Oil prices tumbled by about 8 per cent a barrel overnight, fuelled by renewed concerns about demand destruction as new cases of coronavirus tick up globally, while crude inventories hit a record in the United States.
Gold eased overnight as the dollar firmed but fears over a fresh wave of coronavirus infections and the US Federal Reserve's pledge to keep interest rates low kept bullion close to its highest in over a week.
Alliance Aviation Services is seeking to raise up to $121.9 million to buy more jet aircraft to service additional charter customers in the mining, tourism and regional markets.
JB Hi-Fi has bumped up its full-year profit guidance following a surge in sales since March as customers forced to work from home boosted demand for home appliances and technology products.
Stocks on the Australian market have slipped by more than one per cent in early trade after a bearish outlook by the US Federal Reserve hit sentiment among local investors.
Oil rebounded from earlier losses overnight, even as US data showed crude inventories rose to a record high, reviving worries of a persistent glut due to weak demand.
Gold rose nearly 1 per cent to a one-week high overnight after the US Federal Reserve held onto its pledge to ease the economic pain from the coronavirus pandemic, boosting bullion's safe-haven appeal.
The Australian share market has finished marginally higher in a seventh straight day of gains, ahead of a key meeting by a US Federal Reserve committee.
Oil prices rose overnight, as optimism about recent commitments from major oil producers to curb production offset concerns that a resurgence in coronavirus cases could hurt fuel demand.
Gold jumped more than 1 per cent overnight as risk appetite took a back seat with cautious investors awaiting clarity on the state of the economy and further stimulus from the US Federal Reserve's policy meeting.
Australia's unemployment rate is expected to hit eight per cent when wage subsidies, but the forecast is looking less grim as the health situation improves.
Hundreds of people have rallied outside Rio Tinto's headquarters to protest the mining giant's destruction of a significant indigenous site in Western Australia.
Saracen Properties and Security Capital Australia have announced the development of a $100 million, five-star spa and resort in Margaret River, a boon for the South West region's tourism industry as it pursues a post-pandemic revival.
Wesfarmers says it is seeing significant demand growth in its Bunnings and Officeworks businesses as customers spend more time at home, amid coronavirus restrictions.
Eastern states-based fly-in, fly-out workers, who work and temporarily live in Western Australia due to COVID-19 border restrictions, are being offered incentives to permanently relocate and help boost the state's economy.
Oil fell more than 3 per cent overnight after OPEC+ nations agreed to extend output cuts, but Saudi Arabia and two other Gulf producers said they would not maintain supplemental reductions that amount to more than a million barrels of daily supply.
The Australian share market is tipped to move into the 6,000-level following better-than-expected US jobs figures, higher commodity prices and a continued tail-off in Australian coronavirus cases.
Former Channel 7 reporter and current 6PR weekend presenter Mark Gibson has declared he will run for Lord Mayor of the City of Perth in October’s election, becoming the third candidate to announce a bid for the top job.
Parents will have to pay childcare fees again from July 13 as demand grows for services and early educators will stop receiving JobKeeper payments the following week.
A wave of home-building and renovation work is the goal of a $444 million stimulus package unveiled by the state government as it seeks to pull the state economy out of a coronavirus-induced downturn.
Wall Street has surged after a strikingly upbeat May jobs report unexpectedly provided the clearest evidence yet that the US economy is headed for a quicker-than-anticipated recovery.
