Markets Live: A$ surges after retail sales jump
Australian shares are lower although a much stronger-than-expected retail sales figure lifted the Australian dollar.
Australian shares are lower although a much stronger-than-expected retail sales figure lifted the Australian dollar.
Equity markets have seen limited moves, with small selling in European indices (the DAX fell 0.8%). In the US, the S&P; 500 may have traded somewhat lower and into 2736, but the buyers have defended the 5-day moving average at 2738, however, with an hour to go the index is lower by 0.2% and eyeing its first negative close of the year.
Legendary investor Warren Buffett has weighed in on the bitcoin craze - while predicting a 'bad ending' for investors who get involved in cryptocurrencies..
Australian shares snapped a five-session streak of gains on Wednesday as investors paused after pushing shares to decade highs in recent sessions.
JPMorgan chief executive Jamie Dimon regrets having called bitcoin a "fraud" but would still not be interested in the cryptocurrency, he said in an interview on Fox Business on Tuesday.
There just aren't any bears left in the room, or at least they aren't prepared to act in any meaningful way and this seems logical (at this juncture), as swimming against the tide and going against this steamroller is a low probability outcome
Shares of Eastman Kodak surged as much as 147 per cent on Tuesday after the one-time leader in photography became the latest company to jump on the cryptocurrency bandwagon.
Rising interest rates and end of QE pose major risks to asset markets, warns bank's chief economist.
Bitcoin has sunk after website CoinMarketCap removed prices from South Korean exchanges from its calculations of digital currency rates without any warning, resulting in a steep drop in all virtual coins they track.
The risk was certainly elevated yesterday, but the trading session has been marked by a covering of USD shorts, with the USD index gaining 0.5% and EUR/USD really leading the charge lower.
The Gold Coast-based developer loaned himself real estate deposits, spending thousands on family travel and $6000 at a cuckoo clock shop.
The S&P;/ASX 200 Index rose 8 points on Monday, advancing for a fourth straight session, to a fresh decade-high level on gains in healthcare and financials stocks.
President Donald Trump keeps bragging about the stock index gains since his election but it's a different story for the greenback.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7879 | 0.7877 | 0.0035rise | 0.45% rise |
AUD/EUR | 0.6591 | 0.6588 | 0.0025rise | 0.38% rise |
Updated: January 11, 2018 - 12:20PM |
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