Gold has fallen further from an earlier nine-week high as stronger-than-expected US payrolls data boosted the US dollar and stock markets, shoring up a recovery in equities.
A volatile day of trading has capped off a brutal New Year start to the Australian share market where the bourse has recorded six straight days of losses.
The Australian share market has slipped below 5,000 at the open, continuing its disappointing week as Wall Street suffered another fall and oil prices slid to a new low.
Gold prices have climbed above $US1,100 an ounce for the first time in nine weeks as investors moved into safe assets for a fourth straight day after worries about the Chinese economy hit global st
US stocks sold off further on Thursday, giving the Dow its worst start to a year since the 30-stock index was created in 1928, dragged down by another drop in Chinese equities and oil prices at 12-
Nearly $87 billion has been wiped from Australian equities in the first four trading sessions of 2016 after another Chinese meltdown sent the local market plunging by more than two per cent on Thursday.
Western Australians opted to spend their free time travelling within the state last year, with Rottnest Island visitor numbers reaching their highest on record between July and December.
Home building approvals have suffered their biggest slide in three and a half years in November, with Western Australia’s residential construction sector expected to take a hit over 2016.
Merchandise exports were down more than 16.7 per cent for Western Australia in the 12 months to November 2015, compared to the corresponding previous period, despite a reduction in the national trade deficit.
US stocks have closed at their lowest level since early October, weighed down by fresh concerns over China and slower global growth and as energy shares tumbled with oil prices.
The latest report on the services sector from the Australian Industry Group was a bit of a worry, not just for the industries covered by the AIGroup's monthly survey, but for the rest of the economy as well.
The Australian share market has closed lower for its third straight session in the new year - and its fourth in a row - as significant events elsewhere in the world make investors nervous.
Car dealers in Western Australia will be hoping for a pickup this year, after the release of data showing a 7.9 per cent fall in new car sales in 2015 in WA, while the rest of the nation reported its best year on record.
The Australian dollar has hit another post Christmas low, as the fallout from Monday's weak Chinese manufacturing figures overshadows currency markets.
The Australian share market has dropped by about 1.6 per cent after concerns about Chinese economic growth sparked falls on major markets around the world.
Perth dwelling values took a surprise positive turn in the last month of 2015, but a property analyst predicts growth in the local housing market is still at least a year away.
The Australian share market is one per cent down after Wall Street suffered two per cent falls amid worries about the Chinese economy and renewed Mideast tensions.
Gold prices have rallied two per cent to a four-week high, buoyed by rising tensions in the Middle East and a sharp drop in stocks following weak Chinese data.
US stocks have begun 2016 sharply lower, with the Dow marking its worst start to a year since 2008.It came after weak Chinese economic data fanned fears of a global slowdown.
