Big falls across the financial and energy sectors pushed the share market to its lowest level in more than four months, amid mounting uncertainty of the outcome of next week's US presidential election.
The S&P 500 fell for an eighth straight session on Thursday, its longest losing streak since the 2008 financial crisis, as Facebook shares weighed and investors grappled with uncertainty over next week's US presidential election.
Oil prices have settled more than one per cent lower as investors reeled from a record weekly surge in US crude inventories, and remained sceptical about whether OPEC can actually implement its planned output cap.
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The possibility of Donald Trump winning the US presidency continues to unnerve investors but bargain-hunters pushed the Australian market to a flat close after a poor start on Thursday.
Gold has rallied to a one-month high, as uncertainty over the outcome of the US election knocks stocks and the US dollar lower, but bullion pared gains slightly after the Federal Reserve held interest rates steady as expected.
Oil prices have tumbled three per cent after a record weekly build in US crude inventories stoked investor worries about a global supply glut, days after analysts estimated higher monthly OPEC crude output.
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Concerns about the impacts of a win by Republican candidate Donald Trump in the upcoming US election have unnerved investors and pushed Australian shares to a six-week low.
The Australian share market has continued its downward momentum in early trade, as it takes cues from declines across US and European markets overnight.
Oil has settled lower after hitting one-month lows, ahead of data likely to show a US crude inventory build and on renewed doubts about whether OPEC will follow through with proposed output cuts.
Gold, silver and platinum have rallied to one-month highs as concerns over the outcome of the US election sparks losses in stocks and the US dollar, prompting investors to seek out precious metals as a haven from risk.
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The Australian share market has closed lower as cautious investors await the US Federal Reserve's decision on interest rates later this week and the result of the US presidential election on November 8.
The Australian share market has reversed the previous session's gains in early trade with investors wary ahead of key local and overseas economic data.
Oil prices have settled at one-month lows after dropping more than three per cent on doubts about OPEC's ability to implement its planned production cuts, with the market further weighed by expectations that the cartel had record output in October.
The Australian dollar is fractionally lower against the greenback following mixed US economic data and as investors await the Reserve Bank of Australia's rate decision.
Wall Street has ended barely changed as investors digested the latest large-scale corporate mergers as well as the most recent twist in a tumultuous US presidential election.
Gold has steadied, coming off lows as the US dollar pared gains, though concerns over the outlook for the US election and Federal Reserve policy kept the metal pinned near the previous session's near-four-week high.
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The Australian share market is flat in early trade, with investors a little nervous ahead of the US presidential election on November 8 and awaiting any indication of a potential lift in US interes
Oil prices has settled below $US50, marking their biggest weekly loss in six weeks, on concerns OPEC will not fully carry out a planned output cut, even as data showed US oil drillers removed rigs from production for the first time since June.
Gold has risen one per cent to the highest level in nearly four weeks, extending gains late in the session after the FBI said it will further investigate Democratic presidential candidate Hillary Clinton's use of a private email system.
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