Markets Live: ASX's early spring wilts
![Investors eyeing the ASX board.](http://web.archive.org./web/20170901013247im_/https://www.fairfaxstatic.com.au/content/dam/images/g/x/8/p/t/q/image.related.landscape.120x80.gy8k0c.png/1504229395193.jpg)
Hopes that the first day of spring would bring a thaw to the ASX have wilted as a chill once again returns to the banks, while miners enjoy a jump in the iron ore price.
Hopes that the first day of spring would bring a thaw to the ASX have wilted as a chill once again returns to the banks, while miners enjoy a jump in the iron ore price.
Wall Street pushed higher overnight, setting up the local sharemarket for a slightly higher open.
Class action law firm Slater & Gordon is set to be owned by a consortium of international hedge funds after agreeing to a bailout that will see it emerge with a new board and strategy.
If you haven't paid attention to (or have purposefully avoided) the crypto-currency phenomenon, now is probably a good time to tune in.
The ASX emerged from August reporting season deflated by a mildly disappointing month of profit results, and undermined by heavy losses in big names.
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.
Don't believe what you read: in two important ways this has been the best reporting season in years.
More bad news for CBA shareholders and a broker downgrade to Qantas weighed on shares in the final days of earnings season.
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 | 0.7942 | 0.7937 | -0.0009fall | -0.11% fall |
AUD/EUR | 0.667 | 0.6665 | -0.0006fall | -0.09% fall |
Updated: September 1, 2017 - 11:30AM |
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 |
---|---|---|---|---|
RLE | REAL ENERGY CORP | 0.145rise | 0.081 | 0.130 |
GED | GOLDEN DEEPS | 0.041rise | 0.035 | 0.040 |
MAU | MAGNETIC RESOURCES | 0.160rise | 0.140 | 0.140 |
PAC | PACIFIC GRP LTD | 8.400rise | 7.380 | 8.130 |
ALU | ALTIUM LIMITED | 10.070rise | 8.860 | 10.030 |
AAR | ANGLO AUSTRALIAN | 0.056rise | 0.050 | 0.051 |
FWD | FLEETWOOD CORP | 3.190rise | 2.890 | 3.160 |
APX | APPEN LIMITED | 4.790rise | 4.360 | 4.750 |
BRL | BATHURST RES LTD. | 0.165rise | 0.152 | 0.152 |
RTR | RUMBLE RES LIMITED | 0.054rise | 0.050 | 0.053 |
Updated: September 1, 2017 - 11:30AM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
ICU | ISENTRIC LTD. | 0.030fall | 0.060 | 0.060 |
CGN | CRATER GOLD MIN LTD | 0.008fall | 0.010 | 0.009 |
CXZ | CONNEXION MEDIA LTD | 0.017fall | 0.020 | 0.018 |
BYI | BEYOND INTERNATIONAL | 0.680fall | 0.800 | 0.800 |
HCT | HOLISTA COLLTECH LTD | 0.090fall | 0.105 | 0.096 |
GCR | GOLDEN CROSS | 0.008fall | 0.009 | 0.009 |
EVO | EVOLVE EDUCATION GRP | 0.630fall | 0.700 | 0.700 |
REG | REGIS HEALTHCARE LTD | 3.300fall | 3.660 | 3.320 |
XPE | XPED LIMITED | 0.012fall | 0.013 | 0.013 |
VOC | VOCUS GROUP LTD | 2.270fall | 2.430 | 2.310 |
Updated: September 1, 2017 - 11:30AM |
Save articles for later.
Subscribe for unlimited access to news. Login to save articles.
Return to the homepage by clicking on the site logo.