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
Gold has jumped one per cent to its highest in nearly three months as worries about the political landscape in the United States and Europe, and a subdued dollar, reinforced investor interest.
Oil prices have fallen more than one per cent as a stronger dollar, ample US supplies and excess speculative length outweighs OPEC output cuts and rising tensions between the United States and Iran.
US stocks slipped on Monday, led by the energy sector as oil prices dropped, while investors awaited the next run of major earnings reports and sought further clarity on President Donald Trump's economic policies.
The Australian share market has given away early gains to close lower after poor domestic retail sales figures, underwhelming Chinese economic data and softening support for the major banks weighed upon investor sentiment.
Emboldened ACCC seeks higher finesThe competition regulator is vowing to pursue higher penalties against big business following a series of landmark decisions against Fli
Oil prices have risen after the United States impose sanctions on some Iranian individuals and entities, days after the White House rebuked Tehran for a ballistic missile test.
The Australian dollar is higher against its US counterpart which has slipped amid chopping trading following a smaller-than-expected rise in US wages in January.
Gold is little changed, erasing earlier losses as the US dollar came under pressure from a payrolls report that flagged up weak wage growth in January, weakening the case for near-term interest rate rises.
The Australian share market has closed lower after mining stocks fell in the wake of an unexpected move by China to raise its short-term interest rates.
Trump tries to rough up PMThe Australian-US relationship is facing its most severe test in decades following revelations of a heated clash between Malcolm Turnbull and
Oil prices have retraced early gains amid mounting tensions between the United States and Iran, but prices have still been supported by evidence that OPEC and other big exporters are cutting production.
