Gold prices fell overnight as investors liquidated their long positions, but was en route to its best month since August based on massive amounts of stimulus intended to help the economy recover from the COVID-19 outbreak.
Oil prices jumped overnight after producers said they would cut output and as signs the US crude glut was not growing as quickly as many feared resulted in an upbeat close.
Western Australia has recorded zero new coronavirus cases and seven new recoveries. The state's total active cases has fallen to 36. Premier Mark McGowan has extended WA's State of Emergency by 14 days. TABs and national parks to reopen.
Department of Finance director general Jodi Cant has been recognised for her work in government, winning the Telstra Business Woman of the Year award for WA.
Australia's largest car dealership chain says it laid off 1,200 employees last month as an initial response to the COVID-19 pandemic and associated lockdowns.
Virgin Australia's administrator has disclosed that at least 20 parties have expressed interest in buying the debt-laden airline, with reports today mining magnate Andrew Forrest is among the potential bidders.
Fortescue Metals Group has upgraded its annual iron ore shipments forecast after it reported a 10 per cent rise in third-quarter shipments and said it had managed to keep a lid on costs amid the coronavirus pandemic.
ANZ Banking Group will hold off paying shareholders an interim dividend as its first-half cash profit plunges 62 per cent on a $1 billion COVID-19 hit, and the prospect of more pain to come.
Woolworths has reported a 10 per cent jump in food sales at its Australian supermarkets for the third quarter, due to panic buying amid the coronavirus pandemic.
Oil prices surged more than 10 per cent after US crude stockpiles grew less than expected and gasoline posted a surprise draw, feeding optimism that fuel consumption will recover as some European countries and US state ease coronavirus lockdowns.
Gold has fallen as optimism around the easing of coronavirus-led lockdowns and hopes of a potential treatment drug propped up risk assets, while investors awaited the US Federal Reserve's monetary policy statement later in the day.
One new case of COVID-19 was recorded in Western Australia overnight, more than 250 Australian residents arrived in Perth from South Africa this afternoon, and Prime Minister Scott Morrison has reiterated that emergency welfare measures will cease in September.
The state government and Australian Hotels Association have partnered to roll out a mandatory COVID-19 hygiene training course, ahead of a possible reopening of Western Australia’s hospitality venues in coming months.
Australian Medical Association of WA president Andrew Miller and the teachers’ union have called for personal protective equipment (PPE) to be provided for use in the classroom, in a message that runs counter to government advice.
Family Zone Cyber Safety has made two major announcements this morning ahead of its planned US expansion, securing $10 million in funding and appointing a former Google executive to its board.
US crude prices settled lower, falling about 3.0 per cent as domestic stockpiles were expected to have risen closer to record highs amid tightening storage despite plans to cut production during the COVID-19 pandemic.
WA has recorded one new coronavirus infection overnight. The state's active cases have fallen to 47. WA has received a further $4 million worth of PPE.
The Australian share market has closed down marginally after another dip in oil prices outweighed gains by the tech and consumer discretionary sectors.
A Perth clinical research company wants healthy adults and elderly volunteers to participate in one of the world's first human coronavirus vaccine trials.
Brent crude fell below $US20 a barrel and US crude plunged 25 per cent, driven lower by skittish investors fleeing the US benchmark due to lack of available storage to deal with a coronavirus-induced collapse in demand.
Gold fell on Monday as US Treasury yields rose and plans by many countries to ease coronavirus-induced lockdowns whetted investor appetite for riskier assets, but unprecedented stimulus measures from governments provided underlying support.
