Oil has fallen ahead of a possible increase in OPEC crude supply, and as an escalating trade dispute between the United States and China unleashed sharp selloffs in many global markets.
Western Australians still have higher median incomes than those in other states despite recent softening, according to data released today, with Ashburton and Peppermint Grove the nation’s top local government areas by the measure.
Oil prices have risen in volatile trade as market participants lower their expectations for how much OPEC might increase production and investors assess the impact of a trade dispute between the United States and China.
The price of gold has held close to five-and-a-half-month lows, with a strong US dollar offsetting the upward influence of an escalating trade dispute between the United States and China.
The Australian dollar has slipped a little further against its US counterpart as the spat between the US and China over trade hurts commodities and commodity currencies, including the Aussie.
Oil prices have fallen more than $US2 a barrel after two of the world's biggest producers indicated they might increase output at next week's OPEC meeting, while US exports were threatened by potential Chinese tariffs on crude oil and refined products.
Gold prices have slumped to a near-six-month low, as investors from China jittery about trade skirmishes with the United States unloaded bullion, and others joined the selling spree after prices breached below technical support of $US1,290 per ounce.
Gold prices have risen to a one-month high after the European Central Bank pledged to keep interest rates steady through to the northern summer of 2019 and investors fret over weak Chinese data.
Oil prices are mixed, with Brent slipping and WTI gaining, as a stronger US dollar weighs and a key supply-setting meeting of the Organization of the Petroleum Exporting Countries looms.
Western Australia’s unemployment rate fell slightly in May to 6.4 per cent despite the local economy losing nearly 2,000 jobs, according to the latest data from the Australian Bureau of Statistics.
The Australian dollar is a little higher against its US counterpart after a jump then fall in the greenback following the Federal Reserve's lifting of its key interest rate by a quarter of one per cent.
Oil prices have turned positive after a bigger-than-expected decline in US crude inventories along with surprise drawdowns in petrol and distillates indicated strong demand in the world's top oil consumer.
The Chamber of Commerce and Industry of WA said today it was disappointed the Western Australian Industrial Relations Commission had agreed to lift the state’s minimum wage by 2.5 per cent.
The Australian dollar is lower after the US currency strengthened following a report that Federal Reserve chair Jerome Powell was considering more post-meeting press conferences.
Oil prices have closed mixed, with US crude settling higher before falling in post-settlement trading, and Brent slipping as investors prepared for a key meeting of the OPEC producer group next week.
Gold prices remain locked just below $US1,300 an ounce as investors wait for clues on the pace of US interest rate rises following the impending conclusion of a Federal Reserve policymaking meeting.
Australia outperformed most other jurisdictions as a destination for Chinese direct investment in 2017 despite a fall in flows and declining confidence in the country as a safe location for capital, according to KPMG.
Oil prices are little changed as comments from the Iraqi oil minister casts doubt as to whether the Organization of the Petroleum Exporting Countries will decide to boost output at its upcoming meeting.
Gold has inched higher, as investors anticipate the US central bank monetary policy meeting this week that is expected to boost interest rates, and ahead of a US-North Korea summit.
The state government has today released a report outlining the key advantages to setting up a new national space agency in Western Australia, but the opposition says more needs to be done to secure federal support.
Securing union support for his bid to introduce competition into the local electricity retailing market will be a major test of Ben Wyatt’s political and negotiating skills.
