Gold is little changed, hovering just below the prior session's near three-week top as investors cut expectations for a US interest rate rise in the near term.
Treasurer gives nod to rate cutTreasurer Scott Morrison has effectively endorsed another Reserve Bank of Australia interest rate cut today to help the nation shake off wea
The Australian share market has closed at its highest point in a year despite running out of steam in late trading, partly driven by expectations of an interest rate cut on Tuesday.
Dominic Stevens has taken over as managing director and chief executive of the Australian Securities Exchange, following the resignation of Elmer Funke Kupper earlier this year.
Oil prices have steadied after touching three-month lows during a week-long selloff fuelled by a persistent global supply glut, bringing the monthly decline to nearly 15 per cent, the biggest monthly loss in a year for US crude.
Gold has risen to its highest level in nearly three weeks after much slower-than-expected US economic growth weighed on the US dollar, and was on track for a second monthly gain in a row.
Weak US pressures RBA to cutA faltering economic recovery in the US is set to place further pressure on the Reserve Bank to cut interest rates when it mee
The Australian share market has edged higher in choppy trading for its fifth straight session of gains despite the Bank of Japan's fresh economic stimulus measures disappointing some investors.
The share market has squeezed out another tiny gain in a choppy session dominated by the release of weak inflation numbers that may prompt the Reserve Bank to cut the cash rate next week.
US stocks were mixed as Federal Reserve policymakers kicked off a two-day interest rate meeting and investors braced for quarterly scorecards from Apple and Twitter.
Gold has risen as the US dollar hsa fallen, but remains hemmed in to a range at the start of a two-day US Federal Reserve policy meeting which is being closely watched for clues on the outlook for interest rates.
US crude prices have fallen, hitting three-month lows, on renewed worries of a glut while Brent settled higher due to its better fundamentals versus US crude.
The Australian share market has finished slightly higher as investors punt that second quarter inflation figures will prompt the Reserve Bank of Australia to cut interest rates next week.
The Australian dollar has slipped slightly against its US counterpart in overnight trade, weighed down by continuing expectation of a lift in US interest rates.
The Australian share market has resumed its upward course, boosted by expectations of an interest rate cut, and a big lift in the shares of Woolworths after the ailing supermarket giant announced restructuring plans.
Local entrepreneur Zhenya Tsvetnenko has tendered his resignation from the boards of listed companies DigitalX and Tech Mpire after being indicted by US prosecutors for participating in a scheme to defraud mobile phone customers.
Oil prices have settled lower, losing four per cent on the week, after the fourth weekly rise in the US oil rig count added to worries about a global crude glut.
Gold prices have fallen, reflecting tension between a global backdrop of easier interest rates and the chance of US monetary policy being tightened before the end of the year.
