Shares close 32pts lower

The share market has closed lower after increased political uncertainty in the US sparked a sharp sell-off on Wall Street and soured global risk appetite.

Shares open 62pts lower

The Australian market has opened sharply lower.

Oil up on bets US inventories will fall

Oil prices have risen amid renewed attention on US oil stockpile declines after an industry report suggested oil inventories at the Cushing, Oklahoma hub were dropping.

$A slumps against $US

The Australian dollar has fallen more than half a cent against its US counterpart with the greenback strengthening amid euro weakness following the release of European Central Bank's policy meeting minutes.

Morning Headlines

WA’s share of GST ‘in the black’

Gold lifts on Federal Reserve caution

Gold prices have risen for a second day after Federal Reserve officials hinted that US interest rates could rise more slowly than expected, while palladium has been lifted to a fresh 16-year high by strong industrial metals markets.

Shares close 6pts lower

The Australian share market has posted a modest fall, dragged lower by a massive sell-off of Telstra shares after the telco said it would cut future dividends.

Shares open 6pts higher

The Australian share market is trading higher after an initial opening plunge in the wake of a shock annoucement from Telstra that the telco giant will cut its future dividends.

$A soars high against $US

The outperforming Australian dollar has soared almost one US cent as its counterpart has fallen after US president Donald Trump disbanded two business advisory councils and following Federal Reserve committee minutes.

Morning Headlines

Dumped boss to fight big claim

Gold firms as $US dips after Fed minutes

Gold has risen about one per cent, shaking off two days of losses, as the dollar edged lower after the release of the minutes from Federal Reserve's July meeting at which policymakers voted unanimously to keep US interest rates unchanged.

Oil falls despite steep draw in US crude

Oil prices have fallen more than one per cent even though US crude stockpiles declined by the most in a year, as data suggesting domestic production was edging higher stoked worries about the global crude glut.

Shares close 27pts higher

The Australian share market has closed higher on a day of mixed company earnings results, with market heavyweights Commonwealth Bank and Suncorp down as they traded ex-dividend.

Shares open 5pts higher

The Australian market has opened comfortably higher following mainly positive early earnings reports, and after Wall Street closed with its key indexes little changed.

Morning Headlines

Iluka revealed its own bribery scandal

Gold falls on strong $US, N Korea tension

Gold has fallen nearly per cent, down for a second day after better-than-expected US economic data and easing tensions over North Korea encouraged investors to buy riskier assets, boosting stocks, the US dollar and bond yields.

Oil falls on $US lift, China demand worry

Oil prices have fallen, extending the prior session's heavy sell-off as the US dollar has risen more and as signs of weaker petroleum demand in China weighs the market down for a second day.

$A is down sharply against $US

The Australian dollar is fallen sharply against its US counterpart which has lifted on strong US data.

Shares close 27pts higher

The Australian share market rose as the majority of sectors enjoyed gains, though Domino's Pizza plunged after failing to meet its profit forecasts.

Shares open 44pts higher

The Australian market has opened sharply higher as tension over North Korea ebbs, and investors are lured back to equities.