Oil prices has settled higher on growing hope that OPEC might agree to extend production cuts long enough to reduce a global crude glut, but crude prices still posted a weekly decline.
Gold has closed higher as forecast-beating eurozone inflation data boosted the euro versus the US dollar, while global stock markets retreated from Wednesday's record highs on concerns about global trade.
The Australian share market has eked out a tiny gain to close higher for a sixth straight session, despite a mixed performance in the heavyweight banking and mining sectors.
Budget debt will finance airport, railThe Turnbull government will help fund inland rail and is almost certain to build, own and operate the $6 billion second Sydney ai
The Australian dollar is down against its US counterpart, hitting a four-month low after US president Donald Trump again targeted the imports issue, before retracing some lost ground.
Crude prices are slightly lower after a volatile session, as the restart of two key Libyan oilfields and concerns about lacklustre petrol demand feed concern over whether major oil producers can alleviate the glut of global inventories.
Gold has resumed its downward slide from a five-month high in mid-April, giving up gains that came after US president Donald Trump announced unfunded tax cuts, while comments from European Central Bank president Mario Draghi weakened the euro.
The share market has posted a modest gain as strength in the heavyweight financial sector offset a slump in energy stocks as the federal government flagged potential restrictions on gas exports.
The Australian share market is flat and struggling to gain momentum with a lack of local data and uninspiring leads from overseas failing to excite investors.
PM slaps export limit on LNGThe Turnbull government will hit Australia’s largest gas producers with limits on their exports in new measures to avert an east coast gas c
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.
