Markets Live: Buy the dip
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Shares are set for another positive start as commodity prices push higher and investors continue to regain their poise following last week's drama.
Shares are set for another positive start as commodity prices push higher and investors continue to regain their poise following last week's drama.
There hasn't been a huge amount of key note stories to drive and perhaps that's a reflection of Donald Trump not influencing markets in the way we have become quite accustomed to.
​The US dollar fell to a more than six-month low against a basket of currencies, reflecting in part a resurgence in the euro.
​Oil prices rose to their highest levels in more than a month, on bets that top exporters would agree to extend supply curbs.
The record heap of iron ore on China's doorstep just got even bigger.
Resource stocks surged on Monday, providing the local sharemarket with a solid start following last week's slide.
For local funds, investors and corporate advisers making returns off activist tactics, Elliott Associates is a welcome affirmation of the style they've been extolling for years.
After its worst weekly performance of the year, we find the ASX 200 staring at an open at 5746.
Optimism washed through commodities over the weekend, setting the stage for a higher opening for the ASX.
It might not feel that comfortable amid recent price declines, but resources still look like the best option for Australian sharemarket investors.
Financial markets ended a volatile week with a final bout of turbulence as Donald Trump's political troubles intensified.
Tech stocks are on fire and the Nasdaq is on pace for a stunning 75 per cent gain for the year.
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 | 0.7475 | 0.7471 | -0.0004fall | -0.05% fall |
AUD/EUR | 0.6649 | 0.6643 | -0.0007fall | -0.11% fall |
Updated: May 23, 2017 - 10:19AM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 418,004,356 | 248,770,735 | 95,383 |
Industrial | 323,279,243 | 74,362,166 | 75,820 |
Mining | 94,133,367 | 174,395,523 | 19,344 |
Code | Name | New Highs | Last Week | Last Month |
---|---|---|---|---|
DRG | DRAIG RESOURCES LTD | 0.061rise | 0.049 | 0.038 |
OLH | OLDFIELDS HOLDINGS | 0.040rise | 0.035 | 0.037 |
SSM | SERVICE STREAM | 1.450rise | 1.400 | 1.280 |
ELD | ELDERS LIMITED | 4.900rise | 4.750 | 4.550 |
EMF | EMERGING MASTER FUND | 2.000rise | 1.960 | 1.890 |
AQZ | ALLIANCE AVIATION | 0.900rise | 0.890 | 0.710 |
AIZ | AIR NEW ZEALAND | 2.700rise | 2.680 | 2.370 |
GMG | GOODMAN GROUP | 8.445rise | 8.440 | 8.350 |
Updated: May 23, 2017 - 10:25AM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
PPY | PAPYRUS AUSTRALIA | 0.004fall | 0.005 | 0.005 |
ECG | ECARGO HLDG | 0.065fall | 0.075 | 0.085 |
SYA | SAYONA MINING LTD | 0.017fall | 0.019 | 0.019 |
BRC | BRAIN RESOURCE LTD | 0.060fall | 0.065 | 0.065 |
SRI | SIPA RESOURCES LTD | 0.013fall | 0.014 | 0.014 |
ADH | ADAIRS LIMITED | 0.710fall | 0.750 | 0.835 |
CAT | CATAPULT GRP INT LTD | 1.830fall | 1.880 | 2.000 |
Updated: May 23, 2017 - 10:25AM |
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 |
Golden Mile Resources Ltd | G88 | 29/05/2017 | 0.20 |
Imagion Biosystems Limited | IBX | 30/05/2017 | 0.20 |
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