Markets Live: BlueScope bashed as ASX wilts
![Reporting season is set to keep investors busy again this week.](http://web.archive.org./web/20170821050424im_/https://www.fairfaxstatic.com.au/content/dam/images/g/t/0/f/h/x/image.related.landscape.120x80.gy0h4j.png/1503291292893.jpg)
Shares are under selling pressure as investors sort through more profit results, cheering Fortescue's bumper earnings but slamming BlueScope.
Shares are under selling pressure as investors sort through more profit results, cheering Fortescue's bumper earnings but slamming BlueScope.
The Australian dollar is up sharply against its US counterpart amid a slight rebound in risk appetite following US President Donald Trump's firing of controversial adviser Steve Bannon.
The ASX set for a flat start to the week after Wall Street steadied on Friday, while reporting season continues on in earnest.
European stocks extended a global slide after terrorists struck a crowded tourist street in Barcelona.
Terrorist attacks in Spain and discord in Washington weighed on shares on Friday, though the bourse managed to close the week in the black.
The handwritten notes a Bank of America IT guy passed to his girlfriend weren't expressions of love. They were stock tips for her father, US prosecutors say in a law suit describing a sprawling insider-trading plot.
ASX set for heavy falls at the open as rumours and whispers sent Wall Street plunging.
US stocks sold off on Thursday, with the S&P; 500 hitting its lowest level in a month, as escalating worries about the Trump administration's ability to push through its agenda rattled investors.
It was a busy Thursday for company earnings, but a mammoth slide in Telstra was easily the biggest influence on the ASX.
The Australian dollar has jumped back above the US79¢ mark, buoyed by strong employment numbers and as the greenback came under pressure following dovish Fed minutes.
The local sharemarket is due for a positive start as Wall Street inched higher while there is another raft of big names reporting, with Telstra and Wesfarmers among the highlights.
Shares overcame early losses to end the day solidly higher, thanks in large part to buying in the big banks and Telstra.
The Australian dollar is up sharply against its US counterpart amid a slight rebound in risk appetite following US President Donald Trump's firing of controversial adviser Steve Bannon.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7925 | 0.7923 | -0.0004fall | -0.05% fall |
AUD/EUR | 0.6745 | 0.6741 | 0.0014rise | 0.21% rise |
Updated: August 21, 2017 - 3:00PM |
Company | Security Code | Float date | Issue $ |
---|---|---|---|
Fat Prophets Global Property Fund | FPP | 13/09/2017 | 1.10 |
The GO2 People Ltd | GO2 | 22/09/2017 | 0.20 |
Mayur Resources Limited | MRL | 01/09/2017 | 0.40 |
Northern Cobalt Limited | N27 | 17/08/2017 | 0.20 |
Okapi Resources Limited | OKR | 24/08/2017 | 0.20 |
RightCrowd Limited | RCW | 18/09/2017 | 0.30 |
Registry Direct Limited | RD1 | 16/10/2017 | 0.20 |
Riversgold Limited | RGL | 11/09/2017 | 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 Highs | Last Week | Last Month |
---|---|---|---|---|
EGL | ENVIRONMENTAL GROUP | 0.082rise | 0.026 | 0.023 |
4CE | FORCE COM LTD | 0.066rise | 0.054 | 0.027 |
SAM | SIV ASSET MGMT LTD | 0.070rise | 0.058 | 0.035 |
AL8 | ALDERAN RESOURCE LTD | 1.090rise | 0.950 | 0.770 |
AVZ | AVZ MINERALS LTD | 0.167rise | 0.150 | 0.084 |
KGN | KOGAN.COM LTD | 2.980rise | 2.680 | 2.630 |
BUB | BUBS AUST LTD | 0.825rise | 0.745 | 0.360 |
YOJ | YOJEE LIMITED | 0.115rise | 0.105 | 0.080 |
EPT | EPAT TECHNOLOGIES | 0.083rise | 0.076 | 0.052 |
IMD | IMDEX LIMITED | 0.875rise | 0.805 | 0.800 |
Updated: August 21, 2017 - 3:01PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
AVW | AVIRA ENERGY LTD | 0.012fall | 0.250 | 0.250 |
GBT | GBST HOLDINGS.. | 2.080fall | 3.110 | 2.900 |
MGT | MAGNETITE MINES | 0.019fall | 0.025 | 0.034 |
MRQ | MRG METALS LIMITED | 0.004fall | 0.005 | 0.005 |
KAI | KAIROS MINERALS LTD | 0.011fall | 0.013 | 0.013 |
MOB | MOBILICOM LTD | 0.125fall | 0.145 | 0.140 |
ESI | ENV CLEAN TECH LTD | 0.010fall | 0.011 | 0.012 |
DTZ | DOTZ NANO LTD | 0.110fall | 0.120 | 0.120 |
VRC | VOLT RESOURCES LTD | 0.022fall | 0.024 | 0.026 |
SVL | SILVER MINES LIMITED | 0.092fall | 0.100 | 0.110 |
Updated: August 21, 2017 - 3:02PM |
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