Markets Live: Banks fight back
The big banks have trimmed early sharp losses on fears the new tax will hit them hard, helping to push the overall market into the black.
The big banks have trimmed early sharp losses on fears the new tax will hit them hard, helping to push the overall market into the black.
The Australian dollar may soon fall below US73¢, caught in a downdraft of weakening commodity prices and US rate hike bets.
The political pressure on the banking pressure means Australia's big four banks may have no choice but to pass on the impact of an 0.06 per cent tax on liabilities to investors.
Concerns that the home building boom may have peaked saw shares in CSR sink on Wednesday.
Banks are one of the biggest losers of the federal budget, but most of the damage to their shares is already done. Other winners and losers.
Bitcoin hit a record high overnight on the creation of new tokens to raise funding for start-ups using blockchain technology.
The local sharemarket is set to drift lower at the open, following global markets down as investor caution returned.
The Bank of England is likely to lift its inflation outlook, yet downplay expectations for a rate increase anytime soon.
For the first time in 29 years, global harvests of corn, soybeans and wheat are poised to fall simultaneously.
The S&P; 500 fell after edging up to an intra-day record high for the second straight session. Apple tops $US800 billion mark.
Oil prices fell, rattled by concern over slowing demand, a rising US dollar and increasing US crude output.
Raw materials perform best when the US central bank is hiking rates, according to Goldman Sachs.
The Australian dollar plunged overnight, caught by a hawkish Fed and sudden sharp selling in copper and iron ore.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7366 | 0.7362 | 0.0018rise | 0.25% rise |
AUD/EUR | 0.6765 | 0.676 | 0.0008rise | 0.12% rise |
Updated: May 10, 2017 - 4:29PM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 6,674,220,869 | 1,966,164,754 | 1,388,128 |
Industrial | 5,549,954,094 | 912,829,650 | 1,171,606 |
Mining | 1,088,143,057 | 1,052,851,935 | 212,128 |
Code | Name | New Highs | Last Week | Last Month |
---|---|---|---|---|
BOC | BOUGAINVILLE COPPER | 0.315rise | 0.240 | 0.200 |
BUX | BUXTON RESOURCES LTD | 0.295rise | 0.255 | 0.250 |
UUL | ULTIMA UTD LTD | 0.050rise | 0.044 | 0.044 |
KIN | KIN MIN NL | 0.450rise | 0.400 | 0.405 |
ACK | AUSTOCK GROUP LTD | 0.750rise | 0.680 | 0.610 |
ITD | ITL LIMITED | 0.660rise | 0.605 | 0.620 |
AFR | AFRICAN ENERGY RES | 0.070rise | 0.065 | 0.053 |
A2M | THE A2 MILK COMPANY | 3.480rise | 3.250 | 3.295 |
WEB | WEBJET LIMITED | 12.650rise | 11.865 | 11.680 |
QAN | QANTAS AIRWAYS | 4.850rise | 4.550 | 4.245 |
Updated: May 10, 2017 - 4:20PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
QIN | QUINTIS LTD | 0.585fall | 1.040 | 1.045 |
IDZ | INDOOR SKYDIVE AUST | 0.190fall | 0.300 | 0.300 |
HMO | HEARMEOUT LTD | 0.090fall | 0.125 | 0.130 |
SGU | SUCCESS GLOBAL MEDIA | 0.034fall | 0.045 | 0.045 |
TB8 | TIANMEI BG CORP LTD | 0.080fall | 0.100 | 0.095 |
CVT | COVATA LTD | 0.028fall | 0.035 | 0.035 |
DTS | DRAGONTAIL SYSTEMS | 0.190fall | 0.230 | 0.215 |
WCN | WHITE CLIFF MIN LTD | 0.005fall | 0.006 | 0.006 |
HRR | HERON RESOURCES | 0.078fall | 0.091 | 0.090 |
SMN | STRUCTURAL MONITOR. | 0.950fall | 1.105 | 1.190 |
Updated: May 10, 2017 - 4:21PM |
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 |
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 |
Takor Group Ltd | TKO | 15/05/2017 | 0.20 |
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