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Delay in US-China trade deal hits stocks

Concerns that a trade deal between the United States and China may not be imminent have reined in a rally in world equity markets and reversed gains on Wall Street.

Morning Headlines

Treasurer injects $60m into bank watchdog

Miners and health care stocks lift ASX

A late rally from mining and health care stocks has lifted the Australian share market into the black despite energy shares and the big four banks dragging on the index.

Energy, financials drag on ASX at the open

Australian shares have fallen at the open despite overnight gains on Wall Street, with energy stocks slipping on falling oil prices, and the financial sector also dragging on the bourse.

Wall St climbs for third day

US stocks have risen for a third straight session as President Donald Trump said trade talks with China were "moving along nicely," reviving hopes that the two countries can resolve their trade dispute.

Morning Headlines

Data stolen in cyber-attack on shipbuilder

Gold prices jump 2% as US dollar slips

Gold rose nearly 2.0 per cent overnight, bouncing off a three-week low touched in the previous session as the dollar fell sharply from recent highs, making the metal cheaper for holders of other currencies.

Oil drops on rising supply, economic gloom

Oil has fallen nearly 3.0 per cent, with US crude futures hitting lows not seen since April, due to growing concerns that global demand is weakening at a time when output from the world's major oil producers is surging.

Miners and banks rally late to lift ASX

On the first day of November the Australian share market drew inspiration from the spring carnival - it jumped, fell behind but sensed the winning post and surged clear to close higher, lifted by banking and mining stocks.

BHP outlines $US10bn shareholder windfall

BHP shares have jumped more than 4 per cent after the mining giant said it would return $US10.4 billion ($A14.7 billion) to shareholders in the form of an off-market buyback and special dividend.

BHP surge helps lift ASX in opening trade

Australian shares are ahead at the open following overnight gains on Wall Street and a five per cent surge in BHP after the mining giant announced it would return $14.7 billion to shareholders.

Gold at a three-week low as dollar rises

Gold has fallen to a near three-week low as the US dollar scaled a 16-month peak and a stock market rebound stirred renewed appetite for riskier

Oil falls on signs of rising global supply

Oil prices have fallen and posted the worst monthly performance since mid-2016 on evidence of rising global crude supply, but losses were limited by signs of strong US demand for fuel.

Morning Headlines

Offshore drilling ‘is a national priority’

Banks, miners lift choppy ASX

A late surge from heavyweight banking, mining and energy stocks has pulled the Australian share market higher on a choppy trading day.

Osborn receives AICD excellence award

Two major organisations have recently honoured successful Western Australians, with the Australian Institute of Company Directors presenting exellence awards to Wayne Osborn and Erica Smyth, while Curtin University has recognised the achievements of two former 40under40 winners.

Malone to chair satellite company

iiNet founder and 40under40 winner Michael Malone has been appointed chair of ASX-listed satellite company Sky and Space Global (SAS).

Banks up, miners down in choppy ASX open

Financial and energy stocks got a jump at the open, but miners and healthcare shares were holding the Australian market back during choppy early trade.

Morning Headlines

WA in $290m project pitch

LWP and PRM set to merge

Perth land developers LWP Property Group and PRM Property Group have announced a merger, with the combined group to have four equal shareholders.

Gold dips as trade jitters boost dollar

Gold prices have fallen as concerns about a further escalation of the US-China trade war boosted the US dollar, eroding bullion's appeal as it tested a key technical support.

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