The Australian dollar is lower against its US counterpart which has risen against a basket of currencies on re-ignited hopes of a US Federal Reserve interest rate rise.
Gold prices have slipped as the US dollar rises and global equities climb, but political and economic uncertainties in the United States and Europe are expected to provide support for now.
Oil has fallen by about 2 per cent, the most since mid January, as a stronger dollar and signs of rising US crude output pressured prices while an OPEC report showing high compliance with last year's production-cut deal underwhelmed investors.
Some encouraging company earnings reports, a positive lead from US markets and higher commodity prices have helped lift the Australian share market by about 0.7 per cent to its best close in a month.
The Australia share market has gained ground, thanks to investor demand for growth stocks, including Rio Tinto, BHP Billiton and Woodside Petroelum, after Wall Street hit record highs.
Property, health CEOs nudge out bankers, miners in top pay ranksExecutive pay growth has ground to a halt with most of the big bank bosses falling out of the top 10 mos
Oil prices have risen after reports that OPEC members deliver more than 90 per cent of the output cuts they pledged in a landmark deal that took effect in January.
Gold has steadied, but remains below this week's three-month top as the US dollar and Treasury yields came off their highs after the currency initially jumped on US President Donald Trump's promise of a major tax announcement.
Australian shares closed stronger, buoyed by record highs on Wall Street and investor hopes the local earnings season won't be as bad as initially feared.
Tax hit to foreign investorsAustralia hit a ‘‘historic low’’ yesterday with the introduction of a politically motivated diverted profits tax (DPT) that will crimp the e
Oil prices have held onto gains after an unexpected draw in US petrol inventories pointed to higher demand in the world's biggest oil market, although bloated crude supplies meant that fuel markets remain under pressure.
Gold has slipped from a three-month high in the previous session after robust US economic data pointed to a stronger economy, increasing the likelihood that the Federal Reserve will raise US interest rates.
Wall Street stocks surged to record highs on Thursday and the US dollar and bond yields rose after US President Donald Trump said he would release a "phenomenal" tax plan in the next few weeks.
The share market has edged higher as investors digested mixed earnings reports from the likes of miner Rio Tinto, investment manager AMP and AGL Energy.
A slip in the major miners is weighing on the Australian stock market as investors digest Rio Tinto's overnight profit result and investors bid up energy and industrial stocks.
Turnbull’s class war fightbackPlans to raise the pension age to 70 have been put on the backburner and the government has forgone more than $2 billion in planned savings in a bid to convin
The Australian dollar is little changed against the US dollar which has been pressured by the decline in US bond yields as investors price out a March rate rise by the Federal Reserve.
Oil prices have gained slightly as investors covered short positions after a rise in US crude inventories was not as massive as many had feared, while petrol futures jumped nearly 4 per cent after a surprise decline in inventories of the fuel.
Gold has risen to a three-month peak, as political risks posed by elections in Europe and worries over US President Donald Trump's policies stoked safe haven demand.
The share market has gained ground due to strength among the big four banks, well-received earnings reports from Carsales.com and construction firm CIMIC, and a higher price for iron ore.
RBA gets bullish on economyThe Reserve Bank of Australia has delivered a markedly more positive outlook for the global and domestic economies, saying this is likely to put
The Australian dollar is sharply lower against its US counterpart after the US dollar gained for a fifth straight session, rising to a more-than-one-week high.
Oil prices have fallen, pressured by sluggish demand and evidence of a burgeoning revival in US shale production that could complicate efforts by OPEC and other producers to reduce a supply glut.
Gold has slipped from a three-month peak, pressured by earlier strength in the US dollar as the euro fell on weak German industry data and nervousness ahead of the French elections.
The share market and Australian dollar got a boost from the Reserve Bank of Australia's decision to hold rates steady, as it pointed to an expected pick-up in mining exports.
ATO blitz on foreign investors raises infrastructure fearsMajor companies and their advisers are shocked by a Tax Office crackdown on a trust structure that they say will double
