AUSTRALIAN STOCKS SLIDE AGAIN: Here's what you need to know

Brian Bielmann/AFP/Getty Images

Australian stocks closed lower.

Today’s scoreboard:

  • ASX200: 6,015.80 -32.80 -0.54%
  • All Ordinaries: 6,134.30 -31.60 -0.51%
  • AUD/USD: 0.7957 -0.0004 -0.05%

The local market dropped again, adding to yesterday’s 0.47% fall, led by the miners hit by a slide in commodity prices.

BHP fell 2.9% to $30.74, Rio Tinto 3.4% to $78.45 and iron ore miner Fortescue Metals 3% to $5.15.

Pure-play online retailer was up 5.4% to $6.96. The company listed at $1.80 in July 2016.

Top stories:

1. Home loan lending is rebounding again. According to the Australian Bureau of Statistics (ABS), total lending in November rose by 2.3% to $33.507 billion in seasonally adjusted terms.

2. The brutal crypto sell-off. The market beyond bitcoin.

3. Sirtex Medical sales better than expected. Earnings for the the six months to December expected to be to about $34 million, up 16% on the same half last year. Its shares jumped 13.9% to $17.83.

4. The number of startup venture capital deals is shrinking. Australian startup funding in venture capital was up 1.4% in 2017 to $US555.63 million ($A698.29 million), according to analysis by KPMG.

5. Consumer sentiment is at its highest level in 4 years. The latest Westpac-Melbourne Institute consumer sentiment report released.

6. 6 charts that reveal fund managers are loving stocks. The latest Bank of America Merrill Lynch Global Fund Manager survey.

7. The National Broadband Network roll out. Just one quarter of NBN users connected via fibre-to-the-node will be able to get the maximum 100Mbps speed.

8. One way to get a pay rise. PM Malcolm Turnbull used a special law to give some parliamentary staff a 30% pay rise.

9. New and useful ideas. Here’s why some people are more creative than others.

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