Markets Live: Aussie on a rampage
Shares trade flat and the Aussie dollar trades close to two year highs, supported by better-than-expected Chinese economic data.
Shares trade flat and the Aussie dollar trades close to two year highs, supported by better-than-expected Chinese economic data.
Wall Street's roll continues, setting up the local sharemarket for a positive start to the week.
Low inflation will challenge plans by the US Fed to continue to lift rates.
Global demand for Chinese goods should offset official curbs on property and debt.
The Australian dollar has leapt more than 1.3 per cent, to a two-year high, as weak data dimmed prospects for US rate hikes.
With central banks preparing to tighten policy around the world, the relentless rise in share prices is worrying many experts.
US stocks and bonds rallied on Friday, with both the S&P; 500 Index and Dow Jones Industrial Average reaching new highs.
After erasing almost $US400 billion in value during the June selloff, the Nasdaq 100 Index has risen for six straight days.
Oil edged higher for a fifth day amid optimism that the market isn't in as bad shape as thought.
The Fed's plans are clear, but low inflation has hurt its ability to execute. It may be similarly cursed in coming quarters.
Sprott, the precious metals-focused money manager, sees gold rising through $US1400 an ounce by the end of 2017.
These are great times for China's gargantuan steel industry, but they could soon be over.
The Australian dollar has leapt more than 1.3 per cent, to a two-year high, as weak data dimmed prospects for US rate hikes.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7814 | 0.7809 | -0.0019fall | -0.24% fall |
AUD/EUR | 0.6818 | 0.6814 | -0.0007fall | -0.10% fall |
Updated: July 17, 2017 - 12:40PM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 1,433,707,442 | 898,038,367 | 447,898 |
Industrial | 1,105,462,489 | 410,045,226 | 368,735 |
Mining | 324,209,501 | 487,854,881 | 77,541 |
Code | Name | New Highs | Last Week | Last Month |
---|---|---|---|---|
NVX | NOVONIX LIMITED | 1.250rise | 1.010 | 0.780 |
FZO | FAMILY ZONE CYBER | 0.465rise | 0.400 | 0.345 |
AQD | AUSQUEST LIMITED | 0.019rise | 0.017 | 0.014 |
GSW | GETSWIFT LIMITED | 1.175rise | 1.070 | 1.035 |
BIG | BIG UN LTD | 1.850rise | 1.710 | 1.235 |
RFF | RURAL FUNDS GROUP | 1.990rise | 1.860 | 1.945 |
AL8 | ALDERAN RESOURCE LTD | 0.620rise | 0.580 | 0.495 |
PNI | PINNACLE INVESTMENT | 3.450rise | 3.250 | 3.000 |
HGL | HUDSON INVESTMENT | 0.040rise | 0.038 | 0.036 |
AEF | AUSTRALIAN ETHICAL | 107.000rise | 102.500 | 95.000 |
Updated: July 17, 2017 - 12:48PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
SM8 | SHARK MITIGATION | 0.059fall | 0.070 | 0.074 |
BLK | BLACKHAM RESOURCES | 0.215fall | 0.255 | 0.260 |
MAY | MELBANA ENERGY LTD | 0.013fall | 0.014 | 0.014 |
CXZ | CONNEXION MEDIA LTD | 0.019fall | 0.020 | 0.027 |
URF | US MASTERS RES FUND | 1.790fall | 1.830 | 1.850 |
USD | BETASHARES US DOLLAR | 12.420fall | 12.550 | 12.640 |
AOG | AVEO GROUP | 2.510fall | 2.530 | 2.560 |
Updated: July 17, 2017 - 12:48PM |
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 |
Okapi Resources Limited | OKR | 24/08/2017 | 0.20 |
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 |
TNT Mines Limited | TIN | 01/09/2017 | 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.