Markets Live: ASX set to rebound
![Gains on the ASX.](http://web.archive.org./web/20170709235459im_/https://www.fairfaxstatic.com.au/content/dam/images/g/w/f/b/n/w/image.related.landscape.120x80.gx7w9z.png/1499643815440.jpg)
Shares are set to open higher, tracking Wall Street, which posted strong gains on Friday after jobs data.
Shares are set to open higher, tracking Wall Street, which posted strong gains on Friday after jobs data.
Local sharemarket set to open higher as it looks to halt a three-day slide.
The end of cheap credit will cause major shifts in investor behaviour, undoing some of the habits learnt over a decade of central bank largesse.
A number of agencies have downgraded their forecasts on key Australian commodity exports, potentially posing problems for Australia's listed resource exporters.
Investor sentiment has been stoked by expectations that the Federal Reserve will lift rates again by the end of the year.
US stocks rebounded from the biggest selloff since May after strong hiring data bolstered confidence in the American economy.
US job growth surged more than expected in June, potentially bolstering the case for a third interest rate hike this year.
The ASX had by Friday given up all its gains over the week, as a bond sell-off weighed on local equities.
Australian equity markets could be negatively affected in the short-term by rising global bond yields, strategists have warned after a global bond sell-off on Thursday.
Tesla's meteoric rise to become the nation's most valuable auto maker has ended, at least for now.
Warren Buffett's Berkshire Hathaway reportedly is ready to bid for Oncor Electric in Texas after a US$18b deal collapsed.
When analysts at Morgan Stanley were trying to handicap the driverless car race, their thoughts kept turning to chicken wings. And the Disney film "Frozen." And beer. All the things you can do when you're not spending your time locked behind the steering wheel anymore.
Speculators looking to profit from the hawkish shift among global central banks have a fresh target: the Australian dollar.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7605 | 0.76 | -0.0005fall | -0.07% fall |
AUD/EUR | 0.667 | 0.6665 | 0.0001rise | 0.02% rise |
Updated: July 10, 2017 - 9:49AM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 5,034,465,592 | 1,540,143,420 | 1,125,601 |
Industrial | 3,965,722,464 | 745,897,663 | 940,025 |
Mining | 1,052,087,054 | 793,890,633 | 181,701 |
Code | Name | New Highs | Last Week | Last Month |
---|---|---|---|---|
AEF | AUSTRALIAN ETHICAL | 95.600rise | 95.600 | 95.000 |
AIZ | AIR NEW ZEALAND | 3.290rise | 3.290 | 3.190 |
ANG | AUSTIN ENGINEERING | 0.240rise | 0.240 | 0.220 |
ASL | AUSDRILL LIMITED | 1.950rise | 1.950 | 1.865 |
AUI | AUSTRALIAN UNITED IN | 8.330rise | 8.330 | 8.280 |
AWC | ALUMINA LIMITED | 2.060rise | 2.060 | 2.000 |
BHL | BOYUAN HOLDINGS | 0.290rise | 0.290 | 0.200 |
BIN | BINGO INDUSTRIES LTD | 1.900rise | 1.900 | 1.890 |
CVC | CVC LIMITED | 2.100rise | 2.100 | 1.900 |
EPD | EMPIRED LTD | 0.575rise | 0.575 | 0.560 |
Updated: July 7, 2017 - 6:50PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
8IH | 8I HOLDINGS LTD | 0.420fall | 0.420 | 0.450 |
AEI | AERIS ENVIRONMENTAL | 0.250fall | 0.250 | 0.265 |
AME | ALTO METALS LIMITED | 0.065fall | 0.065 | 0.068 |
AOK | AUSTEX OIL LIMITED | 0.010fall | 0.010 | 0.010 |
AQS | AQUIS ENT LTD | 0.040fall | 0.040 | 0.040 |
AR1 | ARROWHEAD RES LTD | 0.010fall | 0.010 | 0.010 |
AYJ | AMYF THREE LTD | 19.200fall | 19.200 | 19.500 |
BD1 | BARD1 LIFE SCIENCES | 0.009fall | 0.009 | 0.009 |
BHD | BENJAMIN HORNGLD LTD | 0.950fall | 0.950 | 0.950 |
BMP | BUYMYPLACE LIMITED | 0.150fall | 0.150 | 0.150 |
Updated: July 7, 2017 - 5:08PM |
Company | Security Code | Float date | Issue $ |
---|---|---|---|
American Pacific Borate & Lithium Limited | ABR | 17/07/2017 | 0.20 |
Australia WeTouch Technology Limited | AWT | 31/07/2017 | 0.40 |
CTL Australia Group Limited | CIT | 11/07/2017 | 0.20 |
Convenience Retail REIT | CRR | 27/07/2017 | 3.00 |
Evans & Partners Global Disruption Fund | EGD | 31/07/2017 | 1.60 |
Galena Mining Limited | G1A | 10/07/2017 | 0.20 |
Nusantara Resources Limited | NUS | 26/07/2017 | 0.42 |
Oasis Gold Limited | OAG | 01/08/2017 | 0.21 |
Prospech Limited | PRS | 31/07/2017 | 0.20 |
Sienna Cancer Diagnostics Limited | SDX | 02/08/2017 | 0.20 |
Spectur Limited | SP3 | 31/07/2017 | 0.20 |
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