Gold has slipped sharply after stronger-than-expected US payrolls data for June but rebounded quickly, underpinned by concerns over the outlook for financial markets following Britain's Brexit vote.
PM faces budget fight after winPrime Minister Malcolm Turnbull has won the election but his budget plans are in disarray, with a brewing internal revolt o
Equities markets rose worldwide on a bump from positive US data, though US stocks and long-dated Treasury yields fell along with oil prices amid investor caution ahead of Friday's US nonfarm payrolls report for June.
Gold slips as US jobs data supports the US dollar, ending a six-day rally that pushed the precious metal to more than a two-year high on concerns about Britain's vote to leave the European Union.
AAA: Six months to get budget under controlA threatened downgrade of the nation’s AAA credit rating was a wakeup call to the entire Parliament, not just the government, th
Gold pared gains after rising to the highest in more than two years, as US equities reversed early losses, Treasury yields turned higher after hitting record lows and investors bought bullion as a haven from risk.
US stocks have reversed early losses to close higher, but bourses in most parts of the world fell on fears of instability in the European Union and global economic stagnation.
Oil prices settled up nearly two per cent as robust US economic data lifted crude futures from two days of declines, with the market extending gains in post-settlement trade on bets for a sharp drop in US crude stockpiles.
PM finally set to scrape homeMalcolm Turnbull is assured of forming government – possibly in his own right – after two more seats fell the Coalition’s way
Energy, resources and financial companies led the Australian share market lower on renewed fears about the economic implications of the UK Brexit vote.
Oil prices tumbled nearly five per cent on Tuesday as investors worried that Britain's exit from the European Union would slow the global economy, making it unlikely energy demand will grow enough to absorb a supply glut.
Gold prices rose for a fifth straight session and traded close to a two-year high above $US1,350, as weak China data and ongoing uncertainty following Britain's vote to leave the European Union triggered a fresh wave of demand for the safe-haven metal.
Turnbull signals policy retreatsThe federal Coalition accepts it must compromise on its 10-year company tax cut plan and Malcolm Turnbull has raised expectations of a retr
The Australian share market has closed sharply lower with the biggest drag being the big banks in the wake of a signal from the banking regulator that they may have to lift capital ratios again.
Global oil prices eased on Monday after comments by Saudi Energy Minister Khaled Al-Faleh that the market was heading towards balance were tempered by slowing demand in Asia, pockets of gasoline oversupply and signs crude output could rise.
Gold edged higher on Monday as political uncertainty after Britain's vote to leave the European Union supported prices that had been propelled towards last week's two-year high by an overnight burst of short-covering activity in China.
Downgrade the least of our worries: PIMCOHolding on to Australia’s AAA credit rating is the least of the nation’s worries as it faces ‘‘an unbalanced rebalancing’’ from mi
The Australian share market recovered from a nervous start to close higher despite the weekend's inconclusive federal election, boosted by the prospect of economic stimulus in Europe after Brexit.
Gold has risen one per cent, heading for its fifth weekly gain, supported by a weaker US dollar and prospects for further monetary policy easing in the wake of Britain's vote to leave the European Union.
