Markets Live: Confidence test as banks drop
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Renewed selling in the major banks led a broad and savage sell-off on the ASX, as investors mulled uninspiring wage growth data and climbing US political risks.
Renewed selling in the major banks led a broad and savage sell-off on the ASX, as investors mulled uninspiring wage growth data and climbing US political risks.
The US jobless rate is "about as low as it can go", former Federal Reserve chairman Ben Bernanke said.
Report of Donald Trump interfering with a federal investigation sets off alarm bells on Wall Street
Spot gold rose for a fifth day as investors rethink the outlook for the pace of US interest rate increases.
Active fund managers are warning that the rise of passive investment will make sharemarkets less efficient at rewarding good companies but this is not expected to happen for a while.
Major banks led a savage sell-off on the ASX, as investors fretted over record low wage growth and the growing threat of US political risks.
Good performance, mediocre results or even downright ugly returns. When it comes to hedge funds, it scarcely matters. The 25 best-paid hedge fund managers earned a collective $14.8 billion last year.
Wesfarmers has shelved plans to spin off its stationery and office supplies chain Officeworks into a separately listed company.
Gold and the companies that produce it were back in favour with some of the world's top fund managers last quarter.
It's been a big night for the USD, but the focus sharply turns to the AUD, with consumer confidence and wage data out this morning while the ASX is due for a flat open.
The euro surged more than 1 per cent v the $US, to its highest level since Donald Trump was elected US president in November.
France received more than €31 billion of orders for a new 30-year bond overnight, highlighting the Macron effect.
The euro surged more than 1 per cent v the $US, to its highest level since Donald Trump was elected US president in November.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7434 | 0.7432 | 0.0001rise | 0.01% rise |
AUD/EUR | 0.6661 | 0.6657 | 0.0002rise | 0.03% rise |
Updated: May 18, 2017 - 7:30AM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 5,087,271,080 | 1,760,486,132 | 1,180,330 |
Industrial | 4,071,784,470 | 763,563,033 | 980,261 |
Mining | 982,433,599 | 996,575,590 | 193,897 |
Code | Name | New Highs | Last Week | Last Month |
---|---|---|---|---|
AGY | ARGOSY MINERALS LTD | 0.105rise | 0.082 | 0.090 |
CL8 | COLLABORATE CORP | 0.043rise | 0.034 | 0.035 |
PAR | PARADIGM BIO. | 0.670rise | 0.550 | 0.610 |
AYH | AMYF TWO LTD | 1.400rise | 1.168 | 1.168 |
KEY | KEY PETROLEUM | 0.009rise | 0.008 | 0.007 |
GMV | G MEDICAL | 0.190rise | 0.170 | 0.000 |
CDA | CODAN LIMITED | 2.490rise | 2.250 | 2.270 |
BBL | BRISBANE BRONCOS | 0.495rise | 0.460 | 0.480 |
BIG | BIG UN LTD | 0.790rise | 0.740 | 0.660 |
SSM | SERVICE STREAM | 1.365rise | 1.300 | 1.280 |
Updated: May 17, 2017 - 6:50PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
BD1 | BARD1 LIFE SCIENCES | 0.012fall | 0.027 | 0.029 |
VTG | VITA GROUP LTD | 0.790fall | 1.450 | 2.150 |
SUM | SUMATRA COPPER&GOLD; | 0.010fall | 0.015 | 0.019 |
RFN | REFFIND LIMITED | 0.010fall | 0.014 | 0.020 |
ACP | AUDALIA RES LTD | 0.020fall | 0.027 | 0.027 |
ORL | OROTONGROUP LIMITED | 1.000fall | 1.325 | 1.400 |
SUR | SUN RESOURCES NL | 0.004fall | 0.005 | 0.006 |
YHL | YANGHAO INT LTD | 0.025fall | 0.030 | 0.160 |
ZYB | ZYBER HOLDINGS LTD | 0.005fall | 0.006 | 0.006 |
FUN | FUNTASTIC LIMITED | 0.005fall | 0.006 | 0.005 |
Updated: May 17, 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 |
Bryah Resources Limited | BYH | 31/05/2017 | 0.20 |
Contango Global Growth Limited | CQG | 23/06/2017 | 1.10 |
Eagle Health Holdings Limited | EHH | 29/06/2017 | 0.40 |
Elsight Limited | ELS | 19/05/2017 | 0.20 |
Golden Mile Resources Ltd | G88 | 29/05/2017 | 0.20 |
Manuka Resources Ltd | MKR | 17/05/2017 | 0.20 |
Macarthur Australia Limited | MMM | 17/05/2017 | 0.20 |
Takor Group Ltd | TKO | 15/05/2017 | 0.20 |
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