Oil prices have risen about one per cent on growing evidence of falling Iranian crude exports before the imposition of new US sanctions, as well as a partial production shutdown in the Gulf of Mexico because of Hurricane Michael.
The S&P 500 and the Nasdaq have risen on Tuesday, boosted by a rebound in technology stocks, but gains, including on the blue-chip Dow Jones Industrial Average, were kept in check by concerns on slowing global growth.
The McGowan government will introduce its levy on foreign buyers of residential property after the WA Greens and One Nation parties supported the plan.
The state government has announced it will proceed with the sale of gaming agency TAB and introduce a new 15 per cent consumption tax on all betting in Western Australia.
West Australian Supreme Court judge Joseph McGrath and former Australian Public Service commissioner Lynelle Briggs have been appointed to lead the federal government's aged care royal commission, which is expected to take 18 months.
US stock indexes were lower on Monday, pressured by a drop in technology and energy companies and muted appetite for equities after last week's spike in Treasury yields following healthy economic data.
Oil prices almost fully recovered from a sharp drop overnight, paring losses as investors bet China's economic stimulus moves would lift crude demand in the world's number two economy.
Gold fell to its lowest level in a week overnight as investors sought safety in the US dollar on concerns about a selloff in global stocks worsened by worries over economic growth in China.
US stocks dropped for a second straight day on Friday, weighed down by another rise in Treasury yields in the wake of a solid jobs report that capped off a week of robust data.
Crude futures steadied after climbing to four-year highs, while both Brent and US crude marked weekly gains ahead of US sanctions on Iranian oil exports.
Gold edged higher as the US dollar softened on data that showed job growth had slowed more than expected last month, while a slide in stock markets burnished the appeal of bullion as a safe haven.
US stocks fell broadly on Thursday, mirroring weakness in the global markets, as government bond yields surged to multi-year highs on robust economic data and optimistic views from the Federal Reserve.
Oil prices fell overnight as the prospect of increased crude production from Saudi Arabia and Russia prompted profit-taking the day after futures hit four-year highs on a boost from imminent US sanctions on OPEC's number three producer, Iran.
Federal Labor is hoping influential Senate crossbenchers deliver crucial support for a push to guarantee no state or territory will be worse off under new GST revenue carve-up arrangements.
US shares have advanced and the Dow Jones Industrial Average closed at a record for a second day, after American economic data fuelled a rise in Treasury yields, lifting financial stocks.
Brent crude rose nearly two per cent after hitting a four-year high on overnight as the market focused on upcoming US sanctions on Iran, while shrugging off the year's largest weekly build in US crude stockpiles and reports of higher Saudi Arabian and Russian production.
Gold eased overnight after the Italian government indicated it was open to trimming its budget deficit and debt, soothing investors' nerves and prompting a wider move back into stocks and other higher-risk assets.
Gold Corporation chairman Don Mackay-Coghill has launched a broadside against the loose monetary policy of central banks in the past decade, warning it has inflated a big bubble.
Oil prices eased slightly after rallying for three straight sessions, but remained close to four-year highs on worries that global supplies will drop due to Washington's sanctions on Iran.
Gold hit its highest in more than a week overnight, vaulting the $US1,200 per ounce mark, as investors sought refuge in the metal after stock markets sold off due to anti-euro comments by an Italian lawmaker.
