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Shares close 10pts higher

The Australian share market index has closed at its highest level since May this year as the improved potential for US tax cuts and a turnaround in iron ore futures lifted sentiment.

Shares open 19pts lower

The Australian share market has started lower with a dip in oil prices weighing on the local energy sector, as Wall Street closed flat after a dip in technology shares.

Aussie dollar gains again on greenback

The Australian dollar has gained yet more ground against the US dollar after a drop in the local unemployment rate.

Morning Headlines

Income tax rises to save budget

Shares close 5pts higher

The share market has for a second consecutive day fallen back after breaking through 5,900 points, as significant falls by the big miners almost outweighed gains in most other market sectors.

Shares open 6pts higher

The Australian share market has opened higher, with weakness in mining stocks tempering strength in financials and a strong lead-in from a record overnight close on Wall Street.

Gold slips as dollar firms

Gold fell for a third straight session on Wednesday on pressure from the U.S. dollar's gains for much of the session and amid speculation that the next chair of the Federal Reserve could be a policy hawk.

Oil pares gains as US stockpiles rise

Oil prices settled slightly higher on Wednesday, with Brent touching three-week highs and then retreating after a surprising drop in U.S. refining rates and an unexpected build in fuel stocks signaled slower demand in the world's top oil consumer.

Morning Headlines

Origin offers WA gas discounts

Shares close 0.9pts higher

The share market's recent run of gains has stalled due to weakness among telcos and miners and heavy falls from Crown Resorts and Lendlease.

Shares open 7pts higher

Australians shares have started marginally higher, as investors tread cautiously following falls in mining stocks and news that Rio Tinto has been charged with fraud.

Gold falls on talk about next US Fed chair

Gold prices fell to a one-week low on Tuesday on speculation that the eventual successor to US Federal Reserve Chair Janet Yellen will favour higher interest rates.

Oil prices stay mostly steady

Oil prices ended little changed on Tuesday, steadying after earlier gains and losses, as expectations of high US production and exports offset concerns that fighting between Iraqi and Kurdish forces could threaten the country's crude output.

Morning Headlines

Western Power eyes disruption

Shares close 42pts higher

Rising commodity and energy prices have powered mining and energy stocks and lifted the Australian share market to its highest level since May.

Shares open 18pts higher

The Australian share market has opened higher following the lead from Wall Street, where major stock indices rose overnight, with the local market now at its highest level since May.

Gold prices fall from three-week high

Gold has turned lower, pressured by profit-taking after extending gains above the $US1,300 mark to a three-week high amid ongoing tensions over Iran and North Korea as well as recent weak US economic data.

Oil up as Iraq forces cut output in Kirkuk

Crude prices have risen one per cent as Iraqi forces entered the oil-rich city of Kirkuk, seizing territory from Kurdish fighters and briefly cutting some crude output from OPEC's second-largest producer.

Local dollar falls against US counterpart

The Australian dollar has retreated slightly against its US counterpart, despite little major news flow.

Morning Headlines

Power ‘guarantee’ to fix crisis

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