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ASX slumps amid US-China trade worries

The Australian share market has opened lower with investors apparently spooked by renewed concerns about the trade conflict between China and the United States.

Oil edges up after strong economic data

Oil prices inched up on Friday as strong US economic data boosted demand sentiment and as production losses in sanctions-hit Iran and Venezuela tightened the market.

Gold has biggest daily gain in two months

Gold was headed for its biggest daily rise in two months on Friday, clawing away from a four-month low hit in the previous session, helped by a pullback in the US dollar and as some investors covered their short positions.

ASX flat as Macquarie drags on financials

Australian shares have finished flat as investors wait word on US jobs data.

Macquarie lifts profit to record, but outlook softens

Macquarie Group beat full-year profit guidance to reach a record, but its share price has slumped on a subdued outlook for the next 12 months.

ASX opens higher as health shares bounce

Australian shares have opened higher led by gains in the health care sector.

Oil price drops on oversupply worries

Oil plunged overnight, with US crude dropping almost three per cent as the market grappled with oversupply fears as increased US sanctions on Iran had more gradual impact than expected and US crude oil inventories rose sharply.

Gold drops to four-month low

Gold prices slumped to an over four-month low overnight after the US Federal Open Market Committee (FOMC) axed any hopes for a rate cut in the near term, subduing demand for the non-interest bearing bullion.

ASX slumps as big four banks give up gains

The Australian share market has closed lower, with the major banks losing much of their previous day's gains after NAB cut its dividend.

NAB cuts dividend to lowest in nearly nine years

National Australia Bank has slashed its dividend to its lowest in almost nine years after posting a first-half cash profit of $2.95 billion.

Woolworths' sales beat out Coles

Supermarket giant Woolworths has lifted third-quarter grocery sales by 4.2 per cent, reaping the benefits of lower deflation and more favourable weather conditions.

ASX slumps at start of trade

The Australian share market has opened lower after the major banks lost much of their previous day's gains following NAB's first-half profit announcement.

Gold price slides as US dollar rises

Gold prices dropped to a one-week low overnight as the US dollar rebounded after the Federal Reserve reduced expectations of a rate cut this year, with the safe-haven metal also pressured as the central bank signalled strong economic growth.

Oil mixed amid talk of cuts, more supply

Oil futures ended little changed overnight after supply curbs, including further talk on an extension to OPEC-led cuts, offset rising US crude inventories and record production.

Big four banks lead ASX higher

A strong first-half performance by ANZ has lifted the financial sector, pushing the Australian share market higher.

ANZ lifts profit 2% but warns of headwinds

ANZ Banking Group has beaten expectations to lift first-half cash profit two per cent to $3.56 billion but warned subdued credit growth, competition and compliance costs will keep bank sector earnings under pressure "for the foreseeable future".

ASX jumps as big banks bounce back

Australian shares have opened higher as the financial sector led gains after ANZ lifted its first-half profit

Oil gains moderate on Venezuela update

Oil prices pared their gains overnight, after global benchmark Brent crude rose above $US73 a barrel, as the market grew less worried that a rebellion against Venezuelan President Nicolas Maduro would hit the country's crude exports.

Gold price firms as US dollar weakens

Gold prices firmed overnight as the US dollar slipped to a one-week low, making bullion more attractive, with investors awaiting the Federal Reserve's interest rate decision this week to gauge the outlook for US monetary policy.

ASX falls, dragged by miners and utilities

The Australian share market has closed lower for a second day, dragged by the energy, mining and utility sectors.

Origin posts record quarterly LNG revenue

Electricity and gas retailer Origin Energy has posted a 53 per cent rise in third-quarter gas production revenue from its stake in Australia Pacific LNG, driven by higher oil prices.

Nine sells Fairfax regionals for $115m

Nine Entertainment has agreed to sell its regional and community newspapers for $115 million, offloading about 170 titles acquired last year in its merger with Fairfax Media.

ASX falls as major miners slump

The Australian share market has opened lower and looked to be heading further downwards, with the major miners among the largest losers.

Oil edges up despite Trump price cut call

Oil prices edged higher overnight as the market attempted to resume a weeks-long rally that was halted on Friday when US President Donald Trump demanded that producer club OPEC raise output to soften the impact of US sanctions against Iran.

Palladium price slumps 7 per cent

Palladium slumped about seven per cent overnight in its biggest daily percentage drop in more than two years while gold also fell as strong US data improved investors' appetite for riskier assets ahead of the US Federal Reserve policy meeting.

Energy, finance sectors drag ASX lower

The Australian share market has had its worst day in three weeks with the financial and energy sectors weighing heavily as analysts await economic clues from the US and China

Curtin candidate duped by poll hoax

An independent candidate for former foreign minister Julie Bishop's safe seat claims she is the victim of a "supposed hoax" involving fake opinion polling data and has refused to pull out of the election race.

Collectables lift Coles' Q3 sales 2.1%

Coles has lifted third-quarter food and liquor sales 2.1 per cent to $8 billion, boosted by its latest kid-focused collectables campaign.

ASX opens lower as energy, bank shares dip

The Australian share market has opened lower despite Wall Street hitting new record highs, with the energy sector leading the losses.

Oil sinks 3% as Trump urges OPEC price cut

Oil prices fell three per cent on Friday after US President Donald Trump again pressured the Organisation of the Petroleum Exporting Countries to raise crude production to ease petrol prices.

Gold nears 2-week peak as US dollar dips

Gold jumped to a near two-week high on Friday as the US dollar slipped on tepid US inflation data, outweighing an overall strong first-quarter growth report.



Curtin candidate duped by poll hoax

An independent candidate for former foreign minister Julie Bishop's safe seat claims she is the victim of a "supposed hoax" involving fake opinion polling data and has refused to pull out of the election race.

BHP to keep Nickel West operations

BHP Group will retain its Nickel West business, with a potential expansion of the company's WA nickel operations likely to generate a higher return, with higher risk, than the Scarborough LNG development.

CBA's Bankwest cuts fixed mortgage rates

Commonwealth Bank-owned Bankwest is slashing its three-year owner-occupier mortgage rate as lenders chase an ever decreasing number of suitable home loan customers.

High Court win for Rinehart

A legal dispute between Australia's richest person Gina Rinehart and two of her children will be heard in private after the High Court ruled in her favour.