Markets Live: Fed is the focus
![The Fed is the focus today.](http://web.archive.org./web/20170920030904im_/https://www.fairfaxstatic.com.au/content/dam/images/g/w/f/b/n/w/image.related.landscape.120x80.gykva8.png/1505876210807.jpg)
The ASX is mildly lower after Donald Trump escalated his threats against North Korea and as traders wait for details from a Federal Reserve policy meeting.
The ASX is mildly lower after Donald Trump escalated his threats against North Korea and as traders wait for details from a Federal Reserve policy meeting.
The Australian market is pricing in two rate hikes by the RBA over the next 12 months, despite the bank calling the top of the iron ore cycle.
It was a quiet night on overseas markets but the ASX is set for a positive open regardless.
One of the world's best trades this year, going long on emerging-market equities, is even troubling the bulls after handing investors twice the return from developed-country stocks.
A choppy session for the sharemarket ended on a weak note on Tuesday, with stocks that benefit from strong consumer sentiment suffering.
Bitcoin's price recovery suggests the cryptocurrency is beyond government intervention, as China shuts down its exchanges.
It has been 10 years since the last financial crisis, and some have already started to predict that the next one is near. But when it comes it will likely have its roots in Silicon Valley, not Wall Street.
The local sharemarket is set to edge higher at the open ahead of the release of the September RBA minutes.
The ASX starts the week on the front foot after fresh records on Wall St bolstered confidence and spurred buying in the big banks.
Asian sharemarkets are proving to be the unexpected winner in what many expect to be the final days of easy money.
Local market set to open in positive territory to start the week.
The local sharemarket is set to inch higher at the open as it looks to snap its streak of three weeks of losses.
The Australian dollar hit two-year highs against its US counterpart this week, a handy boost to Aussies looking to buy overseas goods or holiday abroad this summer.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.8015 | 0.8013 | 0.0004rise | 0.05% rise |
AUD/EUR | 0.6675 | 0.6673 | -0.0003fall | -0.04% fall |
Updated: September 20, 2017 - 11:00AM |
Company | Security Code | Float date | Issue $ |
---|---|---|---|
Australia WeTouch Technology Ltd | AWT | 0.40 | |
Biomics Biopharma Ltd | BBM | 0.20 | |
Bryah Resources Ltd | BYH | 0.20 | |
Doriemus PLC | DOR | 02/10/2017 | 0.26 |
Fat Prophets Global Property Fund | FPP | 03/10/2017 | 1.10 |
GEOOP Limited | GEO | 28/09/2017 | 0.00 |
The GO2 People Ltd | GO2 | 21/09/2017 | 0.20 |
HyGieaCare Inc. | HGC | 24/09/2017 | 0.40 |
India Fund Ltd | INF | 1.00 | |
Lustrum Minerals Ltd | LRM | 09/10/2017 | 0.20 |
Magellan Global Trust | MGG | 17/10/2017 | 1.50 |
Mayur Resources Ltd | MRL | 30/06/2017 | 0.40 |
MCP Master Income Trust | MXT | 08/10/2017 | 2.00 |
Northern Cobalt Ltd | N27 | 16/08/2017 | 0.20 |
Nanollose Limited | NC6 | 09/11/2017 | 0.20 |
Okapi Resources Ltd | OKR | 0.20 | |
Prospech Ltd | PRS | 0.20 | |
Restaurant Brands New Zealand Ltd | RBD | 0.00 | |
Registry Direct Limited | RD1 | 15/10/2017 | 0.20 |
Riversgold Limited | RGL | 10/09/2017 | 0.20 |
Code | Name | New Highs | Last Week | Last Month |
---|---|---|---|---|
NWE | NORWEST ENERGY NL | 0.010rise | 0.004 | 0.004 |
TKL | TRAKA RESOURCES | 0.031rise | 0.021 | 0.020 |
EUC | EUROPEAN COBALT LTD | 0.135rise | 0.093 | 0.078 |
WLF | WOLF MINERALS | 0.150rise | 0.115 | 0.060 |
CLA | CELSIUS RESOURCE LTD | 0.056rise | 0.047 | 0.050 |
OTI | ORIENTAL TECHNO. | 0.015rise | 0.013 | 0.004 |
GCS | GLOBAL CONSTRUCTION | 0.740rise | 0.645 | 0.600 |
ANO | ADVANCED NANO TECH | 0.044rise | 0.040 | 0.033 |
QMN | QLD MINING CORP | 0.100rise | 0.092 | 0.073 |
NWH | NRW HOLDINGS LIMITED | 1.305rise | 1.202 | 1.175 |
Updated: September 20, 2017 - 11:08AM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
NCL | NETCCENTRIC LTD | 0.020fall | 0.028 | 0.033 |
NNW | 99 WUXIAN LTD | 0.046fall | 0.060 | 0.065 |
ALT | ANALYTICA LIMITED | 0.004fall | 0.005 | 0.005 |
ACR | ACRUX LIMITED | 0.150fall | 0.175 | 0.240 |
AEI | AERIS ENVIRONMENTAL | 0.240fall | 0.280 | 0.255 |
SMG | SOON MINING | 0.120fall | 0.140 | 0.160 |
LNG | LIQUEFIED NATURAL | 0.440fall | 0.485 | 0.530 |
VBS | VECTUS BIOSYSTEMS | 1.290fall | 1.400 | 1.400 |
PLX | PYROLYX AG | 1.200fall | 1.300 | 1.380 |
PSA | PETSEC ENERGY | 0.091fall | 0.097 | 0.095 |
Updated: September 20, 2017 - 11:08AM |