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Crude oil prices have dipped, extending the prior day's steep falls, as traders considered an IEA prediction that the global oversupply will continue next year.

The Australian dollar is back below 73 US cents amid more signs that the Chinese economy is slowing down.

Gold prices are up recovering an earlier one per cent slide that was made on expectations the Federal Reserve will not lift US interest rates this year.

The Australian share market has closed lower following more bad economic news from China.

A senior Reserve Bank of Australia official has given an upbeat assessment of the Australian economy, confident that it is strong enough to resist a significant downturn.

The Australian share market has opened lower with weakness in the energy sector offsetting gains by the big four banks.

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Global oil prices have fallen sharply on worries about excessive supply and profit-taking after last week's rally.

Gold rose to its highest level since early July as expectations that the Federal Reserve will postpone an expected US interest rate hike beyond the end of the year.

The Australian dollar has hit an eight week high against a weaker US dollar on diminishing hopes of a US interest rate rise before the end of the year.

US stocks have finished higher, keeping alive the positive momentum from last week's rally despite weakness in petroleum-linked shares.

Slowing trade with China and Japan has contributed to a10 per cent fall in Western Australian merchandise exports for August, compared with the same period last year.

The Australian share market has closed nearly 1 per cent lower as investors took profits after big gains last week.

Australian shares have got off to a weak start as investors count profits after recording the market's best week in nearly four years.

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Oil has edged up in New York and slipped in London as traders book profits from the week's rally fuelled by hopes for oversupply relief from lower US crude production.

The Australian dollar hit a seven week high on expectations the US Federal Reserve will delay raising its interest rate.

Gold rose to a seven-week high after minutes from the Federal Reserve's last policy meeting showed the US central bank was in no hurry to raise interest rates.

The share market has capped off its best week in almost four years as strength in the financial and resources sectors drove a fifth straight day of gains.

The median salary paid to chief executives at Australian mining companies fell by 12 per cent over the past two years, and is set to decline further after recent cost-cutting moves by the likes of BC Iron, Sundance Resources, Paladin Energy and Poseidon Nickel.

The Australian share market has opened more than one per cent higher following a strong lead from Wall Street and the release of the US Federal Reserve's September policy meeting minutes.

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The Australian dollar is firmer against the greenback, which sagged after US Federal Reserve policymakers appeared unsettled by signs of a global economic slowdown.

US stocks have risen after Federal Reserve meeting minutes lifted confidence the US central bank would not move quickly to hike interest rates.

Gold prices have turned lower after Federal Reserve meeting minutes showed its was unsettled by signs of a global economic slowdown.

The share market has overcome a late slide to post a fourth straight gain, its longest winning streak since August.

The transport minister's refusal to provide information to parliament on the controversial Perth Freight Link was not appropriate, a report from the auditor general has found.

The state government has revealed four possible locations for a new public secondary school in Perth’s western suburbs, but the opposition says the plans are well behind schedule.

The Australian share market has climbed more than one per cent in early trade on the back of firm leads from overseas equities and commodities markets.

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Oil prices have fallen after the release of the latest US oil data showed increasing inventories and an unexpected rebound in production.