Markets Live: Rally rolls on
Shares are stronger in morning trading, with the benchmark extending gains beyond the key 6000 mark as miners advance.
Shares are stronger in morning trading, with the benchmark extending gains beyond the key 6000 mark as miners advance.
Investors have poured into Australia's only listed daigou business, boosting the share price more than 25 per cent this week.
One year on from Donald Trump's election victory, you could say it has been a perfect year for markets.
Bitcoin jumped as much as 11 per cent to $US7,882 after the main architects behind an upgrade to its underlying technology cancelled their controversial plans.
Shares on Wednesday managed to cling to sharp gains made in the previous session where the benchmark managed to cross the key 6000 level.
Technical analysis of the unorthodox Bitcoin market have led Goldman Sachs to believe the major cryptocurrency is set to consolidate at $US8,000 a coin.
The 'celebrations' of the ASX 200 trading above 6000 are seemingly short-lived.
When the market hit the 5000 mark for the first time since the GFC in early 2013, it spurred me to plan the launch of the first listed investment company to provide investment and social returns.
The ASX 200 sharemarket index achieved a key milestone on Tuesday when it closed above 6000 points for the first time since the GFC.
We shouldn't be surprised that the All Ordinaries and ASX 200 indices hit 6000 points, but the sluggish performance of the banks will drag on future growth.
Get excited about the S&P;/ASX 200 if you wish, but it really doesn't matter that much.
The ASX 200 climbed back over the 6000 level for the first time in almost a decade on Tuesday, with resources and banks fuelling the advance.
Bitcoin jumped as much as 11 per cent to $US7,882 after the main architects behind an upgrade to its underlying technology cancelled their controversial plans.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7678 | 0.7676 | 0.0001rise | 0.01% rise |
AUD/EUR | 0.6624 | 0.662 | 0.0002rise | 0.03% rise |
Updated: November 9, 2017 - 1:00PM |
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