Oil prices have edged up in cautious trade as expectations of higher US shale output and inventories vied with worries that crude supply from the Middle East could be disrupted by looming US sanctions on Iran and growing tensions with top exporter Saudi Arabia.
Stocks across the world have bounced back, supported by strong earnings results and expectations, while oil prices rose as evidence of higher US production was overshadowed by concerns about supply from Iran and Saudi Arabia.
The state government has today announced the appointment of chief scientist Peter Klinken as chair of both Lotterywest and Healthway, continuing the gradual integration of the two organisations.
The banking and resources sectors are recovering after a day on the slide, with the heavyweight stocks lifting Australian shares at the open and away from a six-month low.
US stocks have fallen at the open as an increase in tensions between Western powers and Saudi Arabia added to worries over rising borrowing costs and the impact of tariffs, following the main three indexes' biggest weekly declines in over seven months.
Gold has risen to its highest level in two and a half months as a slide in global stock markets, exacerbated by mounting tensions between Western powers and Saudi Arabia, forced investors to find safety and unwind some bearish bets in the metal.
Oil prices have steadied, supported by geopolitical tension over the disappearance of a Saudi journalist that has stoked worries about supplies from the world's top crude exporter, but weighed by concern over long-term demand outlook.c
Overseas weakness has proven to be a drag on the Australian share market, with the benchmark index falling to a six-month low led by losses in banking and mining stocks.
The Housing Industry Association has appointed former Chamber of Commerce and Industry of WA director of advocacy Cath Hart as its Western Australian regional director.
Coles' supermarket sales have jumped during the first quarter, with parent company Wesfarmers citing a successful 'Little Shop' campaign, and investment in flybuys promotions, as preparations continue for a vote on the chain's proposed demerger.
An already-bruised Australian share market is ignoring a lead from Wall Street and a commodity price rebound to dive lower at the open, with the banks and miners weighing heavily amid broad-based losses.
Crude futures have steadied late in the session, following the stock market slightly higher, after earlier swinging lower on a weakening oil demand outlook.
Gold prices have eased after their biggest daily gain in more than two years, coming under pressure as the US dollar climbed and global stocks rebounded from a six-day rout.
Wall Street indexes continued their slide in a volatile session as investors worried about rising interest rates and braced for a trade war hit to corporate earnings.
Oil prices have slumped to more than two-week lows as global stock markets fall, with investor sentiment made more bearish by a bigger-than-expected build in US crude inventories.
Gold prices have jumped over two per cent to more than a two-month high as tumbling global stock markets sent investors rushed to the safe-haven asset.
A host of WA gold miners including Evolution Mining, Saracen Mineral Holdings and Regis Resources registered strong gains today, as the broader market suffered its second worst day of the year.
US stocks have tumbled, with the S&P 500 and the Dow marking their biggest daily declines since February 8 and technology stocks were at the centre of the carnage as rising US Treasury yields sent investors fleeing from risky assets.
Oil prices dropped two per cent overnight as US equity markets broadly fell, even though energy traders worried about shrinking Iranian supply from US sanctions and kept an eye on Hurricane Michael, which closed some US Gulf of Mexico oil output.
A surprising turnaround has seen the Australian market finish the day higher on the back of healthcare and telco stocks as the financial sector shrugged off leftover jitters from Wall Street.
Healthcare, Telstra and commodity-based shares are doing their best to lift the Australian market after a flat opening, but lingering unease from Wall Street, and losses for the big banks, have prevented significant gains.
The S&P 500 and the Nasdaq have risen on Tuesday, boosted by a rebound in technology stocks, but gains, including on the blue-chip Dow Jones Industrial Average, were kept in check by concerns on slowing global growth.
