Markets Live: Yellen fires up the party
![The bull is back.](http://web.archive.org./web/20170713024345im_/https://www.fairfaxstatic.com.au/content/dam/images/g/t/z/l/7/s/image.related.landscape.120x80.gxa7av.png/1499910588658.jpg)
Shares shoot higher as local investors join a global rally, after dovish comments by Fed chair Janet Yellen lifted the Dow to a record.
Shares shoot higher as local investors join a global rally, after dovish comments by Fed chair Janet Yellen lifted the Dow to a record.
A robust day on Wall Street has set up the local sharemarket for strong gains at the open.
The retreat of inflation and lack of meaningful wage growth are becoming increasingly dominant in the Federal Reserve's deliberations.
US spring wheat production will fall to a 15-year low, as crops in North Dakota have been crippled by bad weather.
A very successful low volatility strategy has almost run its course, says Goldman Sachs Australia, pointing to a shift in what the market sees as risky.
Since the global financial crisis, central banks have held interest rates low while using their balance sheets to pump financial markets full of liquidity.
The Australian sharemarket closed sharply lower on Wednesday, following a choppy session on Wall Street.
Former Goldman Sachs president Gary Cohn is the leading candidate to succeed Janet Yellen as chair of the Federal Reserve.
Pimco's chief investment officer says the latest Trump-Russia reports will make it more difficult to bolster the US economy.
The ASX is set to open marginally lower after Wall Street finished a rollercoaster session slightly down.
Janet Yellen is getting ready to feel the heat, and not just because it's July in Washington.
Oil climbed above $US45 a barrel after the Energy Information Administration cut its US crude output forecast for next year.
Speculators looking to profit from the hawkish shift among global central banks have a fresh target: the Australian dollar.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7682 | 0.7679 | 0.0004rise | 0.05% rise |
AUD/EUR | 0.6719 | 0.6717 | -0.0007fall | -0.10% fall |
Updated: July 13, 2017 - 12:30PM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 1,792,906,419 | 768,637,371 | 470,421 |
Industrial | 1,444,554,287 | 313,008,022 | 389,745 |
Mining | 338,745,715 | 455,532,371 | 79,340 |
Code | Name | New Highs | Last Week | Last Month |
---|---|---|---|---|
WHA | WATTLE HEALTH AU LTD | 0.690rise | 0.480 | 0.505 |
OLI | OLIVER'S REAL FOOD | 0.425rise | 0.300 | 0.360 |
FBR | FASTBRICK ROBOTICS | 0.200rise | 0.160 | 0.117 |
BIG | BIG UN LTD | 1.400rise | 1.170 | 1.235 |
TBH | TOPBETTA HLDING LTD | 0.380rise | 0.330 | 0.295 |
CLL | COLLERINA COBALT | 0.029rise | 0.026 | 0.028 |
UPD | UPDATER INC | 1.100rise | 0.995 | 0.960 |
GSW | GETSWIFT LIMITED | 1.070rise | 0.970 | 1.035 |
HGL | HUDSON INVESTMENT | 0.038rise | 0.035 | 0.036 |
FWD | FLEETWOOD CORP | 2.680rise | 2.470 | 2.490 |
Updated: July 13, 2017 - 12:38PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
CXX | CRADLE RESOURCES LTD | 0.105fall | 0.315 | 0.315 |
ORR | ORECORP LTD | 0.165fall | 0.250 | 0.380 |
NVO | NVOI LTD | 0.021fall | 0.030 | 0.027 |
8IH | 8I HOLDINGS LTD | 0.300fall | 0.420 | 0.450 |
CMY | CAPITAL MINING | 0.004fall | 0.005 | 0.005 |
RXH | REWARDLE HOLDING LTD | 0.012fall | 0.015 | 0.013 |
UIL | UIL ENERGY LTD | 0.025fall | 0.027 | 0.027 |
S2R | S2 RESOURCES | 0.145fall | 0.155 | 0.150 |
MYX | MAYNE PHARMA LTD | 0.940fall | 0.995 | 0.990 |
RCT | REEF CASINO TRUST | 2.840fall | 3.000 | 3.010 |
Updated: July 13, 2017 - 12:38PM |
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.