Softer race hate law to hit CoalitionThe government’s decision to water down race hate protection laws could cost it up to six seats due to a backlash from ethnic group
The Australian dollar is treading water against its US counterpart as the greenback falls to a six-week low against a basket of currencies but the local central bank minutes fail to shed fresh light on its likely moves.
Oil prices have fallen, with US crude dropping to its lowest since November, as concerns about new supplies overshadow the latest talk by OPEC that it was looking to extend output cuts beyond June.
Gold has rallied to the highest level in nearly three weeks after a strong debate performance from French centrist presidential candidate Emmanuel Macron and as fading expectations for near-term US interest rate rise pushs the US dollar lower.
The Australian share market has closed slightly lower as falls from the major miners and the big four banks offset gains for retailers and China-exposed baby formula and vitamin makers.
The share market has opened lower after US stocks fell overnight on worries about delays in US President Donald Trump's plan to cut taxes and boost the economy.
New lending controls loomRegulators are preparing to impose a fresh wave of constraints on the banks to slow investor lending growth, crack down on interest-only loans,
Gold prices edged higher to a two-week peak on Monday as the dollar slid to a six-week low after a G20 weekend summit dominated by the US administration's protectionist stance.
Oil prices slipped on Monday, despite news that OPEC was supportive of extending a six-month deal to cut output as investors continue to grapple with worries about growing US oil output and high inventories.
The Australian dollar has managed to stay above the 77 US cents level as the US dollar weakened but the local share market is lower after an uninspiring lead from US markets on Friday.
The Australian share market has opened lower as investors take cues from a slight decline on Wall Street on Friday and a watered-down free trade commitment at the G20 meeting over the weekend.
G20 submits to TrumpTreasurer Scott Morrison has claimed credit for preserving support for global trade among the world’s top finance ministers in a re
The Australian dollar is steady against its US counterpart after mixed data in the US and an uneventful G20 meeting resulted in consolidation among most currencies.
Gold rose on Friday and was on course for its first weekly gain in three as the U.S. Federal Reserve's cautious message on interest rates left the dollar around five-week lows, making bullion cheaper those holding other currencies.
Oil prices were largely steady on Friday, finishing the week with modest gains, but speculators sharply cut long positions during last week's rout, on concerns that an OPEC production cut was failing to reduce a global supply overhang.
The major banks have driven the Australian share market higher after two of the big four increased their variable mortgage rates for investors and owner occupiers.
Soft jobs may mean Reserve Bank holds offA stumbling labour market sent the jobless rate rising to a 13-month high of 5.9 per cent last month, complicating Reserve Bank
The Australian dollar is lower against its US counterpart despite the greenback continuing its fall begun following the Federal Reserve's quarter of a per cent interest rate lift and dropping to a five-week low.
Gold has rallied for the second straight session, climbing to its highest level in more than a week after the US central bank signalled only gradual rate tightening and the US dollar slid to its lowest in five weeks.
Oil prices have slipped, as support from a weaker US dollar was offset by US crude inventories near record high levels that again has raised concerns whether OPEC-led output cuts are starting to drain a global glut.
The Australian dollar remains just shy of US77 cents but the share market has surrendered most of its early gains in the wake of disappointing jobs figures.
The Australian dollar has surged against its US counterpart, lifting more than a cent to close to 77 US cents, as the greenback falls following the Federal Reserve' interest rate rise.
Oil prices have climbed for the first time in more than a week on a surprise drawdown in US crude inventories and data from the International Energy Agency (IEA) suggesting OPEC cuts could create a crude deficit in the first half of 2017.
Spot gold has rallied more than 1.5 per cent to a one-week high, as the US Federal Reserve calls for gradual monetary tightening after raising interest rates by an expected 25 basis points.
The share market has staged a late recovery to close in positive territory for a second consecutive session, with the heavyweight mining sector the key area of strength.
PM to demand more gas supplyMalcolm Turnbull will press the nation’s gas giants to ramp up production as a short-term solution to an impending domestic
