Iron ore miners have powered the Australian share market higher, however strong Chinese demand for the commodity could still hit a snag according to an analyst.
Investors have enjoyed a fifth consecutive week of gains on the share market, but returns are becoming limited and a climbing Aussie dollar could pose trouble.
Miners have surged on the Australian share market after developments that bode well for iron ore and coal exporters, with the main indices closing higher.
ASX investors have started the month with gains after a broad-based rally, as Australia prepares to exit recession when GDP data is published on Wednesday.
The ASX200 has had its best month on record, gains of 9.96 per cent coming from investors' belief that a coronavirus vaccine that will return the world to normal is on the way.
A second consecutive day of losses for the Australian share market and its slimmest weekly gain for November show investors may have refocused on the troubles of the pandemic, an analyst says.
Streaming services such as Netflix and Amazon Prime would have to meet Australian content requirements under a federal government proposal to help local production.
Former Reserve Bank of Australia governor Glenn Stevens once told parliamentarians that the Australian business community was lacking the "animal spirits" that were needed to drive economic growth.
An Australian mother has been left heartbroken after her attempts to help hundreds of other families with babies return home elicited silence from the government.
Gold stocks were sold heavily today after an overnight fall in the price of the yellow metal but strength in other sectors saw the ASX close solidly higher.
An early end to South Australia's coronavirus lockdown was not enough to inspire investors in a lacklustre day on the Australian share market, but they finished the week happy.
Independent senator Rex Patrick has called for charges against a military lawyer who blew the whistle on alleged war crimes by Australian troops to be dropped.
