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Shares close 45pts higher

The Australian share market has staged an end-of-week recovery as investors rekindle their belief that US President Donald Trump will be able to address the issue of tax cuts regardless of the outcome of his efforts to repeal Obamacare.

Shares open 33pts higher

Australian shares are sharply higher, bucking the lead from Wall Street which closed mostly flat due to concerns over a delay to President Trump's first major reform bill's passage through Congress

Gold edges down on firmer US dolla

Gold prices slip as the US dollar firms slightly, while palladium extends gains to hit a two-year high on economic data and demand from the automobile sector.

Oil slips as inventories curb recovery

Oil prices have dipped, struggling to recover from four-month lows because of investor concerns that OPEC-led supply cuts were not yet reducing record US crude inventories.

$A down against $US

The Australian dollar is lower against its US counterpart, and the yen and the euro, as the local currency underperforms while the greenback remains steady.

Wall St down as US healthcare vote delayed

Wall Street has declined after US lawmakers delayed a vote on a healthcare bill seen as President Donald Trump's first policy test.

Morning Headlines

Li offers more trade, at a price

Shares close 23pts higher

The share market has posted a small gain as investors recuperated some of the losses from a Wall Street-led sell-off on Wednesday.

Residential wall bites brick makers

Weakness in Western Australia's residential construction sector is throwing up significant challenges for building product manufacturers, weighing on the profits of ASX-listed outfits Brickworks and Boral.

Shares open 11pts higher

Energy and mining stocks have helped lift the Australian share market in a modest recovery from its sharpest one-day fall in more than four months.

Morning Headlines

Big business tax cuts fears grow

Gold hits 3-wk peak amid Trump worries

Gold has climbed to a three-week high as the US dollar has fallen to seven-week lows and bond yields sink on uncertainty over the economic policies of US President Donald Trump.

Oil drops to lowest since Nov

Oil prices have again slipped, falling to their lowest since late November, with Brent testing the $US50 per barrel support, after data showed record high US crude inventories rising faster than expected, raising doubts over the viability of OPEC-led output cuts.

$A higher against $US

The Australian dollar is higher against its US counterpart which has lost further ground as investors rethink the growth expectations under US president Donald Trump's administration

Shares close 90pts lower

Almost $30 billion has been wiped from the value of the Australian share market as concerns about delays to US President Donald Trump's healthcare and tax reforms rattled Wall Street and markets around the world.

Rinehart family trust feud escalates

Bianca Rinehart has been given the go-ahead to sue her mining-magnate mother over her handling of the family's multibillion-dollar trust.

Shares open 74pts lower

The Australian share market is lower in early trade with investors spooked by a sharp sell-off overnight on Wall Street.

Gold at near 3-wk high as $US falls

Gold has rallied to the highest level in nearly three weeks after a strong debate performance from French centrist presidential candidate Emmanuel Macron and as fading expectations for near-term US interest rate rise pushs the US dollar lower.

US oil hits Nov low on fresh glut fears

Oil prices have fallen, with US crude dropping to its lowest since November, as concerns about new supplies overshadow the latest talk by OPEC that it was looking to extend output cuts beyond June.

$A treads water against $US

The Australian dollar is treading water against its US counterpart as the greenback falls to a six-week low against a basket of currencies but the local central bank minutes fail to shed fresh light on its likely moves.

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