Banks lift ASX before Hayne report drops

Financial stocks have given the Australian share market a surprising lift despite the sector bracing for the fallout from a landmark misconduct inquiry.

ASIC orders CBA unit to stop taking fees

The corporate watchdog has told Commonwealth Bank of Australia's financial planning unit to stop charging customers with fees after failing to meet its obligations from the fees-for-no-service scandal.

Banks shake off looming report, boost ASX

Australian shares are in positive territory at midday after stocks in the four major banks gained, shaking off concerns about the release of the financial services royal commission on Monday afternoon.

Morning Headlines

Lib MP ‘has questions to answer’ over lobster tour

Gold eases on US jobs data

Gold slipped on Friday, weighed down by robust US jobs data, but remained on course for a second week of gains buoyed by the US Federal Reserve's signal that it would pause its interest rate hikes.

Oil prices up on strong US jobs data

Oil prices rose about 3 per cent on Friday on upbeat US jobs data and signs that US sanctions on Venezuelan exports have helped tighten supply, then extending gains after weekly data showed U.S. drillers cut the number of oil rigs.

Amazon jitters, upbeat data on Wall St

Wall Street ended mixed on Friday, as optimism from a surge in January US job growth was offset by a weaker-than-expected outlook from that battered retail stocks.

ASX closes flat bolstered by strong miners

The Australian share market has closed flat after a subdued final day of trading with early gains in the mining sector keeping stock prices afloat. 

ASX flat at noon following quiet morning

Australian shares are flat at noon after the big miners gave up some of their earlier gains amid a subdued day of trading.

S&P 500's best month since 2015

Wall Street has ascended, with the S&P 500 wrapping up its biggest monthly increase since 2015 after strong earnings from Facebook Inc added to optimism after the Federal Reserve's dovish remarks.

Morning Headlines

Building giant pulls out of $1.1 billion Metronet contest

Oil prices up as OPEC cuts tighten supply

Oil prices have risen for a third straight day as production cuts curbed supply from OPEC and its allies, and US monetary policy appeared to be more favourable.

Gold steady after hitting nine-month peak

Gold prices were steady overnight, having earlier hit their highest in nine months after the US Federal Reserve kept interest rates steady and said it would be patient on further hikes, keeping bullion on track for a fourth-straight monthly gain.

Eden Innovations plans $9.8m capital raising

Clean technology company Eden Innovations has announced it is planning to raise $9.8 million through a share placement and rights issue after running down its cash balance to $1.35 million at the end of December.

Strong miners not enough to lift up ASX

A strong performance by the energy and mining sectors was not enough to save the Australian share market from being weighed down by troubled financials at the close.

SRG Global and WBHO win $41.6m contract

SRG Global and WBHO Infrastructure have entered a $41.6 million joint venture to deliver the Wanneroo Road and Ocean Reef Road Interchange project.

Miners and energy stocks lift ASX at open

Australian shares are up at the start of trade, with the big miners and energy companies leading the way thanks to a continued rise in iron ore and oil prices.

Gold eases ahead of Fed rates decision

Gold has inched lower but stayed close to its highest in more than eight months as the US dollar ticked up on better-than-expected US private-sector jobs data and investors waited to hear about the Federal Reserve's decision on monetary policy.

Oil gains on tighter US supply data

Oil prices have risen after US government data showed signs of tightening supply and investors remained concerned about supply disruptions following US sanctions on Venezuela's oil industry.

Morning Headlines

Miners back Uluru call for ‘voice’

Wall St up sharply as Fed signals patience

US stocks have surged after the Federal Reserve said it would be patient in lifting borrowing costs further this year, reassuring investors worried about a slowing economy.