A late rebound in energy and biotech shares has helped push the S&P 500 to a second straight day of gains, while Apple and other technology shares also boosted the market.
US and European stock investors have bought beaten-down shares, at least temporarily looking past another steep drop in oil prices that briefly sent US crude below $US30 a barrel.
The Australian share market has closed in negative territory for its eighth consecutive session, as energy stocks tumbled amid fears of further oil price falls.
South Australian Senator Nick Xenophon has renewed his call for an inquiry into the cause of the dramatic recent fall in the iron ore price while in Perth today, as shares in the state’s biggest miners continued to fall.
Sports, politics and business do not share a lot in common but there is one feature that links all three – and that's how a single event can turn a winner into a loser in the blink of an eye.
US stocks have broadly risen, led by Apple, as they rebounded off their worst-ever start to a year and with the corporate earnings season set to kick off.
The Australian share market clawed back some early losses but has still closed more than 1 per cent lower, chalking up its seventh straight session in the red.
US stocks have closed lower, ending a volatile week with their worst five-day start to a year ever, as sliding oil prices and lingering worries about the global economy offset upbeat US job growth.
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.
