Trade-sensitive industrial stocks have led the Dow Jones Industrial Average to a record closing high, the last of Wall Street's main indexes to fully regain ground since a correction that began in January.
Gold edged up to hit its highest in nearly a week as the US dollar slumped, its safe-haven appeal lessened by reduced fears over the near-term impact of Sino-US trade tensions.
Oil prices eased, pulling back after US President Donald Trump urged OPEC to increase production at its meeting in Algeria, and slowing bullish momentum that had previously propelled the market toward four-year highs.
The Administrative Appeals Tribunal has today set aside a decision by the Australian Securities and Investments Commission to ban Robert Hutchison from providing financial services.
The six-month Plus Eight accelerator program reached its 2018 culmination last night, as seven startups pitched their growth and expansion plans to a sold-out audience.
The S&P 500 and the Dow Jones Industrials Average have risen as bank stocks gained on rising Treasury yields, while a drop in Microsoft pressured the Nasdaq.
US oil futures surged nearly two per cent as they were bolstered by a fifth weekly crude inventory drawdown and strong domestic petrol demand amid ongoing global supply concerns over US sanctions on Iran that come into force in November.
Gold rose as the US dollar weakened, indicating investors are starting to worry about the impact of the US-China trade war on the US economy, luring some buyers back into precious metals investments.
Australian shares have opened higher, mirroring an overnight recovery on Wall Street after the heavyweight mining sector was helped by improved copper and iron ore prices.
Oil futures rose more than one per cent on signs that OPEC would not be prepared to raise output to address shrinking supplies from Iran, and as Saudi Arabia signaled an informal target near current levels.
The Australian share market is on course for its second worst month of 2018 after the Trump administration announced additional trade tariffs on China.
The state government has announced Janet Holmes a Court will replace Sam Walsh as chair of the Art Gallery of WA, amidst uncertainty around the future of chief executive Stefano Carboni.
US stocks have fallen, led by declines in technology and consumer discretionary stocks as investors looked to President Donald Trump's announcement regarding tariffs on $US200 billion of Chinese imports.
Oil prices were little changed as the market weighed deepening trade tension between the US and China that is expected to dent global crude demand and potential supply tightening due to Iran sanctions.
A softer dollar and short-covering has lifted gold after two sessions of declines, but investors braced for more US-China trade tensions, with some buying bullion as a safe haven.
Australian shares are down at the open amid lingering uncertainty over US-China trade relations, while shares in the under-fire aged care sector are dragging on the market after the announcement of a royal commission.
Gold turned negative as the US dollar rose against the Chinese yuan after US President Donald Trump reportedly told aides to proceed with tariffs on Chinese imports.
Oil prices pulled back on concerns additional US tariffs would be placed on Chinese imports, after an earlier rally triggered by worries that more sanctions on Iran might constrict supply.
US stocks have ended little changed as financials rose with bond yields, while news that President Donald Trump instructed aides to proceed with tariffs on about $US200 billion of Chinese products limited gains.
Australian shares have finished higher on Friday, buoyed by improving global sentiment around trade, solid Chinese economic data and a bout of local buying by bargain hunters.
