Markets Live: ASX slumps as banks retreat
Shares tumble amid broad selling ahead of next week's start of earnings season, as falls in the banks and US dollar earners help wipe $25 billion off the ASX.
Shares tumble amid broad selling ahead of next week's start of earnings season, as falls in the banks and US dollar earners help wipe $25 billion off the ASX.
UK regulators' decision to abandon the Libor benchmark by the end of 2021 is sowing confusion in the market.
The Australian market looks set to open flat, unimpressed by moves on Wall Street
Vale, the world's largest producer of iron ore, was crimped by a weaker currency and higher output costs in its latest quarter.
The Australian dollar retreated back below US80¢ as the greenback recovered from a mostly Fed-induced hammering.
A surge in Amazon.com shares briefly propelled founder Jeff Bezos past Bill Gates as the world's richest person.
Goldman Sachs boosted its iron ore forecast for the next three months to $US70 a tonne, from $US55.
​Tin hit its highest price in six months on reports of smelter shutdowns in China, the world's largest tin producer.
Shares inched higher, buoyed by another rally in the big miners, but a surprise surge in the Aussie dollar kept a cap on gains.
The $A appears overvalued, strategists say, and its break above US80¢ puts the RBA's inflation target more out of reach, sapping enthusiasm for rate hikes.
The Trump administration may have little to show in the way of legislative success, but one key area where it can book a victory is in exchange rates.
State Street, the $3.3 trillion asset manager that installed the Fearless Girl statue on Wall Street in March, followed through on its pledge to vote against companies that don't have women on their boards.
The Australian dollar retreated back below US80¢ as the greenback recovered from a mostly Fed-induced hammering.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7967 | 0.7966 | 0.0003rise | 0.04% rise |
AUD/EUR | 0.6818 | 0.6815 | -0.0004fall | -0.06% fall |
Updated: July 28, 2017 - 3:10PM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 4,437,003,354 | 1,462,585,876 | 822,537 |
Industrial | 3,231,816,897 | 630,679,710 | 650,004 |
Mining | 1,191,495,504 | 831,548,835 | 168,654 |
Code | Name | New Highs | Last Week | Last Month |
---|---|---|---|---|
PEL | PELICAN RESOURCES | 0.015rise | 0.009 | 0.010 |
AVZ | AVZ MINERALS LTD | 0.066rise | 0.050 | 0.041 |
BIS | BISALLOY STEEL | 0.590rise | 0.450 | 0.430 |
TEG | TRIANGLE ENERGY LTD | 0.070rise | 0.055 | 0.061 |
TPW | TEMPLE & WEBSTER LTD | 0.220rise | 0.180 | 0.185 |
KGN | KOGAN.COM LTD | 2.450rise | 2.020 | 1.720 |
FBR | FASTBRICK ROBOTICS | 0.215rise | 0.180 | 0.117 |
JRV | JERVOIS MINING | 0.130rise | 0.110 | 0.060 |
ACK | AUSTOCK GROUP LTD | 0.850rise | 0.730 | 0.750 |
ZNT | ZENITAS HEALTH LTD | 1.175rise | 1.010 | 0.935 |
Updated: July 28, 2017 - 3:10PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
CFO | CFOAM LIMITED | 0.245fall | 0.300 | 0.275 |
ORR | ORECORP LTD | 0.145fall | 0.170 | 0.380 |
DXF | DING SHENG XIN LTD | 0.085fall | 0.096 | 0.086 |
TNR | TORIAN RESOURCES LTD | 0.080fall | 0.090 | 0.083 |
FLN | FREELANCER LTD | 0.635fall | 0.710 | 0.760 |
GBZ | GBM RSOURCES LTD | 0.010fall | 0.011 | 0.011 |
CDY | CELLMID LIMITED | 0.023fall | 0.025 | 0.024 |
RFX | REDFLOW LIMITED | 0.115fall | 0.125 | 0.150 |
BDA | BOD AUSTRALIA | 0.150fall | 0.160 | 0.155 |
IPH | IPH LIMITED | 4.350fall | 4.610 | 4.600 |
Updated: July 28, 2017 - 3:09PM |
Company | Security Code | Float date | Issue $ |
---|---|---|---|
Australia WeTouch Technology Limited | AWT | 31/07/2017 | 0.40 |
Evans & Partners Global Disruption Fund | EGD | 31/07/2017 | 1.60 |
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 |
Pyrolyx AG | PLX | 21/08/2017 | 1.47 |
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 |