Oil prices have jumped for a third day, lifting to their highest in three weeks after Kuwait backed an extension of OPEC production cuts to reduce a global glut.
Gold has dipped as the US dollar has strengthened, but losses were capped by continuing economic uncertainty around Britain's departure from the European Union and approaching French elections.
A third straight day of gains is taking the All Ordinaries index closer to a nine year high of 6,000 points, as investors continue to react to the failure of US President Donald Trump's healthcare reforms.
Australian stocks have edged higher in early trade on the back of a mixed finish in Wall Street, where energy stocks rose, and after rallying to a near two-year high in the previous session.
Don’t give up on tax cuts, business urgesAustralia’s top business leaders gathered in Canberra have implored the Turnbull government to keep fighting for its full compa
The Australian dollar is higher against its US counterpart despite the greenback finding support from promises of further Federal Reserve interest rate rises in 2017.
Oil prices are up more than 2 per cent as US crude inventories grew less than expected, supply disruptions continued in Libya and the OPEC-led output cut by producing countries looked likely to be extended.
Gold has edged up, hovering below Monday's one-month high as uncertainty about Brexit talks, French elections and US president Donald Trump's economic policies boosted safe-haven buying and offset a firmer US dollar.
The share market is close to a two-year high after demand for the big four banks, energy producers and miners drove a second straight day of strong gains.
Unions to lose default super gripUnion-dominated industry superannuation funds would lose their stranglehold over the $474 billion default super market under recommenda
Oil prices has risen as much as 2 per cent after a severe disruption to Libyan oil supplies and as officials suggested OPEC and other producing countries could extend an output cuts deal to the end of the year.
The share market's benchmark index has risen more than 1.3 per cent to its highest closing level of 2017 as investors put aside their anxieties over US President Donald Trump's ability to implement his agenda.
Australian shares have risen with calm returning to global markets after investors took profits following renewed pessimism about US President Donald Trump's ability to implement his agenda.
Don’t blame us for high power costsThe Turnbull government’s relationship with the energy sector has plummeted after electricity retailers reacted angrily to being scap
Oil has resumed its slide as investors remain uncertain whether producing nations will extend an OPEC-led output cut beyond the end of June in an effort to reduce a global glut of crude.
Gold has rallied more than 1 per cent after US President Donald Trump's failure to push through a healthcare reform package raises questions over his ability to deliver promised tax cuts and spending plans.
Voters lean to company tax cutsThe Turnbull government is trailing Labor badly in the eyes of voters but has a higher-than-anticipated level of support for one of its m
Gold has risen, notching its second straight week of gains as concern about the ability of US President Donald Trump to push legislation through Congress pressured the US dollar, making bullion cheaper for holders of other currencies.
The Australian share market has staged an end-of-week recovery as investors rekindle their belief that US President Donald Trump will be able to address the issue of tax cuts regardless of the outcome of his efforts to repeal Obamacare.
Australian shares are sharply higher, bucking the lead from Wall Street which closed mostly flat due to concerns over a delay to President Trump's first major reform bill's passage through Congress
Li offers more trade, at a priceChinese Premier Li Keqiang has urged Australia not to take sides as happened during the Cold War, warning strategic tensions in the regi
The Australian dollar is lower against its US counterpart, and the yen and the euro, as the local currency underperforms while the greenback remains steady.
Oil prices have dipped, struggling to recover from four-month lows because of investor concerns that OPEC-led supply cuts were not yet reducing record US crude inventories.