Miners, banks recover ground to lift ASX

The banking and resources sectors are recovering after a day on the slide, with the heavyweight stocks lifting Australian shares at the open and away from a six-month low.

Gold up on sliding stocks, Saudi tensions

Gold has risen to its highest level in two and a half months as a slide in global stock markets, exacerbated by mounting tensions between Western powers and Saudi Arabia, forced investors to find safety and unwind some bearish bets in the metal.

Oil price steadies as Saudi tensions mount

Oil prices have steadied, supported by geopolitical tension over the disappearance of a Saudi journalist that has stoked worries about supplies from the world's top crude exporter, but weighed by concern over long-term demand outlook.c

Wall St weighed down by Apple, Saudi issue

US stocks have fallen at the open as an increase in tensions between Western powers and Saudi Arabia added to worries over rising borrowing costs and the impact of tariffs, following the main three indexes' biggest weekly declines in over seven months.

Morning Headlines

Labor retreats on trade

Banks, miners drag on Aussie share market

Overseas weakness has proven to be a drag on the Australian share market, with the benchmark index falling to a six-month low led by losses in banking and mining stocks.

Coles' first quarter food sales jump 5.1%

Coles' supermarket sales have jumped during the first quarter, with parent company Wesfarmers citing a successful 'Little Shop' campaign, and investment in flybuys promotions, as preparations continue for a vote on the chain's proposed demerger.

HIA appoints regional director

The Housing Industry Association has appointed former Chamber of Commerce and Industry of WA director of advocacy Cath Hart as its Western Australian regional director.

ASX ignores Wall St lead, dives at open

An already-bruised Australian share market is ignoring a lead from Wall Street and a commodity price rebound to dive lower at the open, with the banks and miners weighing heavily amid broad-based losses.

Morning Headlines

Investors brace for another volatile week

Gold dips as stocks rebound, dollar gains

Gold prices have eased after their biggest daily gain in more than two years, coming under pressure as the US dollar climbed and global stocks rebounded from a six-day rout.

Oil up slightly after volatile session

Crude futures have steadied late in the session, following the stock market slightly higher, after earlier swinging lower on a weakening oil demand outlook.

ASX200 ends flat after a turbulent week

The Australian share market has finished flat after its worst trading week in almost three years.

ASX200 lower on banks, energy stocks

The Australian share market was lower at midday, dragged down by the big banks and energy stocks hit by plunging oil prices.

Morning Headlines

Trump blames ‘crazy Fed’ for rout

Gold up as selloff sparks flight to safety

Gold prices have jumped over two per cent to more than a two-month high as tumbling global stock markets sent investors rushed to the safe-haven asset.

Oil prices down 3% as global market slides

Oil prices have slumped to more than two-week lows as global stock markets fall, with investor sentiment made more bearish by a bigger-than-expected build in US crude inventories.

Wall St extends slide as rates in focus

Wall Street indexes continued their slide in a volatile session as investors worried about rising interest rates and braced for a trade war hit to corporate earnings.

Local gold stocks rise as market crumbles

A host of WA gold miners including Evolution Mining, Saracen Mineral Holdings and Regis Resources registered strong gains today, as the broader market suffered its second worst day of the year.

ASX plunges at open after Wall St tumble

The Australian share market has plunged at the open, with every sector deep in the red following Wall Street's overnight tumble.

Gold up as dollar slips, global stocks sag

Gold prices inched up as investors sought refuge in the metal after the dollar weakened and global stocks tumbled on the back of rising bond yields.