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ASX ends week in red

The Australian share market has closed marginally lower, with heavyweight healthcare and financial stocks unable to hold on to gains, and ended the week solidly in the red.

ASX edges higher on miners, energy, banks

The Australian share market has lifted at the open with gains for energy and mining stocks, while the local healthcare sector was also firmly in the black.

Gold nears week high on Brexit deal logjam

Gold hit a near one-week peak as investors sought cover from market turmoil after Britain's long-awaited draft agreement to leave the European Union was thrown into chaos, helping the metal hold its ground against a rising dollar.

Oil rises despite potential supply glut

il futures have risen, steadying after the week's steep losses as fuel stockpile declines in the United States helped offset concerns about a potentially oversupplied market next year.

Morning Headlines

RBA in housing market warning

ASX avoids lower close on final-hour rally

A rally in the final hour of trade wiped out heavy afternoon losses on the Australian share market as the ASX narrowly avoided a third straight session in the red.

Waste approved as road base

The state government has approved the use of recycled construction and demolition (C&D) waste as road base for the Kwinana Freeway widening project, seven years after the Barnett government’s attempt to do the same thing foundered.

Coles demerger approved by Wesfarmers

Wesfarmers shareholders have voted to approve the $20 billion demerger of its supermarket business Coles, 11 years after it acquired the group in Australia’s biggest corporate takeover.

Vimy Resources announces major restructure

Uranium explorer Vimy Resources has announced a major restructuring, including the resignation of three directors, further cost-cutting and a focus on its base metals project.

ASX ekes out early gains, banks dragging

Australian shares have eked out modest gains at the open despite an overnight sell-off on Wall Street, with healthcare and mining stocks lifting in early trade, though the banks were weighing on the bourse.

Morning Headlines

Super stoush looms over default cover

Wall St extends losses as financials drag

Wall Street stocks have declined, with the S&P 500 notching a fifth straight day of losses as financial stocks were hit by fears that regulations on the banking industry would tighten once the Democratic Party takes control of the US House of Representatives.

Gold price gains 1% on US dollar retreat

Gold rose one per cent overnight, helped by a slight retreat in the dollar following a rally and as some investors covered their short positions after the metal held the key $US1,200 level.

Oil rebounds 2% on talks over supply cut

Oil has bounced nearly two per cent, recouping some of the previous session's heavy sell-off, on the growing prospect that the Organisation of the Petroleum Exporting Countries and allied producers would cut output at a meeting next month to prop up the market.

ASX suffers broad-based losses

The Australian share market has lost more than one and a half per cent for the second consecutive day with commodity-related stocks suffering heavy losses on plunging oil prices.

Energy stocks sap ASX during soft open

Energy stocks are sapping the Australian share market in early trade, with the bourse slipping on plunging oil prices and choppy overnight results on Wall Street.

Gold price climbs as dollar rally pauses

Gold shook off earlier losses to move back above the key $US1,200-per-ounce level, benefiting from a slight retreat in the dollar after a rally driven by the US interest rate outlook and Brexit talks.

Oil price slumps 7% to one-year low

Oil's price slide has accelerated, with US futures suffering their steepest one-day loss in more than three years due to ongoing worries about weakening global demand and oversupply.

Morning Headlines

Morrison’s $2b boost to SME loans

Aust market tumbles after Wall St sell-off

Broad-based losses to the local indices dragged the Australian share market down following a sell-off on Wall Street overnight and weakening oil prices.

Youth Focus announces new CEO

Charity chief executive Arthur Papakotsias has been appointed the new chief executive of Youth Focus, replacing the outgoing Fiona Kalaf.

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