Markets Live: All Ords past 6000
Investors celebrate 10 years since the ASX peak with a solid day of trade that sends the All Ordinaries index past 6000 points for the first time since the GFC.
Investors celebrate 10 years since the ASX peak with a solid day of trade that sends the All Ordinaries index past 6000 points for the first time since the GFC.
As expected, rates were kept on hold but outlook is positive.
While the ASX is rallying towards the psychologically key 6000 level, that's a relatively tame advance compared to the gains on offer in the S&P; 500.
Investors celebrated 10 years since the ASX peak with a solid day of trade that sent the All Ordinaries index past 6000 points for the first time since the GFC.
The local sharemarket is poised to start the new month in positive territory.
A lacklustre day of trading on Tuesday capped a solid month of broad-based gains for the ASX, with the big banks and miners spearheading the climb.
OIl and gold prices will likely stay higher for longer, say Macquarie analysts, who have crunched a century of market data to plot the new commodity cycle.
President Donald Trump's proposal to slash US corporate taxes should substantially benefit a number of locally listed companies with American operations, Citi strategists say.
The local sharemarket is tipped for a tepid finish to the month with futures pointing to a flat start to the day.
The ASX was largely boosted by investor appetite for most of the banks and energy stocks, though Myer suffered some investor displeasure.
Big private equity firms - and lots of other people with money - are looking for a way to get into Warren Buffett’s buy-and-hold model of investing. It isn’t easy.
Bitcoin is surging. But how secure are digital currencies for investors?
The full-on retreat in the Australian, Canadian and New Zealand dollars is mostly self-inflicted.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7676 | 0.7675 | 0.0020rise | 0.26% rise |
AUD/EUR | 0.6605 | 0.6603 | 0.0031rise | 0.47% rise |
Updated: November 2, 2017 - 7:30AM |
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