Markets Live: Commodities crash ASX party
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.
Local shares are poised to start the week sharply higher, after Wall Street's S&P; 500 index closed at a record high, paced by energy stocks.
A likely improvement in the budget outlook should keep the rating agencies at bay, despite more spending for infrastructure.
The iron ore price plunged to its lowest since October but a late rebound in futures raised hopes the savage sell-off may have ended, for now.
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 $US50s a tonne range.
Crude oil bounced back from its lowest level since November, while global stocks powered to fresh record highs.
A hefty slide in commodity prices as well as an abrupt end to the banking rally dashed hopes the benchmark index might scale the elusive 6000-point mark anytime soon.
The Australian dollar plunged overnight, caught by a hawkish Fed and sudden sharp selling in copper and iron ore.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7418 | 0.741 | -0.0008fall | -0.11% fall |
AUD/EUR | 0.6734 | 0.6723 | -0.0006fall | -0.09% fall |
Updated: May 8, 2017 - 5:59AM |
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 |
---|---|---|---|---|
AFR | AFRICAN ENERGY RES | 0.065rise | 0.065 | 0.053 |
AIZ | AIR NEW ZEALAND | 2.505rise | 2.505 | 2.370 |
ALL | ARISTOCRAT LEISURE | 21.120rise | 21.120 | 19.880 |
BIG | BIG UN LTD | 0.745rise | 0.745 | 0.660 |
BRI | BIG RIV INDUST LTD | 1.650rise | 1.650 | 0.000 |
CAN | CANN GROUP LTD | 0.820rise | 0.820 | 0.000 |
CNI | CENTURIA CAPITAL | 1.250rise | 1.250 | 1.250 |
COH | COCHLEAR LIMITED | 145.010rise | 145.010 | 140.720 |
CSL | CSL LIMITED | 134.330rise | 134.330 | 132.980 |
CTD | CORP TRAVEL LIMITED | 23.870rise | 23.870 | 20.870 |
Updated: May 5, 2017 - 6:50PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
AB1 | ANIMOCA BRANDS CORP | 0.027fall | 0.027 | 0.031 |
ACG | ATCOR MEDICAL | 0.055fall | 0.055 | 0.055 |
ACR | ACRUX LIMITED | 0.255fall | 0.255 | 0.265 |
ADO | ANTEO DIAGNOSTICS | 0.030fall | 0.030 | 0.031 |
ALF | AUSTRALIAN LEADERS | 1.230fall | 1.230 | 1.230 |
ALT | ANALYTICA LIMITED | 0.005fall | 0.005 | 0.005 |
AOK | AUSTEX OIL LIMITED | 0.025fall | 0.025 | 0.025 |
APE | A.P. EAGERS LIMITED | 7.940fall | 7.940 | 7.940 |
APN | APN NEWS & MEDIA | 2.310fall | 2.310 | 2.440 |
ASG | AUTOSPORTS GRP LTD. | 2.010fall | 2.010 | 2.280 |
Updated: May 5, 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 |
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 |
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