Politics & the Economy

US S&P 500 slips on rates concerns

The US benchmark S&P 500 stock index has closed a touch lower as strong earnings from Procter & Gamble Co were offset by ongoing concerns about rising interest rates and tensions over trade policy denting economic growth.

Morning Headlines

PM holds policy ground amid byelection belting

Gold firms to post third week of gains

Gold prices have edged up for a third straight week of gains, supported by robust technical momentum and a softer dollar.

Oil up, but ends week down on stock build

Oil prices have risen on signs of surging demand in China, the world's number two oil consumer, although prices were headed for a second weekly decline on swelling US inventories and concern that trade wars were curbing economic activity.

TAB sale odds on in tough market

Opinion: The long-awaited sale of the government’s betting agency could still come at a big cost to taxpayers.

Wall St slides as Saudi, Italy add to woes

US stocks have fallen more than one per cent as the European Commission issued a warning regarding Italy's budget and concerns mounted over the possibility of strained relations between the United States and Saudi Arabia.

Morning Headlines

Gas players in rare alliance

Gold prices rise as global stocks drop

Gold has risen overnight as renewed weakness in global stock markets spurred investors to seek refuge in bullion, which has also been helped by an improved technical outlook.

Oil dips on fear over escalating trade row

Oil prices fell as investors' concerns returned to the impact an escalating trade row between China and the United States will have on oil demand growth and data showing ample supplies.

WA jobless rate drops 0.4%

Full-time employment in Western Australia has hit a three-year high, as the latest data from the Australian Bureau of Statistics revealed a decline in the state’s jobless rate to 6 per cent in September.

Government intervenes in casual pay case

Unions have blasted Industrial Relations Minister Kelly O'Dwyer's decision to intervene in a potentially landmark court case about casual workers' pay and leave entitlements.

Morning Headlines

Partial Landgate sale falters

Gold dips, dollar gains, after Fed minutes

Gold prices have edged lower as the US dollar strengthened after minutes from the Federal Reserve's September meeting cemented expectations for more interest rate hikes by the US central bank.

Crude oil slumps after large stock build

Oil prices have fallen with US futures settling below $US70 a barrel for the first time in a month, after US crude stockpiles rose 6.5 million barrels, almost triple what analysts had forecast, while exports dropped.

Wall St falls as investors eye hawkish Fed

Wall Street's major indexes have edged lower in a choppy session after the US Federal Reserve showed broad agreement on the need to raise borrowing costs further, cementing investor concerns that had cause a major sell-off the week before.

Pacific trade deal backs in businesses: PM

Australia is set to officially join a massive trade deal hailed by Prime Minister Scott Morrison as a golden businesses opportunity.

Wall St jumps more than 2%

Stocks across the world have bounced back, supported by strong earnings results and expectations, while oil prices rose as evidence of higher US production was overshadowed by concerns about supply from Iran and Saudi Arabia.

Oil prices edge up amid cautious trade

Oil prices have edged up in cautious trade as expectations of higher US shale output and inventories vied with worries that crude supply from the Middle East could be disrupted by looming US sanctions on Iran and growing tensions with top exporter Saudi Arabia.

Gold holds steady at July price peak

Gold has held steady at near two and a half month highs as dollar weakness offset improved risk appetite among investors, reflected in recovering global stock markets.

Morning Headlines

Telstra stung by investor revolt

Burges set to depart WALGA

WA Local Government Association chief executive Ricky Burges is set to step down next year, after nearly two decades at the helm.