Markets Live: Banks push ASX higher
Shares eke out some gains, thanks to a small boost from better than expected Chinese data, but the ASX remains on track for an awful monthly performance.
Shares eke out some gains, thanks to a small boost from better than expected Chinese data, but the ASX remains on track for an awful monthly performance.
While a rate hike in the US next month is all but assured, investors are wary of making bets about a September one too.
The old adage to 'sell in May and go away' proved prescient in 2017, with the S&P;/ASX200 dropping over 3 per cent.
New Zealand's central bank said risks to the nation's financial system have receded after house-price inflation slowed.
For some the idea of turning the page and closing what has been a fairly bleak month to be long the Aussie equity market will be welcomed. That being said, being long certain industrial and telco names has seen strong outperformance in the portfolio.
​On Monday, Amazon.com's share price briefly crossed the $US1,000 mark for the first time in its 20-year history as a publicly traded company.
The US economic outlook is looking worse because of uncertainty over President Donald Trump's pro-growth agenda.
Federal Reserve governor Lael Brainard said soft inflation could cause her to reassess the path forward for monetary policy.
After a miserable morning, the ASX enjoyed a 40-point rally, led by banks and miners.
The Altair CIO's bold decision to liquidate his Australian shares funds is highly contrarian. But his view that not all is well on the ASX is not.
Pressure is building for the lucky country.
Was Philip Parker's decision to get out of the market a principled and brave decision, a cop-out, or something else altogether?
The Australian dollar may fall below US70¢ by year end as one of its key drivers, the Aussie-US bond spread, dwindles to almost zero.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7459 | 0.7451 | -0.0013fall | -0.17% fall |
AUD/EUR | 0.6674 | 0.667 | -0.0001fall | -0.02% fall |
Updated: May 31, 2017 - 3:30PM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 3,704,392,991 | 1,130,342,681 | 1,025,628 |
Industrial | 3,044,357,860 | 534,347,525 | 871,025 |
Mining | 633,734,954 | 595,739,308 | 151,059 |
Code | Name | New Highs | Last Week | Last Month |
---|---|---|---|---|
AFR | AFRICAN ENERGY RES | 0.110rise | 0.076 | 0.053 |
USF | US PRIVATE FUND | 2.490rise | 2.270 | 2.290 |
AYH | AMYF TWO LTD | 1.950rise | 1.800 | 1.168 |
FIG | FREEDOM INSURANCE | 0.840rise | 0.785 | 0.785 |
PNC | PIONEER CREDIT LTD | 2.300rise | 2.150 | 2.241 |
SOP | SML CORPORATION LTD | 0.040rise | 0.038 | 0.030 |
XRO | XERO LTD | 24.240rise | 23.120 | 20.080 |
ELD | ELDERS LIMITED | 5.190rise | 5.020 | 4.550 |
UPD | UPDATER INC | 0.780rise | 0.760 | 0.770 |
AQZ | ALLIANCE AVIATION | 0.920rise | 0.910 | 0.710 |
Updated: May 31, 2017 - 3:33PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
AXT | ARGO EXPLORATION | 0.013fall | 0.024 | 0.028 |
GMR | GOLDEN RIM RESOURCES | 0.003fall | 0.005 | 0.005 |
TSN | TRANSACTION LTD | 0.008fall | 0.011 | 0.016 |
UBN | URBANISE.COM LTD | 0.055fall | 0.069 | 0.084 |
SRZ | STELLAR RESOURCES | 0.018fall | 0.022 | 0.025 |
ENA | ENSURANCE LTD | 0.110fall | 0.130 | 0.140 |
VAR | VARISCAN MINES LTD | 0.011fall | 0.013 | 0.016 |
AHX | APIAM ANIMAL HEALTH | 0.665fall | 0.785 | 1.100 |
DTI | DTI GROUP LTD | 0.160fall | 0.185 | 0.205 |
IPT | IMPACT MINERALS | 0.014fall | 0.016 | 0.018 |
Updated: May 31, 2017 - 3:33PM |
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 |
Oliver's Real Food Limited | OLI | 14/06/2017 | 0.30 |
WAM Microcap Limited | WMI | 28/06/2017 | 1.10 |
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