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The Australian dollar is virtually unchanged against its US counterpart despite the greenback getting a significant boost from surprisingly good key US jobs figures.
Oil prices rose after a strong US jobs report bolstered hopes for growing energy demand, but crude prices declined for the week, pressured by rising OPEC exports and strong US output.
Gold has fallen one per cent after better-than-expected US jobs data boosted the beleaguered dollar and potentially cleared the way for the US Federal Reserve to raise interest rates for a third time this year.
Tabcorp has slipped to a full-year net loss of $20.8 million on the back of costs related to its proposed merger with Tatts, legal battles and its new UK business.
The Australian share market has opened lower with losses by energy stocks and the heavyweight financials, including a two per cent fall in Commonwealth Bank, weighing on the market the most.
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The Australian dollar has retraced its previous session's losses and is again higher against its US counterpart which fell in the offshore session on disappointing data.
Oil prices have fallen, as cautious buying dried up after US crude rose to near $US50 a barrel, with concern about high crude supplies from producer club OPEC offsetting the previous day's data showing record US gasoline demand.
The share market has closed lower as investors took profits, especially in the mining sector and among major oil stocks, and a disappointing earnings report from Suncorp weighed on insurance stocks.
The Australian share market has opened lower, dragged down by heavyweight miners and ignoring Wall Street's lead where the Dow rose to a new record high.
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Oil prices have edged higher, as surging US fuel demand and strong refinery runs offset data from the Energy Department that showed crude inventories did not fall as much as expected last week.
Gold has risen, nearing seven-week highs, as the US dollar fell to a 15-month low and US data showed fewer-than-expected new jobs in July, bringing into question chances of the Federal Reserve raising interest rates in the coming months.
The Australian share market has closed lower after mining and energy companies slid due to a plateau in commodity prices and the major banks lost ground.
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The Australian dollar has fallen slightly against its US counterpart after soaring above 80 US cents only minutes after the Reserve Bank of Australia left the official cash rate unchanged at 1.5 per cent.
Oil dropped about two per cent from a two-month high as major world oil producers kept pumping out supply, causing investors to worry that several weeks of steady gains had pushed the rally too far, too fast.
Gold prices rose to a seven-week high, after US economic data showed lukewarm inflation and nearly flat consumer spending, raising the question of whether the Federal Reserve will raise interest rates in the coming months.
The share market has gained ground as better than expected Chinese factory data and stronger commodity prices fuelled a rally in mining and energy stocks.
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The Australian dollar has crept higher against its US counterpart, hitting 80 US cents, as the US dollar slides around, most other major currencies tread water but commodity currencies slip.
Oil prices have risen to two-month highs, ending the strongest month of the year for crude futures, boosted in part by expectations of US sanctions against Venezuela's oil sector and as supply concerns have waned in recent weeks.
Gold has hit its highest in almost seven weeks, boosted by a struggling dollar and US economic data that cast doubt on whether the Federal Reserve will raise rates again this year.
The Australian share market has closed higher, led by mining and energy stocks, as investors took confidence from offshore markets ahead of the start of the local reporting season.
