The Australian dollar is steady against its US counterpart in early trade on Wednesday after rebounding in the previous session on positive Chinese and Australian manufacturing data.
Gold prices rose one per cent to a near 3-week high on Tuesday as early gains in stocks and other assets perceived as risky gave up gains and investors fled to save-haven bullion.
Oil prices slid more than 2 per cent on the first trading day of 2017, knocked off 18-month highs hit in early trade as the U.S. dollar rallied to its highest level since 2002 and traders took profits.
Wall Street has risen sharply as a post-election rally extended into the new year, helped by gains in Verison Communications and technology companies Alphabet and Facebook.
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The Australian share market has started 2017 positively, closing above 5,700 points for the first time since June 2015 as stocks across the board made gains.
The Australian share market has climbed to a 17-month high in early trading during the first session of 2017, mirroring gains in European markets on Monday.
Oil prices settled slightly lower on Friday, the year's last trading day, but attained their biggest annual gain since 2009, after OPEC and partners agreed to cut output to reduce a supply overhang that has depressed prices for two years.
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The Australian share market has closed at a 16-month high thanks partly to offshore markets' Trump-fuelled rallies, with strong gains locally coming from retailers and banks.
The Australian share market is trading slightly higher in early trade after positive cues from Wall Street, but is expected to remain rangebound as volumes wind down ahead of the Christmas break.
The Australian share market has closed higher as investors took some comfort that Australia's triple-A credit rating seems secure for now, following the federal government's mid-year economic update.
The Australian share market has closed lower, weighed down by weaker resources stocks, as investors ponder more potential interest rate hikes in the US in 2017 than had been expected.
The Australian dollar has dropped as the US dollar gains further ground following the US Federal Reserve's recent interest rate hike, with the central bank forecasting another three rate rises next year.
Oil settled little changed on Thursday after sliding to its lowest level in a week in volatile trade, but a surging US dollar did not pressure prices below technical support levels as OPEC members told customers they would cut crude supplies.
Gold fell more than one per cent to a 10.5 month low on Thursday after the US Federal Reserve sounded an unexpectedly hawkish note on US interest rates, sparking a surge in Treasury yields and sending the dollar to a 14-year high.
Yellen rate hikes rattle marketsThe US Federal Reserve’s forecast for three interest rate rises in 2017 has rattled markets, raising fears that rising rates and bond yield
Energy and resources companies including Santos, Origin Energy and Newcrest Mining have dragged the share market lower following a drop in oil prices and the US Federal Reserve's rate hike.
Fuel refiner and retailer Caltex Australia expects its underlying profit to fall by about 20 per cent because of weaker margins in its refining operations.
The Australian share market is lower in early trade, following overnight falls on Wall Street after the US Federal Reserve cut its benchmark interest rate and flagged three more rate cuts next year
The Australian dollar has plunged, falling more than one US cent in overnight trade in the wake of the US Federal Reserve's move to lift its benchmark interest rate by a quarter of one per cent.
Oil prices slid more than three per cent on Wednesday as the dollar jumped after the US Federal Reserve's decision to hike US interest rates and after a jump in crude inventories at the biggest US storage centre renewed concerns about a glut.
Gold turned lower and tapped the lowest in more than 10 months on Wednesday, after the Federal Reserve raised US interest rates by a quarter point and signalled a faster pace of increases next year, causing the US dollar to rally.
US stocks fell the most in two months on Wednesday after the Federal Reserve raised interest rates by a quarter point and signalled hikes could come next year at a faster pace than some expected.
