Investor interest in energy and financial stocks drove the Australian sharemarket higher on Monday, ahead of a flurry of company results this week as earnings season gets under way in earnest.
Gold has fallen as much as 1.7 per cent, as the greenback rose after data showed that US employment increased more than expected in July, raising the probability of an interest rate hike from the Federal Reserve this year.
Crude oil prices have ended little changed as short-covering returned in late trading, after some weakness earlier in the session as the US dollar rose on robust US jobs data.
Virgin Australia has posted a full year net loss of $224.7 million, after taking charges related to fleet simplification and other efficiency activities.
Global stock markets have risen and sterling has dipped after the Bank of England cut interest rates and revived a bond-buying program to cushion the economic blow from Britain's June 23 vote to leave the European Union.
CEOs warn: bashing banks a growth riskThe nation’s banking system could become unstable and struggle to fund economic growth if the banks lost control of their power to se
Downer's full-year profit has dropped 14 per cent due to a slowdown in its main mining and construction divisions and write-offs related to an unsuccessful metro rail bid.
The Australian share market has opened strongly, with energy firms and global miners BHP Billiton and Rio Tinto leading the benchmark index back above the 5,500 mark.
Global equity prices have slipped for a third straight day due to growing nervousness about US central bank policy, even as Wall Street eked out a modest gain.
The price of gold has retreated from the three-week high set in the previous session, after a rise in the US dollar on the back of strong economic data.
The Australian dollar has held ground just above its Wednesday close but remains in a tight range against the greenback ahead of the release of local retail trade.
Oil prices have jumped more than three per cent, with US crude futures returning to above $US40 a barrel, after a larger-than-expected petrol draw offset a surprise build in crude stockpiles in the No 1 oil consumer.
Banks reject Turnbull demandThe big banks have rejected as unaffordable Turnbull government demands that they pass on Tuesday’s interest rate cut in full but have agreed t
Weak US economic data and disappointing auto sales numbers drove Wall Street down, further dragging on global equity prices after the approval of a fiscal stimulus package by Japan's cabinet failed to cheer markets.
Gold has risen to a four-week high as European and US shares fell and the US dollar hit its lowest in more than a month after last week's soft US growth data dented expectations for a near-term interest rate rise.
The price of US oil has fallen below $US40 a barrel for the first time since April as persistent worries of both a crude and refined fuel glut and a slide in US equities offset an early boost from a weak US dollar.
Profits ‘not from rate rigging’Westpac Banking Corp has claimed a senior trader’s ‘‘$12 million buck’’ boast about a profit had nothing to do with manipul
The Australian share market has closed lower amid concerns over the big banks' net interest margins, following the Commonwealth Bank's decision to lift deposit rates and not pass on in full the Reserve Bank of Australia's interest rate cut.
US crude has tumbled below $US40 per barrel for the first time since April, as oil prices settled down more than three per cent on heightened worries of a crude glut despite peak northern summer fuel demand.
