The Australian share market has opened lower, hurt by losses across the board following a disappointing session on Wall Street and a rally in the US dollar.
US stocks slipped after strong US economic data stoked concerns about the impact of a potential Federal Reserve interest rate hike this year and a drop in technology shares, while European stocks and the dollar hit multi-week highs.
Oil prices have fallen, with Brent losing nearly two per cent, as the US dollar rallied and glut worries grew amid forecasts for higher US crude stockpiles and Iran's remark that it was on target to reach peak production.
Gold has fallen to a six-week low after Federal Reserve officials sounded a hawkish note on interest rates, boosting the US dollar, while attention turned to US payrolls data this week for further clues on the pace of rate hikes.
More checks on banksThe Turnbull government is contemplating further curbs on the banks in a bid to head off attempts by Labor to woo dissenting Coalition MPs into support
The Australian share market lost steam throughout the afternoon session to close slightly higher as gains in health care, resource and banking stocks offset losses in Woolworths and Telstra.
Gold has rebounded from a near-five-week low as the US dollar dropped, shrugging off earlier pressure by top Federal Reserve officials' comments fuelling speculation that US interest rates would rise sooner rather than later.
Mining bust blamed for truck crashMcAleese chief executive Mark Rowsthorn has blamed the resources slump for the collapse of the beleaguered transport gro
PERTH is good value for money as far as the world’s most liveable cities go, analysis by Business News has found, on the back of the city being rated as the world’s seventh most liveable city accor
Programmed Maintenance Services has scrapped its maintenance labour agreements with Carlton & United Breweries in Victoria to avoid clashing with unions.
Gold has pared gains, while the US dollar has turned up and US stocks have fallen, as investors struggle to decipher the timing of a US interest rate increase following comments by Federal Reserve Chair Janet Yellen and other officials.
The Australian dollar has lost ground against the greenback after the US central bank left the door open for an interest rate hike as early as September.
Oil prices are largely unchanged following a volatile session, as traders reacted to comments from Fed Chair Janet Yellen and reports of missile activity in Saudi Arabia.
US awards $5 million to BHP Billiton whistle-blowerThe US government paid a bounty of nearly $5 million to a former employee of Australian mining giant BHP Billito
The share market has lost ground as investors moved cautiously ahead of a speech by US Federal Reserve chair Janet Yellen which could provide clues on the timing of a US interest rate hike.
Oil prices have risen one per cent on US-Iran military tensions in the Gulf and speculation the US dollar will fall on a monetary policy speech due from the US Federal Reserve chair.
The Australian dollar is slightly lower against the greenback as traders wait for US Federal Reserve chair Janet Yellen to speak at a global central bankers meeting.
Gold has hit four-week lows, under pressure from upbeat US data in the run-up to a speech by Federal Reserve Chair Janet Yellen this week that will be watched for clues on monetary policy.
Recession warning falls on deaf earsThe Turnbull government will blitz the Parliament with budget and economic reform bills next week to maintain the pressure on Labor and
Resource heavyweights, including Rio Tinto and BHP Billiton, weighed on the Australian share market on Thursday amid another wave of mixed company earnings results.
A judgement ordering One Nation senator-elect Rod Culleton and his wife to pay former Wesfarmers director Dick Lester more than $200,000 in damages has been upheld.
Gold has dipped one per cent to a four-week low as the US dollar has strengthened and markets look ahead to a speech by Federal Reserve Chair Janet Yellen that will be closely watched for further clues on US interest rate policy.
The Australian dollar is trading higher against the US greenback as the market considers the prospects of a US interest rate rise ahead of a highly anticipated speech by US Federal Reserve chair Janet Yellen.
