Markets Live: ASX wilts ahead of Fed
The ASX sheds a handful of points, weighed down by the miners, after Donald Trump escalated his threats against North Korea and as traders wait for details from a Federal Reserve policy meeting.
The ASX sheds a handful of points, weighed down by the miners, after Donald Trump escalated his threats against North Korea and as traders wait for details from a Federal Reserve policy meeting.
​Troubled ASX-listed biotechnology group Sirtex has paid a penalty of $100,000 after allegedly breaching its continuous disclosure obligations to shareholders.
The ASX pulled off early lows to end the day marginally lower, as investors braced for the outcome of a highly-anticipated meeting of US monetary policy makers.
The Australian market is pricing in two rate hikes by the RBA over the next 12 months, despite the bank calling the top of the iron ore cycle.
Markets rocketed higher after the GFC as the US Fed unleashed quantitative easing, but now that's being reined in, markets are unlikely to slump.
It was a quiet night on overseas markets but the ASX is set for a positive open regardless.
One of the world's best trades this year, going long on emerging-market equities, is even troubling the bulls after handing investors twice the return from developed-country stocks.
A choppy session for the sharemarket ended on a weak note on Tuesday, with stocks that benefit from strong consumer sentiment suffering.
Bitcoin's price recovery suggests the cryptocurrency is beyond government intervention, as China shuts down its exchanges.
It has been 10 years since the last financial crisis, and some have already started to predict that the next one is near. But when it comes it will likely have its roots in Silicon Valley, not Wall Street.
The local sharemarket is set to edge higher at the open ahead of the release of the September RBA minutes.
The ASX starts the week on the front foot after fresh records on Wall St bolstered confidence and spurred buying in the big banks.
The Australian dollar hit two-year highs against its US counterpart this week, a handy boost to Aussies looking to buy overseas goods or holiday abroad this summer.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.8084 | 0.8082 | 0.0073rise | 0.91% rise |
AUD/EUR | 0.673 | 0.6727 | 0.0051rise | 0.76% rise |
Updated: September 21, 2017 - 4:00AM |
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 | |
CropLogic Ltd | CLI | 31/08/2017 | 0.20 |
Doriemus PLC | DOR | 03/10/2017 | 0.26 |
Fat Prophets Global Property Fund | FPP | 04/10/2017 | 1.10 |
Galena Mining Limited | G1A | 07/09/2017 | 0.20 |
GEOOP Limited | GEO | 29/09/2017 | 0.00 |
The GO2 People Ltd | GO2 | 22/09/2017 | 0.20 |
HyGieaCare Inc. | HGC | 25/09/2017 | 0.40 |
India Fund Ltd | INF | 1.00 | |
Lustrum Minerals Ltd | LRM | 10/10/2017 | 0.20 |
Magellan Global Trust | MGG | 18/10/2017 | 1.50 |
Mayur Resources Ltd | MRL | 01/07/2017 | 0.40 |
MCP Master Income Trust | MXT | 09/10/2017 | 2.00 |
Northern Cobalt Ltd | N27 | 17/08/2017 | 0.20 |
Nanollose Limited | NC6 | 10/11/2017 | 0.20 |
Okapi Resources Ltd | OKR | 0.20 | |
Prospech Ltd | PRS | 0.20 | |
Restaurant Brands New Zealand Ltd | RBD | 0.00 |
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 |
TMK | TAMASKA OIL GAS LTD | 0.004rise | 0.003 | 0.003 |
WLF | WOLF MINERALS | 0.150rise | 0.115 | 0.060 |
CLL | COLLERINA COBALT | 0.040rise | 0.031 | 0.035 |
CLA | CELSIUS RESOURCE LTD | 0.056rise | 0.047 | 0.050 |
HAS | HASTINGS TECH MET | 0.245rise | 0.210 | 0.225 |
OTI | ORIENTAL TECHNO. | 0.015rise | 0.013 | 0.004 |
GCS | GLOBAL CONSTRUCTION | 0.740rise | 0.645 | 0.600 |
Updated: September 20, 2017 - 6:50PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
KNO | KNOSYS LIMITED | 0.072fall | 0.105 | 0.105 |
NCL | NETCCENTRIC LTD | 0.020fall | 0.028 | 0.033 |
ENZ | ENZUMO LIMITED | 0.040fall | 0.055 | 0.050 |
LRS | LATIN RESOURCES LTD | 0.003fall | 0.004 | 0.003 |
NNW | 99 WUXIAN LTD | 0.046fall | 0.060 | 0.065 |
AEI | AERIS ENVIRONMENTAL | 0.220fall | 0.280 | 0.255 |
ALT | ANALYTICA LIMITED | 0.004fall | 0.005 | 0.005 |
ABV | ADV BRAKING TECH LTD | 0.005fall | 0.006 | 0.005 |
HMX | HAMMER METALS LTD | 0.030fall | 0.036 | 0.039 |
SMA | SMARTTRANS HOLDINGS | 0.005fall | 0.006 | 0.007 |
Updated: September 20, 2017 - 6:50PM |
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