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US stocks slip on fears of new virus wave

US stocks slip on fears of new virus wave

The S&P 500 and Dow Jones indexes have retreated after last week's rally, as investors worry about a second wave of coronavirus infections with the reopening of several economies.Germany and South Korea reported a surge in new COVID-19 cases on Sunday, in an...

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Aussies save $12.7m a day in commute costs

Aussies save $12.7m a day in commute costs

Australians working from home during the coronavirus pandemic are saving a combined $12.7 million a day on average by avoiding commuting, a survey has found.A survey of 1,010 respondents by consumer research website Finder found 37 per cent of Australians, or more...

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Asian shares inch higher – 9Finance

Asian shares inch higher – 9Finance

Asian shares have followed Wall Street higher as investors looked ahead to more countries restarting their economies, even as some reported an unwelcome pick up in new coronavirus cases.South Korea warned of a second wave of the new coronavirus as infections rebounded...

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Copper rises on improving demand prospects

Copper prices climbed to three-month highs overnight as stronger manufacturing data from top consumer China and the loosening of lockdowns imposed to contain the coronavirus stoked expectations of healthier demand. Benchmark copper on the London Metal Exchange (LME)...

Gold firms on China standoff, US protests

Gold prices rose overnight supported by increasing friction between Washington and Beijing and protests in the United States over racism.Spot gold rose 0.6 per cent to $US1,736.40 per ounce by 1744 GMT. Prices earlier rose 1 per cent to hit an over one-week high of...

Oil steady; possible output cuts support

Oil futures steadied overnight as rising US-China tensions weighed on sentiment, but prices drew support from reports that OPEC and Russia were close to a deal extending output cuts.Brent futures rose 48 US cents, or 1.3 per cent, to settle at $US38.32 a barrel. US...

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