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Energy stocks drag Aust shares lower

Australian shares have closed lower on Tuesday, with a sharp decline in global oil prices sending energy stocks down and weak commodities prices putting pressure on the broader market.

Oil prices drop 4% amid mixed signals

Oil prices slumped more than four per cent, with Brent reaching a three-month low, as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers.

Gold steadies as US dollar slips

Gold steadied as the US dollar fell, but higher interest rates in the US and a weak market are expected to weigh on prices of the precious metal.

Energy shares fall, financials bounce

The S&P 500 has ended slightly lower following a drop in oil prices that weighed on energy shares and offset a jump in financials as Bank of America's results reinforced expectations of a strong US earnings season.

Aust shares down as miners, health sink

Australian shares fell nearly half a per cent on Monday, led by losses in healthcare stocks, while soft weekend property auction results undermined banks, whose business model relies heavily on home loans.

US stocks rise to five-month high

US stocks have risen slightly, putting the S&P 500 at its highest closing level in more than five months, as gains in industrials and other areas offset a drop in financials after results from three of the big banks mostly disappointed.

Yo-yo Aust share market ends week flat

Australian shares have finished flat after a yo-yo final trading session of the week, which saw a retreat among the banks outweigh healthcare sector gains.

ASX lifts at open on materials, tech

Australian shares have opened higher backed by robust commodity prices and an overnight tech-led rally on Wall Street.

Gold edges higher as dollar rally pauses

Gold edged higher as the US dollar eased off a six-month high against the Japanese yen, but bullion failed to gain traction as traders said US-China trade tensions so far were boosting the greenback instead of the precious metal.

Brent oil rises on spare capacity concerns

Brent crude has strengthened, recouping some of its losses from the previous session as market focus returned to concerns about spare capacity following a warning from the International Energy Agency (IEA).

Wall St bounces on tech, industrial stocks

US stocks have climbed as top technology names hit record highs and industrials rebounded from losses driven by trade worries the day before.

ASX hits highest close in a decade

Strong showings from healthcare heavyweights and the major banks have propelled the Australian share market to its highest close for a decade after a nutty day of trading.

ASX opens higher despite commodity woes

Australian shares have opened higher as strong gains from financial and consumer staple stocks more than offset materials and energy weakness from falling commodity prices.

Gold falls as tariffs threat boosts dollar

Gold prices have slipped as US threat of tariffs on an additional $US200 billion of Chinese goods pushed safe-haven flows to the US dollar and dashed hopes that Washington would eventually step back from the escalating row.

Brent in biggest one-day fall in two years

Global benchmark Brent crude oil has had its biggest one-day drop in two years as escalating US-China trade tensions threatened to hurt oil demand, and news that Libya would reopen its ports raised expectations of growing supply.

Trade fears snap Wall St's four-day rally

US stocks have fallen, breaking a four-session streak of gains after Washington's threat to impose tariffs on an additional $US200 billion ($A270 billion) worth of Chinese goods fanned trade war fears, while a sharp drop in oil prices hit energy shares.

ASX, Aussie dollar fall on new US tariffs

The Australian share market and the Aussie dollar have both come under pressure after the US ramped up its trade war with China.

ASX opens lower after US tariff reports

Australian shares have opened lower after renewed reports of imminent US tariffs checked the momentum of a strong Wall Street close.

Wall St stocks close at a six-month high

Wall Street's S&P 500 index rose for a fourth session to post its highest close since February 1, the day before the market began a sharp extended selloff, as strong results from PepsiCo boosted optimism about the earnings season.

Oil rises on disruptions, US drawdown

Oil prices have risen, supported by a larger-than expected US stock draw and supply concerns in Norway and Libya.

Gold prices slip on stronger US dollar

Gold prices have been weighed down by a stronger US dollar, and may re-test a seven-month low after a failed attempt to break higher in the previous session.

Aust shares snap three-day winning streak

The Australian share market has snapped its three-day winning streak, hit by losses in the big four banks and consumer-exposed stocks.

Macquarie Bank hikes mortgage rates

Macquarie Bank has hiked home loan rates even as the Reserve Bank cash rate remains steady, in a sign funding costs are rising and larger rivals such as the big retail banks could follow suit.

Suspended WA exporter seeks to ship sheep

The live export company behind the disastrous Awassi Express shipment is trying to use an associated company to send another load of sheep to the Middle East while its own export licence is suspended.

Commodity stocks lead ASX higher at open

Australian shares have opened higher, materials and energy leading the way following an overnight lift in commodity prices.

Gold price up but still near December lows

Gold has risen, touching its highest in two weeks as the US dollar weakened and the Chinese yuan recovered from June's lows.

Oil gains on supply in Iran, Libya, Canada

Oil prices have gained, with US crude ending a choppy session higher on expectations for a Canadian production outage lasting until September, while global benchmark Brent gained on looming sanctions on Iran and falling output in Libya.

US stocks post best gains in a month

US stocks rose on Monday, giving the Dow and S&P 500 their biggest gains in more than a month, as bank shares jumped ahead of earnings reports later this week.

Aust shares end higher for third session

The Australian share market has closed higher for a third straight trading session, buoyed by mining and financial stocks.

Australian share market opens week higher

Australian shares have opened the trading week slightly higher, building on a strong end to last week and following a positive lead from Wall Street.

US jobs data lifts Wall St despite tariffs

US stocks have climbed, with the S&P 500 and the Nasdaq hitting their highest levels in two weeks, as strong US jobs growth blunted the impact of an escalating US-China trade dispute.



Turnbull rejects GST 'average' proposal

The Turnbull government has rejected a key recommendation of a review into the carve-up of GST revenue among the states and territories.

Seven West regional newspapers to shed staff

Rural newspapers in Western Australia are set to shed staff with Seven West Media announcing a fresh round of voluntary redundancies as it moves to centralise its regional business.

Former insurance broker took client cash

A former insurance broker has admitted funnelling almost $200,000 owed to 35 clients for policy cancellations and adjustments into his own bank accounts.

Atlas asks MinRes to beat Rinehart's offer

Atlas Iron has given ASX-listed rival Mineral Resources three days to respond to the $390 million takeover bid by Gina Rinehart's Hancock Prospecting.