Markets Live: ASX snaps losing streak
Wall Street's positive mood spilled over to the local sharemarket, though buying lost some momentum in afternoon trade.
Wall Street's positive mood spilled over to the local sharemarket, though buying lost some momentum in afternoon trade.
Programmatic investors who make their fortunes chasing momentum have had a particularly rough year.
Futures are pointing to a flat start for the ASX on the back of a subdued day on Wall Street.
Despite technology stocks expected to deliver solid earnings growth, investors are wary of any significant share price rise.
Wall Street's positive mood spilled over to the local sharemarket on Monday, though buying lost some momentum in afternoon trade.
Soul Pattinson and Brickworks have been awarded costs after the Federal Court dismissed institutional fund manager Perpetual's long-running legal bid to prove the conglomerate's cross-owned structure lost value and behaved oppressively.
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.
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 | 0.7608 | 0.7602 | -0.0003fall | -0.04% fall |
AUD/EUR | 0.6677 | 0.667 | 0.0000steady | 0.00% steady |
Updated: July 11, 2017 - 8:49AM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 4,290,895,037 | 1,480,890,752 | 1,046,874 |
Industrial | 3,450,668,016 | 625,716,104 | 880,361 |
Mining | 830,448,245 | 854,979,331 | 164,094 |
Code | Name | New Highs | Last Week | Last Month |
---|---|---|---|---|
MOE | MOELIS AUSTRALIA LTD | 4.500rise | 4.100 | 3.600 |
UNV | UNIVERSAL COAL PLC | 0.185rise | 0.175 | 0.175 |
CLX | CTI LOGISTICS | 0.960rise | 0.915 | 0.850 |
REY | REY RESOURCES LTD | 0.220rise | 0.210 | 0.200 |
AEF | AUSTRALIAN ETHICAL | 98.000rise | 95.600 | 95.000 |
GBP | GLOBAL PETROLEUM | 0.041rise | 0.040 | 0.035 |
AIZ | AIR NEW ZEALAND | 3.370rise | 3.290 | 3.190 |
IRI | INTEGRATED RESEARCH | 3.480rise | 3.400 | 3.340 |
TIA | TIAN AN AUST LIMITED | 1.105rise | 1.080 | 1.050 |
KGN | KOGAN.COM LTD | 1.820rise | 1.780 | 1.720 |
Updated: July 10, 2017 - 6:50PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
CXX | CRADLE RESOURCES LTD | 0.180fall | 0.315 | 0.315 |
TRL | TANGA RESOURCES LTD | 0.016fall | 0.023 | 0.022 |
MZN | MARINDI METALS LTD | 0.005fall | 0.007 | 0.007 |
ORR | ORECORP LTD | 0.180fall | 0.250 | 0.380 |
ROG | RED SKY ENERGY. | 0.004fall | 0.005 | 0.004 |
ZYB | ZYBER HOLDINGS LTD | 0.004fall | 0.005 | 0.004 |
AB1 | ANIMOCA BRANDS CORP | 0.021fall | 0.025 | 0.021 |
8IH | 8I HOLDINGS LTD | 0.360fall | 0.420 | 0.450 |
GTG | GENETIC TECHNOLOGIES | 0.006fall | 0.007 | 0.007 |
CTO | CITIGOLD CORP LTD | 0.007fall | 0.008 | 0.007 |
Updated: July 10, 2017 - 6:50PM |
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 |
Save articles for later.
Subscribe for unlimited access to news. Login to save articles.
Return to the homepage by clicking on the site logo.