Markets Live: Freaky Friday sinks ASX
![Shares look likely to end the week on a soft note.](http://web.archive.org./web/20170729171912im_/https://www.fairfaxstatic.com.au/content/dam/images/g/t/0/f/h/w/image.related.landscape.120x80.gxkfye.png/1501223788057.jpg)
Shares unexpectedly tumbled to one of their worst days of the year amid broad selling ahead of next week's start of earnings season, sending the ASX lower over the week.
Shares unexpectedly tumbled to one of their worst days of the year amid broad selling ahead of next week's start of earnings season, sending the ASX lower over the week.
Since 1997, when it floated on the sharemarket, Amazon has evolved into one of the century's greatest wealth-generating machines. It's become so powerful researchers have built a Death by Amazon index of companies it leaves in its wake.
Goldman Sachs Asset Management is calling the top of the $A, selling the currency after it jumped to a two-year high.
Stock markets fell worldwide on Friday as results from some big US companies disappointed and tobacco shares slumped, while oil prices had their biggest weekly percentage rise this year.
​The S&P; 500 slipped on negative reactions to earnings reports from high-profile names such as Amazon, Exxon and Starbucks.
The US economy's 2.6% annualised second-quarter rebound puts the expansion back on its familiar, steady path.
A largely positive week was undercut by a surprise broad-based sell-off on Friday as investors position themselves ahead of local earnings season next week.
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 Asset Management is calling the top of the $A, selling the currency after it jumped to a two-year high.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7988 | 0.7986 | 0.0023rise | 0.29% rise |
AUD/EUR | 0.6799 | 0.6794 | 0.0000steady | 0.00% steady |
Updated: July 29, 2017 - 7:00AM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 5,864,529,500 | 1,904,572,480 | 1,052,799 |
Industrial | 4,381,715,505 | 843,515,283 | 835,319 |
Mining | 1,466,708,980 | 1,060,634,353 | 212,848 |
Code | Name | New Highs | Last Week | Last Month |
---|---|---|---|---|
BSX | BLACKSTONE LTD | 0.350rise | 0.190 | 0.200 |
PEL | PELICAN RESOURCES | 0.015rise | 0.009 | 0.010 |
AVZ | AVZ MINERALS LTD | 0.067rise | 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 |
Updated: July 28, 2017 - 6:50PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
SHH | SHREE MINERALS LTD | 0.002fall | 0.026 | 0.026 |
PCH | PROPERTY CONNECT | 0.002fall | 0.004 | 0.004 |
AYR | ALLOY RESOURCES | 0.003fall | 0.005 | 0.003 |
KLO | KINGSLAND GLOBAL LTD | 0.105fall | 0.170 | 0.170 |
AIB | AURORA GLB TRUST | 0.490fall | 0.790 | 0.790 |
MRQ | MRG METALS LIMITED | 0.005fall | 0.007 | 0.007 |
YOW | YOWIE GROUP | 0.215fall | 0.295 | 0.270 |
LRS | LATIN RESOURCES LTD | 0.003fall | 0.004 | 0.003 |
VIC | VICTORY MINES LTD | 0.008fall | 0.010 | 0.010 |
EVE | EVE INVESTMENTS LTD | 0.004fall | 0.005 | 0.004 |
Updated: July 28, 2017 - 5:30PM |
Company | Security Code | Float date | Issue $ |
---|---|---|---|
American Pacific Borate & Lithium Limited | ABR | 28/07/2017 | 0.20 |
Australia WeTouch Technology Limited | AWT | 31/07/2017 | 0.40 |
Convenience Retail REIT | CRR | 27/07/2017 | 3.00 |
Evans & Partners Global Disruption Fund | EGD | 01/08/2017 | 1.60 |
Fat Prophets Global Property Fund | FPP | 13/09/2017 | 1.10 |
Northern Cobalt Limited | N27 | 17/08/2017 | 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 |
Pyrolyx AG | PLX | 21/08/2017 | 1.47 |
Prospech Limited | PRS | 31/07/2017 | 0.20 |
Sienna Cancer Diagnostics Limited | SDX | 03/08/2017 | 0.20 |
Spectur Limited | SP3 | 31/07/2017 | 0.20 |
TNT Mines Limited | TIN | 01/09/2017 | 0.20 |
Turners Automotive Group Limited | TRA | 28/07/2017 | 0.00 |
Save articles for later.
Subscribe for unlimited access to news. Login to save articles.
Return to the homepage by clicking on the site logo.