Markets Live: ASX's earnings test
![The ASX is on unsteady ground.](http://web.archive.org./web/20170814000359im_/https://www.fairfaxstatic.com.au/content/dam/images/g/v/b/8/g/l/image.related.landscape.120x80.gxvfgd.png/1502668458691.jpg)
The ASX is set for an uncertain start amid continued tension around North Korea and ahead of a hectic week of local corporate earnings.
The ASX is set for an uncertain start amid continued tension around North Korea and ahead of a hectic week of local corporate earnings.
Local sharemarket is set for a flat start to the week after Korea tensions eased over the weekend but a slew of companies are set to report in the season's busiest week..
Wall Street's bull market seems intact for now as the US economy powers on, even after last week's spike in volatility following a war of words between the US and North Korea.
Just when investors should be preparing themselves for the inevitable return of volatility, many have let their guard down.
The three major US stocks indexes snapped three days of losses, as investors bet on slower US rate hikes.
Chinese iron ore futures fell nearly 5 per cent on Friday in a selloff triggered by a sharp retreat in steel prices.
A fifth straight miss on core-price forecasts adds to the burden on the Fed to explain the need for a third rate hike this year.
Australian investors dumped shares on Friday as geopolitical concerns swept through global financial markets and safe haven assets jumped.
If business conditions are so positive, where are all the earnings upgrades?
Snap reported a lower-than-expected number of daily active users for Snapchat, its messaging app, for the second quarter.
It's shaping us an ugly start for the ASX after Donald Trump's latest comments hit Wall Street hard.
Wall Street suffers worst day in three months as North Korea tensions hover, setting up the ASX for a negative start to the day.
The $A slid below US79¢ overnight, in a broad retreat in part because of rising geopolitical tensions.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7906 | 0.7901 | 0.0012rise | 0.15% rise |
AUD/EUR | 0.6686 | 0.6681 | 0.0004rise | 0.06% rise |
Updated: August 14, 2017 - 10:00AM |
Company | Security Code | Float date | Issue $ |
---|---|---|---|
Australia WeTouch Technology Limited | AWT | 31/07/2017 | 0.40 |
CropLogic Limited | CLI | 31/08/2017 | 0.20 |
Fat Prophets Global Property Fund | FPP | 13/09/2017 | 1.10 |
Mayur Resources Limited | MRL | 01/07/2017 | 0.40 |
Northern Cobalt Limited | N27 | 17/08/2017 | 0.20 |
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 |
Stirfire Limited | SFS | 29/09/2017 | 0.20 |
TNT Mines Limited | TIN | 01/09/2017 | 0.20 |
VGI Partners Global Investments Limited | VG1 | 28/09/2017 | 2.00 |
Windlab Limited | WND | 23/08/2017 | 2.00 |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
ANN | ANSELL LIMITED | 20.510fall | 21.510 | 21.730 |
ADR | ADHERIUM LTD | 0.098fall | 0.100 | 0.130 |
Updated: August 14, 2017 - 10:01AM |
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