Markets Live: Soft end to solid month
![Shares are poised to open lower.](http://web.archive.org./web/20171129224353im_/https://www.fairfaxstatic.com.au/content/dam/images/g/x/8/p/u/k/image.related.landscape.120x80.gzvl6x.png/1511995320954.jpg)
Futures are pointing to a soft end to a strong month for the ASX, with banks likely to be a focus today after backing a bank-sector inquiry.
Futures are pointing to a soft end to a strong month for the ASX, with banks likely to be a focus today after backing a bank-sector inquiry.
It's been a funny old session with a number of markets showing a pick-up in range expansion.
Bitcoin is going from strength to strength, but its list of critics is growing.
Gains for the big four banks helped the ASX to advance on Wednesday, with the benchmark closing firmly over the key 6000 level.
'Continuity candidate' Jay Powell is poised to take the top job at the Federal Reserve at a time of increasing debate around how monetary policy should be implemented.
Bitcoin's hyper-frenzy saw exchanges pummelled with trading volumes on Wednesday as Bitcoin surged above $US10,000 for the first time in the technology's history.
When in doubt buy risk assets has been the message we have been provided with once again.
Even if your bitcoin investment goes up in smoke, take solace in knowing you will have helped make the world a better place.
Australian shares ended a choppy session on a sour note on Tuesday, with losses for miners and banks pressuring the ASX.
The economy may be "mixed at best", but Deutsche Bank Aussie equity strategists see opportunities to add some "Christmas cheer" to your shares portfolio among the battered listed retailers.
About a third of the customers queuing at La Maison du Bitcoin's teller windows in Paris aren't speculating on the value of the cryptocurrency. They're sending digital money home to Africa.
We are staring at a fairly flat start for Australian and Japanese equities indices on open this morning, although China is the market to watch and another day of reasonably heavy selling may impact sentiment across the region to an extent.
Bitcoin's relentless and volatile rally shows no sign of abating, with the world's largest cryptocurrency defying growing bubble fears to hit yet another milestone.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7573 | 0.7572 | 0.0002rise | 0.03% rise |
AUD/EUR | 0.6391 | 0.6388 | -0.0001fall | -0.02% fall |
Updated: November 30, 2017 - 9:39AM |
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