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Gold edged lower overnight as global stock markets gained with investors focusing on some upbeat economic readings from mixed Chinese economic data while a firm US dollar further weighed on bullion.

Oil prices sank about one per cent overnight on signs that the impact of a tropical storm on US Gulf Coast production and refining would be short-lived while Chinese economic data dimmed the crude demand outlook.

The Australian share market has fallen for a second day, with nearly every sector in the red despite a positive lead from Wall Street last week.

The Australian share market has opened sharply lower as all sectors started the day in negative territory.

Oil prices were little changed on Friday as US Gulf of Mexico crude output dropped by more than half from disruptions caused by a tropical storm but concerns over a global crude surplus in the months ahead limited gains.

Gold prices inched higher on Friday as investors shrugged off concerns that stronger-than-expected consumer inflation in the United States could influence the US central bank's decision on aggressive monetary policy easing.

Mining wages hit boom-time highs

The Australian share market has finished lower, ending a lacklustre week on a negative note ahead of a raft of economic data due from China.

The Committee for Economic Development of Australia has announced the appointment of Diane Smith-Gander as its new chairperson, alongside two other board appointments.

The Australian share market has opened lower, with only the financial sector able to make any gains.

Now the really big Australian

Gold prices slumped one per cent overnight, erasing gains posted earlier in the session after stronger-than-expected consumer inflation in the United States cast doubts whether the US central bank will cut interest rates as aggressively as expected.

Oil prices fell overnight as OPEC forecast slower demand for its crude next year, with crude futures easing from their highest in more than a month after US producers cut about half of their output in the Gulf of Mexico ahead of what could be one of the first major storms of the Atlantic hurricane season.

The Australian share market has risen for a second day, with gains across the board after US Federal Reserve Chairman Jerome Powell sent a strong signal overnight that the central bank was ready to cut interest rates.

Research into the role exercise can play in helping cancer patients has Rob Newton in the running for a gong at the 2019 Premier’s Science Awards, the finalists for which were announced last month.

Plan needed to avoid ‘infrastructure chaos’

Oil prices rose 4.5 per cent a barrel overnight to their highest level in more than a month after US crude inventories shrank and as major producers cut nearly a third of offshore Gulf of Mexico production ahead of an expected storm.

Gold prices recouped losses to rise more than one per cent overnight as the US dollar slid after US Federal Reserve Chairman Jerome Powell fanned expectations of an interest rate cut, citing risks to the US economy.

The Australian share market has closed higher as every sector except for the miners rallied ahead of highly anticipated testimony by the US Federal Reserve chairman Jerome Powell.

Former Chamber of Minerals and Energy of WA chief executive Reg Howard-Smith has been appointed chairperson of the Waste Authority for a three-year term, replacing Marcus Geisler, who had served in the role since 2008.

Tourism Minister Paul Papalia today announced a suite of international marketing campaigns as part of what the government is calling the biggest international marketing push in the state's history.

The Department of Communities has awarded four contracts as part of a new support program for Aboriginal housing and public housing clients.

The Australian share market has jumped at the start of trade as almost every sector joined an early rally.

Oil futures rose overnight as Middle East tensions and OPEC supply cuts kept global benchmark Brent crude above $US64 a barrel, while gains were limited by the US-China trade dispute that has dragged on the global economy and crimped oil demand.

Gold edged up overnight after falling to a one-week low earlier in the session as investors used the drop in prices to buy the yellow metal, with bullion holding a key technical level.

High-level support for Woodside on LNG

The Australian share market has closed down for a second day as banks and tech stocks dragged on the market.

Greg Riebe and the Perth Angels have been working for the past decade to grow the angel investment sector in WA.

The Australian share market has opened flat as the big miners and the major banks pulled in opposite directions.

$145m decline in house values

Oil prices steadied overnight as tensions over Iran's nuclear program countered concerns about whether slowing global economic growth would hit oil demand.

Gold prices edged lower overnight as increasing expectations that the US Federal Reserve will not aggressively cut interest rates later this month boosted the US dollar, making gold expensive for holders of other currencies.