Australian shares closed sharply lower on Friday after fears of a trade war were sparked by US president Donald Trump's surprise announcement of tariffs on imports of steel and aluminium.
The Australian share market has started lower for the third straight session, as fresh weakness on Wall Street overnight relayed through to local stocks.
The Australian dollar has rebounded to take some of the ground lost against its US counterpart since the new Federal Reserve chairman Jerome Powell signalled there could be more US interest rate ri
Oil has slumped more than one per cent, touching two-week lows under pressure from a retreating stock market and worries about surging US crude output.
Gold prices have fallen about one per cent and hit two-month lows during the session, pressured as the dollar shot to a six-week high and investors braced for expected US interest rate hikes after
The Australian share market has fallen for a second straight day as Wall Street tumbled and several influential stocks traded without the right to their latest dividends.
The Australian share market has dropped sharply in early trade, dragged down by a sell-off on Wall Street and a number of local stocks going ex-dividend.
The Australian dollar has continued its decline against its US counterpart which has continued to strengthen following Federal Reserve chair Jerome Powell's hawkish comments to Congress.
Oil prices are lower but have pared losses, after data showing a build in US crude inventories was tempered somewhat by a drop in per cent crude production in December.
Gold prices have steadied after the previous session's more than one per cent fall following comments by the Federal Reserve's new chairman that fuelled views the US central bank would raise rates
The Australian share market's five-day winning streak has come to end as the possibility of accelerated interest rate hikes in the US again spooked investors, and market heavyweight Telstra traded
The Australian share market has slipped in early trade, taking the cue from a sell-off on Wall Street, as the Federal Reserve chair's hawkish comments revived worries about US interest rate hikes.
The Australian dollar is nearly half a per cent lower against its US counterpart after new Federal Reserve chair Jerome Powell's congressional testimony sends the greenback higher.
Oil has seen its first decline in five days, pressured by a firmer US dollar and expectations that upcoming weekly data will show an increase in US crude inventories.
Australian shares are off to a bright start in early trade, buoyed by strong trade on Wall Street and possibly heading for a fifth straight day of gains.
Oil prices have risen, hitting three-week highs, supported by strong US demand and comments from Saudi Arabia that it would continue to curb production in line with OPEC-led efforts.
Gold prices have risen as a softer US dollar helped the metal rebound from its biggest weekly loss this year, but moves were muted before the debut congressional testimony by US Federal Reserve chair Jerome Powell later this week.
Australian shares have ended higher, with the benchmark index closing above 6,000 points for the first time since February 5, supported by solid company results and rising bank stocks.
Oil prices have risen to their highest in more than two weeks, supported by the shutdown of the El Feel oilfield in Libya and upbeat comments from Saudi Arabia that an OPEC-led effort to cut stockpiles is working.
Gold has eased, heading towards its biggest weekly decline in two-and-a-half months, as the US dollar climbed from last week's three-year low on the back of higher US Treasury yields.
The Australian share market has made solid gains after a strong lineup of company earnings results briefly drove stocks above 6,000 points on Friday before closing just shy of the mark and up 1.6 per cent for the week.
