Markets Live: Brighter day for ASX
The ASX is inching higher, with gains in consumer staples companies working to offset more losses in the mining sector.
The ASX is inching higher, with gains in consumer staples companies working to offset more losses in the mining sector.
Father-of-three Didi made headlines after he invested everything he had in bitcoin. He's laughing now, but has no plans to cash in just yet.
Local sharemarket is set for a positive start to the day with banks set to lead the gains.
Bitcoin has hit a new record high, breaking through $US13,000 for the first time.
Australia is in a "sweet spot" of reasonable underlying economic growth and low rates, Macquarie says.
Squabbles erupt between Veriluma shareholders and administrators over the tech minnow's shell.
The ASX stumbled on Wednesday, with miners selling off after a plunge in the copper price depressed sentiment around the sector.
The digital currency bitcoin is often hailed by its supporters as a new version of gold, but the claim has been taken literally by one company, with spectacular results.
It is shaping up for a fairly soggy open for Australia and Asia more broadly, with Aussie SPI futures eyeing a close through the November uptrend at 5973 and sitting 24 points lower than the ASX 200 close at 16:10 aedt.
Favourable demographics and a fundamentally resilient economy should make Australia one of the best performing developed countries over the longer term.
A bump in the iron ore and oil prices failed to motivate the resource giants while banks were weak as well.
T. Rowe Price's global multi-asset manager remains neutral on Australian equities, saying a royal commission has not worried global investors, but an overheated US equity market has.
The twin brothers who sued Mark Zuckerberg claiming he stole the idea for Facebook are worth more than $1billion after capitalising on the astonishing rise in bitcoin.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7566 | 0.7563 | 0.0000steady | 0.00% steady |
AUD/EUR | 0.6409 | 0.6406 | -0.0004fall | -0.06% fall |
Updated: December 7, 2017 - 11:20AM |
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