US stocks have tumbled after warnings from Caterpillar Inc and Nvidia Corp added to concerns about a slowing Chinese economy and tariffs taking a bite out of US corporate profits.
Gold was little changed on Monday, hovering near the $US1,300 mark as investors awaited further developments on the US-China trade dispute and the Federal Reserve's interest rate trajectory.
Oil has fallen more than three per cent, heading for its biggest one-day percentage drop in a month due after an increase in US crude drilling pointed to further supply growth.
The Australian share market has powered into Friday's close on a ten-week high thanks to strong performances by the energy and financial sectors despite AMP's woes.
AMP has flagged a 96 per cent drop in full-year profit and a drastically smaller final dividend after confirming it will set aside another $200 million to cover the cost of customer remediation related to issues heard at the banking royal commission.
Gold has steadied following initial losses, supported by uncertainties surrounding the government shutdown in the United States and its trade relations with China, but gains were capped by a stronger dollar.
US oil prices have risen by one per cent, boosted by the US threat of sanctions on Venezuela, but gains were capped by record high gasoline inventories and an unexpected big build in crude stocks in the United States.
Former advertising executive Al Taylor has been appointed chief executive of hospitality and brewing business Triple-1-Three, which was set up by former Sunset Events directors David Chitty and James Legge.
The Australian share market has inched higher thanks to a buoyant energy sector, although financial and mining stocks are keeping overall gains in check.
The Morrison government is considering pre-election cash handouts to pensioners and families in an effort to make sure the entire electorate will have a reason to vote for the Coalition, not just those who will benefit from already legislated tax cuts.
Gold prices have steadied, clawing back from losses made earlier in the session, as a recovery in stock markets fizzled out on concerns over geopolitical and economic uncertainty, triggering investors to seek safety in the metal.
Oil prices have fallen, following most US stock markets lower, on concerns about global economic weakness, forecasts for record US shale production and declining US gasoline prices.
US stocks have risen as strong earnings from IBM, United Technologies and Procter & Gamble led a rebound for Wall Street from its second biggest decline in 2019.
Shadow treasurer Chris Bowen has said he is concerned about risks to Australia from the slowing world economy, so Labor must implement all its $200 billion-plus in pledged tax rises to arm the federal government with a bigger fiscal ‘‘buffer’’ to counteract any global downturn.
Oil prices dropped about two per cent overnight due to concerns the world's stumbling economy could pinch fuel demand as US shale fields surge and cuts by Russia come in below expectations.
Gold held firm overnight, propped by interest from investors seeking refuge from concerns over slowing global growth, while gains for the metal were limited as the dollar held near a multi-week peak.
US stocks have ended lower, snapping a four-session rally, as a gloomy global economic growth outlook, trade concerns and disappointing company forecasts dampened sentiment.
The Australian stock market has closed lower for the first time in six days dragged heavily by financials, but remains on a six-year high comparatively for January.
Heavyweight financial stocks have extended their losses and the big miners are also dragging the Australian share market lower amid a subdued growth outlook.
Rod Jones, who quit as chief executive of Navitas in 2017 only to return as part of a private equity-led takeover offer, says more staff and an improved experience for students is needed to get the most out of the university partnerships business.
Oil prices have edged up, reversing earlier losses, as investors shrugged off data that confirmed China's slowing economy and instead latched on to positive supply-side drivers for the market.
Gold has slipped to its lowest level in almost a month as a firm dollar and greater risk appetite outweighed support from an expected pause to increases in US interest rates.
Australian shares are higher as renewed US-China trade optimism lifts global equities, with the local energy and financial sectors particularly buoyant in early trade.
