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Gold pares gains as deal hopes buoy stocks

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Gold steadied on Friday, paring earlier gains as equity markets rose and the US dollar strengthened after US officials said they were close to finalising parts of a trade pact with China, but bullion was still on track for a weekly gain.

ASX jumps as healthcare sector surges

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The Australian share market has closed for higher for a fifth straight day - and added more gains than the rest of the week combined.

ASX jumps as healthcare sector surges

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The Australian share market has built on its early gains, helped by the healthcare sector.

Oil up despite weak demand outlook

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Oil prices extended their gains overnight, with Brent rising above $US61 a barrel as a surprise drop in US crude inventories and the prospect of further market-supporting action by OPEC and its allies offset some concern over the outlook for demand.

Gold up on US central bank rate-cut bets

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Gold scaled a near two-week peak overnight after weak economic data from the United States raised expectations for another interest rate cut by the Federal Reserve while platinum jumped to its highest level in more than three weeks.

Oil producers and CSL lead ASX higher

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The Australian share market has closed higher for a fourth day, buoyed by energy stocks as the price of crude jumped higher.

Fortescue quarterly shipments up 5%

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Fortescue Metals Group has recorded a 5 per cent rise in shipments for the September quarter, buoyed by sustained demand for the steel-making ingredient from China.

Qantas outlines HK, trade war profit hits

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Qantas has posted record first-quarter revenue but flagged a profit hit of up to $55 million from protests in Hong Kong and the US-China trade tiff.

Oil rises on surprise US crude drawdown

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Oil rose about 2.5 per cent overnight after government data showed a surprise draw in US crude stocks and as the prospect of deeper output cuts by OPEC and its allies offered support.

Gold gains as market awaits US Fed meeting

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Gold gained overnight as some investors sought refuge in the metal after UK MPs pushed the pause button on Brexit while expectations of further monetary easing by central banks lent further support.

ASX closes flat amid Brexit uncertainty

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The Australian share market has finished flat following a sluggish day amid more uncertainty over Brexit negotiations.

Westpac outlines new $341m remediation hit

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Westpac says its full-year results will be reduced by a further $341 million after the bank increased its annual provision for customer remediation to just short of $1 billion.

Rio Tinto could close NZ aluminium smelter

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Rio Tinto could close an unprofitable aluminium smelter on New Zealand's South Island after prices dropped more than 30 per cent over 18 months amid oversupply of the metal.

ASX moves lower as healthcare stocks slide

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The Australian share market has been dragged lower by weakness in sectors including healthcare and the heavyweight financials.

Oil prices up on prospects for trade deal

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trade talks with the United States but crude's gains were capped by forecasts of a build up in US stockpiles.

Gold in tight range amid focus on Fed

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Gold steadied in a tight range overnight as investors adopted a cautious approach ahead of a crucial Brexit vote while focus shifted to the US Federal Reserve's stance on interest rate cuts.

ASX climbs higher as trade tensions ease

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The Australian share market has closed higher on positive signs for easing US-China trade tensions and a deal on Brexit.

Rio Tinto targets lithium from waste rock

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Rio Tinto is studying ways to extract lithium from waste rock at a mine it controls in California, making it the latest company trying to produce the battery metal in the US for the fast-growing electric vehicle market.

Oil Search cuts outlook on mooring damage

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Oil Search has posted a 24 per cent drop in quarterly revenue and cut its 2019 production guidance after damage to a mooring system dented output.

Super Retail sales rise but margin dips

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The owner of Rebel Sport and Supercheap Auto says like-for-like sales have increased 3.2 per cent so far this financial year, but promotions to attract cautious consumers have hit margins.

ASX opens higher after positive lead

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The Australian share market has opened slightly higher after a positive lead from overseas.

Oil prices fall 1% on demand concerns

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Oil prices fell nearly 1.0 per cent overnight after comments from a US official fed concerns surrounding the US-China trade conflict, adding to worries that a slowing global economy would reduce demand for oil.

Gold prices dip as US dollar firms

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Gold eased overnight on improved appetite for riskier assets, while investors awaited further clarity from the US Federal Reserve on more possible interest rate cuts this year.

ASX flat despite tech sector turmoil

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The Australian share market has closed flat, boosted by the property sector and dragged by turmoil in tech stocks.

Afterpay 'beyond payments' as RBA monitors

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Afterpay Touch has described itself as a "marketing channel" whose service goes beyond payment processing after the Reserve Bank of Australia said it would look at whether action is needed to help retailers recover the cost of buy now, pay later services.

Oil falls on Chinese economic concerns

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Oil prices edged lower on Friday as concerns about China's economy outweighed bullish signals from its refining sector but losses were limited on hopes for progress toward a US-China trade agreement.

Gold steadies as trade tensions linger

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Gold steadied on Friday, helped by a weaker US dollar, with the possibility of a no-deal Brexit, uncertainties over US-China trade and fears of a global slowdown keeping bullion on track for a small weekly gain.

ASX slides further as rate hike hopes dim

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The Australian share market has fallen for a second day, with losses across the board as hopes dimmed for fourth cash rate cut.

Fortescue loses appeal over native title

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Fortescue Metals Group has failed to overturn a native title ruling covering its Solomon iron ore mine in Western Australia's Pilbara region.

BHP to reject coal quit call

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BHP shareholders are poised to reject a motion urging the world's biggest listed miner to suspend membership of some industry bodies judged to be at odds with goals to tackle climate change.

Oil rises after US fuel stock draws

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Oil prices rose about 1.0 per cent overnight after draws in US fuel inventories but gains were capped by a larger-than-expected rise in crude stockpiles and a series of weak economic figures.

Gold rises as growth concerns resurface

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Gold rose overnight as weak data from the United States rekindled fears of an economic slowdown and as concerns surfaced over possible risks to a new Brexit deal while supply-squeezed palladium continued its record run.