The S&P 500 and the Dow Jones Industrial Average have edged higher after White House economic adviser Larry Kudlow said an upcoming meeting between US President Donald Trump and his Chinese counterpart is an opportunity to "turn the page" on a trade war.
Oil prices fell more than one per cent overnight, in conjunction with sagging stock markets after US President Donald Trump threatened more tariffs on Chinese imports ahead of the coming G20 summit.
Gold fell overnight to its lowest in more than a week, as the dollar rallied after comments from US Federal Reserve Vice Chair Richard Clarida bolstered expectations that the central bank would continue raising interest rates.
The Australian share market has closed higher after a positive afternoon of trading, buoyed by the financial sector and supported by commodity-related stocks.
Resolute Mining has announced plans to list on the London Stock Exchange, just a day after fellow Africa-focused miner MOD Resources was admitted to the LSE.
Western Australian small and medium enterprises are the second least confident of all states and territories, but are the most optimistic for the long-term future, a survey of 1,000 SME operators has revealed.
The federal government will lay out its tax and spending plans unusually early in 2019, after the budget brought forward by a month to allow for an election in May.
BHP Group has identified a new copper find near its Olympic Dam operations in South Australia, as speculation continues that Rio Tinto has also made a big copper discovery, in the Pilbara.
Oil prices have risen about three per cent, clawing back some of the previous session's steep losses, although gains where capped by uncertainty over global economic growth and further signs of increasing supply, including record Saudi production.
Gold firmed overnight, supported by uncertainty over the future pace of US interest rate hikes and the outcome of the G20 summit later this week when global leaders will focus on trade tensions.
Resolute Mining has signed a joint development agreement with Africa-focused power developer Ignite Energy to set up a 40-megawatt hybrid solar, battery and fuel oil plant at its Syama gold mine in Mali.
The Australian share market suffered broad-based losses but it was the commodity-related stocks bleeding red which was the biggest drag on the indices.
WestStar Industrial subsidiary Simpec has won a $1.7 million contract at Iluka Resources’ Cataby mineral sands project, located approximately 150 kilometres north of Perth.
Mining and energy stocks have plunged more than two per cent each, bleeding red all over the Australian share market in a commodity-fuelled opening dive.
US stocks have closed lower in a shortened post-holiday trading session as the energy sector tumbled on continued weakness in oil prices, and the benchmark S&P 500 confirmed its second correction of 2018.
Gold prices have slipped as investors banked on the safety of the dollar over worries about a slowdown in the global economy, exacerbated by a sharp decline in oil prices.
Oil prices have slumped up to nearly eight per cent to the lowest in more than a year, posting the seventh consecutive weekly loss, amid intensifying fears of a supply glut even as major producers consider cutting output.
The Thanksgiving holiday in the US led to a stagnant day of trading on the Australian share market, where banking and energy stocks recouped value and lifted the indices higher.
The Australian share market has edged lower during volatile early trade, dragged down by the miners and energy stocks but lifted by retailers and consumer stocks.
Oil prices dipped overnight after US inventories swelled to their highest level since December adding to concerns about a global crude glut but OPEC talk of an output cut limited losses.
The Australian share market has pushed off from the depths of recent lows and closed higher for the first time this week due to broad-based gains to the indices' major sectors.
Junior gold miner Echo Resources has appointed former Eastern Goldfields chief executive Victor Rajasooriar as its new leader, effective today, after former chief executive Simon Coxhell resigned in October.
Former ATCO Gas Australia president Pat Donovan has been announced as the new chief executive of the Water Corporation, replacing Sue Murphy after a 10-year tenure.
Perth house prices and sales volumes are unlikely to improve significantly next year but rental rates could increase, according to the Real Estate Institute of Western Australia.
