Treasurer Ben Wyatt has kept open the possibility of a bank tax in Western Australia, after South Australian Premier Jay Weatherill today quietly dropped his state’s planned tax on the five biggest financial institutions.
Oil prices have held steady in a tight range after briefly testing lower, with support from Middle East tensions and record long bets by fund managers balanced by rising US production.
Gold recouped some of the previous session's hefty losses on Monday as the US dollar steadied and uncertainty over a US tax reform plan stoked risk aversion, pulling equities from their recent record highs.
Crude is down slightly as expectations that OPEC and other producers will extend their production cut agreement were offset by US drillers adding the most oil rigs in a week since June, indicating output will continue to grow.
The Australian dollar is lower against its US counterpart which itself has slipped, along with equities, amid concern over President Donald Trump's planned tax reform.
Gold prices have turned lower as US Treasury bond yields rose, but losses were limited by weaker stock markets and the US dollar, which fell due to uncertainty over US tax reform.
Gold is higher as a weaker US dollar pushes prices during the session to a three-week high for the second time in successive days, while palladium dipped but stayed close to 16-year peak hit during the session.
Oil prices have risen nearly one per cent, supported by supply cuts by major exporters as well as continuing concern about political developments in Saudi Arabia.
Gold has risen and is hovering near a three-week high as the US dollar retreated on expectations of possible delays in long-awaited US tax reforms, while palladium hit its highest since 2001.
Oil prices are little changed as rising political tensions in the Middle East offset US government data showing an increase in domestic crude production and a surprise build in stockpiles.
The Australian dollar is lower after the US dollar made gains overnight and the Reserve Bank of Australia kept its interest rate unchanged after its board meeting on Tuesday.
Oil prices have settled lower after rising to the highest since July 2015 the previous day, while tension flared between Saudi Arabia and Iran, and the Saudi crown prince tightened his grip on power.
Gold prices fell 0.5 per cent on Tuesday, retreating a bit from the previous day's rally as a stronger US dollar reduced the appeal of safe-haven investments, and oil prices also dipped.
Jemma Green notched up two big achievements last month. Her company, Power Ledger, raised $34 million in Australia’s first ever ‘initial coin offering’, and she was elected deputy lord mayor of the City of Perth.
The Australian dollar is higher against its US counterpart amid escalating tension in the Middle East and as oil prices lift three per cent to a two-year high.
Oil prices have risen more than 3 per cent, hitting the highest since early July 2015, as Saudi Arabia's crown prince cemented his power over the weekend with an anti-corruption crackdown, while the US rig count fell and markets continue to tighten.
Gold has risen more than one per cent, extending gains as geopolitical risks drove investors to safe-haven assets after the metal's third-straight weekly decline.
Oil prices have risen, with US crude touching a two-year high, strengthening after US rig data suggested drilling in the United States would throttle back.
Gold has fallen to a one-week low as consensus-beating US economic data pushed the US dollar higher, outweighing the impact of a lacklustre jobs report.
The Australian dollar is slightly higher against its US counterpart after the greenback fell following the release of President Donald Trump's tax reform proposal.
Oil prices have edged up, steadying near two-year highs, with the outlook remaining upbeat as OPEC-led supply cuts have tightened the market and drained inventories.
Gold prices have pared gains after touching a two-week high, after Republicans in the US House of Representatives unveil legislation to overhaul the US tax system.
