
Manuka Resources Ltd | MKR | 17/05/2017 | 0.20 |
MSL Solutions Limited | MPW | 04/05/2017 | 0.25 |
Oceania Healthcare Limited | OCA | 05/05/2017 | 0.79 |
Takor Group Ltd | TKO | 15/05/2017 | 0.20 |
Save articles for later.
Subscribe for unlimited access to news. Login to save articles.
Return to the homepage by clicking on the site logo.