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Australia shares soar on broad-based gains

Australian shares are notably higher in early trade, buoyed by broad-based gains after virtually all major global bourses closed with good gains in the offshore session.

$A continues slide against $US

The Australian dollar has continued its slide against a steady US dollar that is hovering near an 11-month peak against a basket of major currencies as China's signal of tolerance of a stronger yuan offset anxiety about the global trade conflict.

Morning Headlines

Tax cuts set to pass but it’s still war

Gold near 6-month low as $US steadies

Gold prices have dropped, remaining near a six-month low, as the US dollar has hovered around 11 month peaks but was offset by festering global trade tensions, while platinum hit a 2-1/2-year trough.

Wall Street on the up as media stocks gain

Technology and media stocks pushed Wall Street higher on Wednesday and helped the Nasdaq hit a record high, as markets eyed a recovery after being battered by a rapidly escalating China-US trade tensions.

Banks take share market to 10-year high

The Australian share market is at its highest level in more than 10 years as the major banks soared, while Telstra plunged after announcing major job cuts and asset sales.

Murphy to step down from Water Corp

Water Corporation chief executive Sue Murphy has announced she will stand down at the end of the year after a decade at the helm.

Aust shares defy weak offshore leads

Australian shares have opened higher despite falls in commodity prices and weakness on overseas markets amid escalating trade tensions between China and the US.

Gold down on stronger US dollar

Gold has fallen to a near six-month low and platinum has hit its lowest since February 2016 as a stronger greenback is overwhelmed by safe-haven buying, spurred by fears of a trade war between the world's two top economies.

Oil down on US-China dispute, OPEC outlook

Oil has fallen ahead of a possible increase in OPEC crude supply, and as an escalating trade dispute between the United States and China unleashed sharp selloffs in many global markets.

$A regains a bit against major currencies

The Australian dollar has retraced some of the ground it has lost against its major currency peers regaining almost a fifth of a cent against the US dollar.

Morning Headlines

Trade war escalates, wiping billions off Asian stocks

Iron ore, trade row hits shares and $A

The Australian share market edged lower as the mining heavyweights were hit by falls in iron ore prices, while the Australian dollar hit a one-year low.

ASX opens higher, with widespread gains

The Australian share market is higher in early trading, with gains across the board led by energy stocks.

Oil up ahead of OPEC; China tariffs loom

Oil prices have risen in volatile trade as market participants lower their expectations for how much OPEC might increase production and investors assess the impact of a trade dispute between the United States and China.

$A extends slide against $US

The Australian dollar has continued its slide against the US dollar, performing poorly versus an unchanged US currency.

Morning Headlines

Builders warn of skills crisis

Gold steadies after sharp fall

The price of gold has held close to five-and-a-half-month lows, with a strong US dollar offsetting the upward influence of an escalating trade dispute between the United States and China.

Aust market up despite trade war fears

The Australian share market has recovered from early weakness to eke out a tiny gain despite fears of a US-China trade war and lower commodity prices weighing upon mining and energy stocks.

Resources, energy push ASX lower

The Australian share market has opened lower, hurt by resource and energy companies, amid concerns about the global economic implications of the tit-for-tat tariffs battle between the US and China.

Oil slumps 3% on OPEC supply, tariffs

Oil prices have fallen more than $US2 a barrel after two of the world's biggest producers indicated they might increase output at next week's OPEC meeting, while US exports were threatened by potential Chinese tariffs on crude oil and refined products.

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