Shares close 9pts higher

The Australian share market has ended in positive territory, despite a tumultuous day for the major banks after fresh talk of state government imposed levies.

Shares open 4pts higher

The Australian share market has edged fractionally higher as gains by most of the big mining and energy stocks, CSL and Telstra outweigh weakness among most of the major banks.

Morning Headlines

Bens big bill shock

Gold extends rebound above 5-week low

Gold has risen, lifting quietly above the prior session's five-week low as the US dollar steadied and the 200-day moving average provided short-term support below the market.

Oil bounces off 10-month lows

Oil has risen, a day after hitting 10-month lows, but market sentiment remains negative because the global crude glut has persisted despite OPEC-led output cuts.

$A again slides against $US

The Australian dollar is lower against its US counterpart which has remained steady in the offshore session.

Shares close 40pts higher

The share market has regained some of Wednesday's big losses as banks, energy producers and miners all posted gains.

Shares open 29pts higher

The Australian share market has opened higher, on the tail of its worst session of 2017 in which about $29 billion was wiped from its value. 

Gold up as oil plunge hits stock markets

Gold has rebounded from a five-week low as an oil price slump pushes down stock markets and a weaker US dollar makes bullion cheaper for holders of other currencies.

Oil in biggest first-half slide in 20 yrs

Oil prices have ended down more than two per cent, hitting a 10-month low in volatile trade, as growing US production and reduced Chinese refinery activity fed mounting concern over the stubborn global crude glut.

$A is down against $US

The Australian dollar has extended losses against its US counterpart, despite the greenback's underperformance, as the price of oil falls another two per cent.

Morning Headlines

Miners face $95m rise in port fees

Share market posts biggest fall of 2017

About $29 billion has been wiped from the share market's value in its worst session of 2017, as lower oil prices and a souring outlook for commodities hit energy and mining stocks, and the negative sentiment infected the big banks.

Shares open 82pts lower

The Australian share market has slipped in early trade, taking the lead from a decline on Wall Street after a sharp drop in energy prices.

$A is down against $US

The Australian dollar is sharply down against its US counterpart as the greenback lifts against most currencies, except the yen and the kiwi dollar, in a lively session.

Morning Headlines

Cops vent pay fury

Gold edges down to 5-week low on $US rally

Gold has inched down to a five-week low as the US dollar lifts following hawkish comments from an influential US Federal Reserve official and dovish remarks from the Bank of England governor.

US crude at 9-month low on global glut

Oil prices have fallen two per cent per cent, with Brent settling at seven-month lows and US crude at its cheapest level since September, after increased supply from several key producers overshadowed high compliance by OPEC and non-OPEC oil producers with a deal to cut global output.

Shares close 47pts lower

The stock market has closed 0.8 per cent, or 47.9 points, lower at 5,757.3.

Shares open 17pts lower

The Australian share market has opened in the red despite strong gains on Wall Street overnight where the Dow and the S&P 500 closed at new record highs.