Markets Live: ASX to creep higher
![Stock prices displayed at the ASX.](http://web.archive.org./web/20170831002645im_/https://www.fairfaxstatic.com.au/content/dam/images/g/x/t/w/o/g/image.related.landscape.120x80.gy7nmw.png/1504138052721.jpg)
The ASX is set for mild gains this morning after US and European stocks rebounded overnight and as the last corporate earnings reports roll in.
The ASX is set for mild gains this morning after US and European stocks rebounded overnight and as the last corporate earnings reports roll in.
The Australian dollar fell back towards US79c as the greenback rebounded while the local sharemarket is poised for a flat start.
Shares wobbled on Wednesday as the ASX failed to join in on a region-wide rebound, weighed down by a sharp fall in Telstra as it traded ex-dividend.
CBA currency analysts believe a continued slide in the greenback could see the Aussie dollar push as high as US85¢ by the end of next year.
Calmer heads have prevailed once again in financial markets, setting up the local sharemarket for a positive open.
The ASX is set to start the day in positive territory while the greenback weakness has the Aussie dollar heading towards US80c.
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More bad news for CBA shareholders and a broker downgrade to Qantas weighed on shares in the final days of earnings season.
Wall Street nudged higher on Friday, setting the ASX up for a slightly positive start to the week.
Last year US crude-oil exports to China were puny. But all that's changed dramatically, with US shipments to China leapfrogging sales from neighbours such as Australia.
Tax reform details move to centre stage this week amid a major push by President Donald Trump and Congressional Republicans.
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CBA currency analysts believe a continued slide in the greenback could see the Aussie dollar push as high as US85¢ by the end of next year.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7913 | 0.7912 | 0.0008rise | 0.10% rise |
AUD/EUR | 0.6654 | 0.6652 | 0.0003rise | 0.05% rise |
Updated: August 31, 2017 - 10:20AM |
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 |
MCP Master Income Trust | MXT | 09/10/2017 | 2.00 |
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 |
Titomic Limited | TTT | 13/09/2017 | 0.20 |
VGI Partners Global Investments Limited | VG1 | 28/09/2017 | 2.00 |
Code | Name | New Highs | Last Week | Last Month |
---|---|---|---|---|
CE1 | CALIMA ENERGY | 0.045rise | 0.011 | 0.012 |
OMH | OM HOLDINGS LIMITED | 0.370rise | 0.325 | 0.190 |
AGI | AINSWORTH GAME TECH. | 2.650rise | 2.350 | 2.460 |
KGN | KOGAN.COM LTD | 3.500rise | 3.170 | 2.630 |
REX | REGIONAL EXPRESS | 1.210rise | 1.105 | 1.125 |
APX | APPEN LIMITED | 4.750rise | 4.360 | 4.400 |
MPL | MEDIBANK PRIVATE LTD | 3.070rise | 2.920 | 2.900 |
APT | AFTERPAY TOUCH | 3.800rise | 3.640 | 3.200 |
TWE | TREASURY WINE ESTATE | 14.405rise | 14.030 | 13.240 |
CYL | CATALYST METALS | 0.770rise | 0.760 | 0.525 |
Updated: August 31, 2017 - 10:24AM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
HT1 | HT&E; LIMITED | 2.210fall | 2.270 | 2.400 |
SCT | SCOUT SECURITY LTD | 0.200fall | 0.205 | 0.000 |
AXI | AXIOM PROPERTIES | 0.044fall | 0.045 | 0.048 |
FCT | FIRSTWAVE CLOUD TECH | 0.245fall | 0.250 | 0.275 |
PGH | PACT GROUP HLDGS LTD | 5.110fall | 5.210 | 5.670 |
CCL | COCA-COLA AMATIL | 8.060fall | 8.080 | 8.175 |
Updated: August 31, 2017 - 10:24AM |
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