Markets Live: ASX to defy gloom
Shares are set to climb at the open on futures trading, despite more selling on Wall St and the US oil price pushing lower again.
Shares are set to climb at the open on futures trading, despite more selling on Wall St and the US oil price pushing lower again.
​US technology stocks slid again overnight, led by declines in heavyweights Apple and Alphabet.
The local sharemarket is set for a bright start to the last day of the trading week, with futures pointing to a 20-point gain at the open.
China's holdings of US Treasuries rose for a third straight month in April, reaching the highest in six months.
Oil slid overnight as rising US supplies cast doubt on the pace of a global supply glut-reduction.
​The Bank of England shocked financial markets when it said three of its policymakers voted for an interest rate hike.
The ASX's strong two-day rally came to an abrupt end, as weak oil and the US rate hike proved reason enough for shares to retrace some of their recent gains.
The Australian dollar hit a two-month high on Thursday, boosted by positive local jobs data and a fall in the greenback after weak US inflation data.
Bell Potter veteran trader Richard Coppleson says by far the "biggest reason" markets are recovering was the positive boost from surging superannuation funds.
Weak consumer sentiment data is the latest worrying sign for those expecting another rate cut, but optimists insist the slowdown is temporary.
A record number of global fund managers believe sharemarkets to be overvalued after years of overstimulative monetary policy.
Wall Street ended lower, and the ASX is poised to open about 0.5 per cent lower, with futures pointing to a 30-point drop at the open.
The Australian dollar hit a two-month high on Thursday, boosted by positive local jobs data and a fall in the greenback after weak US inflation data.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7595 | 0.7591 | 0.0015rise | 0.20% rise |
AUD/EUR | 0.6809 | 0.6807 | 0.0011rise | 0.16% rise |
Updated: June 16, 2017 - 10:40AM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 614,948,560 | 365,264,774 | 133,934 |
Industrial | 460,944,504 | 129,425,935 | 105,879 |
Mining | 153,160,844 | 235,818,455 | 27,790 |
Code | Name | New Highs | Last Week | Last Month |
---|---|---|---|---|
AKK | AUSTIN EXPLORATION | 0.031rise | 0.003 | 0.005 |
BTC | BIOTECH CAPITAL | 0.160rise | 0.145 | 0.145 |
A2M | THE A2 MILK COMPANY | 3.665rise | 3.340 | 3.590 |
QAN | QANTAS AIRWAYS | 5.640rise | 5.320 | 5.070 |
IFL | IOOF HOLDINGS LTD | 9.685rise | 9.360 | 9.310 |
ELD | ELDERS LIMITED | 5.500rise | 5.330 | 5.190 |
RMD | RESMED INC | 10.060rise | 9.820 | 9.450 |
CGC | COSTA GROUP HOLDINGS | 4.900rise | 4.820 | 4.700 |
DXS | DEXUS | 10.710rise | 10.550 | 10.555 |
SKI | SPARK INFRASTRUCTURE | 2.850rise | 2.810 | 2.710 |
Updated: June 16, 2017 - 10:43AM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
PAR | PARADIGM BIO. | 0.230fall | 0.635 | 0.490 |
BD1 | BARD1 LIFE SCIENCES | 0.010fall | 0.011 | 0.011 |
BDA | BOD AUSTRALIA | 0.160fall | 0.175 | 0.175 |
SM8 | SHARK MITIGATION | 0.080fall | 0.087 | 0.097 |
PSZ | PS&C; LIMITED | 0.230fall | 0.250 | 0.260 |
TOE | TORO ENERGY LIMITED | 0.029fall | 0.031 | 0.033 |
MZI | MZI RES LTD | 0.190fall | 0.200 | 0.200 |
UBN | URBANISE.COM LTD | 0.050fall | 0.052 | 0.055 |
CUP | COUNTPLUS LIMITED | 0.580fall | 0.600 | 0.600 |
CAB | CABCHARGE AUSTRALIA | 2.190fall | 2.250 | 2.515 |
Updated: June 16, 2017 - 10:43AM |
Company | Security Code | Float date | Issue $ |
---|---|---|---|
Australia WeTouch Technology Limited | AWT | 31/07/2017 | 0.40 |
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 |
Galena Mining Limited | G1A | 10/07/2017 | 0.20 |
Golden Mile Resources Ltd | G88 | 29/05/2017 | 0.20 |
Kelly Partners Group Holdings Limited | KPG | 20/06/2017 | 1.00 |
Oliver's Real Food Limited | OLI | 14/06/2017 | 0.30 |
WAM Microcap Limited | WMI | 28/06/2017 | 1.10 |
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