Business

Movers

Markets Live: Confidence test

</p>

Shares are set for an uncertain start after a subdued night on Wall St, as investors looks towards key wage growth and consumer confidence data.

Wesfarmers shelves Officeworks IPO

An IPO of Officeworks wouldn't be in shareholders' best interests, Wesfarmers says.

Wesfarmers has shelved plans to spin off its stationary and office supplies chain Officeworks into a separately listed company, citing "current equity market conditions".

8@eight: Aussie dollar in focus

Investors are playing it safe.

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.

Euro nears 8-month high v $A

The euro also advanced against the Australian dollar, up 0.8 per cent to $US1.49246, near an eight-month high.

The euro surged more than 1 per cent v the $US, to its highest level since Donald Trump was elected US president in November.

Free market trumps OPEC policy

Shale drilling has become increasingly profitable since oil prices largely stabilised above $US50 a barrel at the ...

OPEC's policy manipulation is no match for sheer market forces, say analysts, as US shale producers continue to ramp up production.

Advertisement
Distaste for the banks eased in the early afternoon and appetite for industrials and mining stocks kept the ASX clawing ...

Banks help ASX claw higher

A turnaround in appetite for banking stocks helped the ASX claw into the black on Tuesday, after a midday lull.

Currencies

The euro also advanced against the Australian dollar, up 0.8 per cent to $US1.49246, near an eight-month high.

Euro nears 8-month high v $A

The euro surged more than 1 per cent v the $US, to its highest level since Donald Trump was elected US president in November.

Wholesale Interbank Rates
Currencies Buys ($AU1) Sells ($AU1) $ Mvmt % Mvmt
AUD/USD 0.743 0.7427 0.0001rise 0.01% rise
AUD/EUR 0.6701 0.6696 -0.0004fall -0.06% fall
Updated: May 17, 2017 - 9:30AM

Market Details

Volatility S&P;/ASX 200 VIX
Price
11.94
Change in
0.0980rise
Percentage up/down
(0.83%) rise
Today's market compared to previous close
Turnover
Sector Turnover ($AU) Volume Trades
Market total 5,377,680,002 1,632,142,688 1,119,339
Industrial 4,421,253,291 892,263,873 941,315
Mining 935,804,158 739,616,341 174,549
Last updated: May 16, 2017 - 5:55PM

ASX - 52 Weeks Highs

Code Name New Highs Last Week Last Month
OXX OCTANEX LTD 0.145rise 0.070 0.060
SIE SCIGEN LIMITED 0.070rise 0.055 0.055
AGY ARGOSY MINERALS LTD 0.096rise 0.082 0.090
PAR PARADIGM BIO. 0.640rise 0.550 0.610
KEY KEY PETROLEUM 0.009rise 0.008 0.007
MDL MINERAL DEPOSITS 0.610rise 0.550 0.595
MLB MELBOURNE IT LIMITED 2.600rise 2.410 2.303
LOV LOVISA HOLDINGS LTD 4.160rise 3.890 3.630
AUB AUB GROUP LTD 13.500rise 12.690 12.500
SSM SERVICE STREAM 1.365rise 1.300 1.280
Updated: May 16, 2017 - 6:50PM

ASX - 52 Weeks Lows

Code Name New Lows Last Week Last Month
BD1 BARD1 LIFE SCIENCES 0.014fall 0.027 0.029
FFG FATFISH INTERNET GRP 0.015fall 0.025 0.028
SER STRATEGIC ENERGY 0.007fall 0.011 0.011
DCL DOMACOM LIMITED 0.100fall 0.135 0.150
GGE GRAND GULF ENERGY 0.003fall 0.004 0.004
SIT SITE GROUP INT LTD 0.060fall 0.080 0.086
KSL KINA SECURITIES LTD 0.700fall 0.910 0.920
BIQ BUILDINGIQ, INC 0.045fall 0.058 0.060
SUR SUN RESOURCES NL 0.004fall 0.005 0.006
ZYB ZYBER HOLDINGS LTD 0.005fall 0.006 0.006
Updated: May 16, 2017 - 4:11PM

Floats & IPOs

Upcoming IPOs
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