The Australian dollar is lower against its US counterpart as investors shy away from global commodity currencies, spooked by suggestions the United States may withdraw from the North American Free Trade Agreement (NAFTA).
Oil prices have rebounded from early losses after US government data showed a larger-than-expected falloff in crude inventories, which encouraged buying after several days of selling on worries that a global crude glut was persisting despite output cuts by producing countries.
Gold has recovered from a two-week low in a late-day move, buoyed by short-covering as US Treasury yields turn lower and the US dollar pares gains after President Donald Trump proposes slashing the US tax rate on corporate profits.
The share market has closed higher for a fourth straight session, while the Australian dollar has fallen due to weaker-than-expected inflation numbers.
Oil prices settled slightly higher on Tuesday in volatile trading, then were mixed after hours when an industry group's preliminary report showed a surprise build in US crude inventories.
Super boost for house downsizersRetirees who downsize by selling the family home are likely to be offered exemptions from new limits to be placed on superannuation, but
Gold prices fell to a two-week low on Tuesday as markets became less concerned that far-right leader Marine Le Pen would win the French presidential election, increasing investor appetite for risky assets such as stocks while denting bullion.
The Australian dollar is lower against the US dollar following the surprise decision by US President Donald Trump to slap tariffs on Canadian lumber entering the US.
The Australian share market has closed in positive territory for a third consecutive session with strength in financial and energy companies offsetting weakness from the miners.
The board of cleaning and catering company Spotless has rejected mining services group Downer's $1.26 billion takeover bid, describing it as hostile and highly conditional.
The Australian share market has opened higher as investors welcome the increased popularity of centrist pro-Euro candidate Emmanuel Macron in the first round of the French presidential election.
US company tax cut boostUS President Donald Trump’s ‘‘massive’’ tax reduction plan, details of which are expected on Thursday, will have direct benefit
The Australian dollar is higher against its US counterpart despite the US dollar index stengthening with traders squaring positions ahead of the weekend.
Oil prices have tumbled more than 2 per cent, notching the biggest weekly decline in more than a month on mounting evidence that US production and inventory growth were offsetting OPEC's attempts to reduce the global crude glut.
Gold prices have risen slightly with investors awaiting the first-round of voting in the presidential French election at the weekend and possible announcements about tax changes in the United States.
House wars: Labor to hit super fundsSelf-managed superannuation funds would be banned from borrowing money and foreign investors buying residential property face higher
Oil prices have ended mixed after a seesaw trading session, as investors weighed rising US production against geopolitical uncertainties and comments from leading Gulf oil producers that an extension to OPEC-led supply cuts was likely.
Gold has steadied after its biggest one-day drop in more than six weeks, with a retreat in the US dollar arresting the slide, though moves were muted as markets await the outcome of the looming French presidential election.
The share market has broken a three session losing streak as investors returned to the major banks, and a telco sector where Telstra is facing new competition.
The Australian stock market has opened higher following three consecutive negative sessions, buoyed by gains in financial, real estate and retail shares.
Oil has tumbled to a two-week low, after a surprising build in US petrol inventories and a rise in domestic crude output that is partially offsetting cutbacks by other countries trying to reduce a global glut.
Gold has fallen one per cent as the US dollar and stocks have gained, though tensions over North Korea and upcoming French and UK elections underpinned demand in the safe-haven asset.
How Turnbull saved Abbott’s skinMalcolm Turnbull intervened personally during the final week of last year’s election campaign to help ‘‘save’’ Tony Abb
The share market has fallen for a third straight session, pulled back by weakness in the financial and energy sectors as geopolitical concerns continue to weigh on investor sentiment.
Students face higher ed budget cutsUniversity students could be hit with higher fees and graduates required to pay back their loans faster than at present under a revam
