Asian shares jump, yields rise

Asian shares and Wall Street futures have rallied as the start of the Federal Reserve’s corporate bond buying program boosted global investor sentiment and calmed earlier worries about a second wave of coronavirus infections. MSCI’s broadest index of...

Oil prices rise 2% on OPEC+ output pact

Oil prices rose more than 2 per cent overnight as signs that fuel demand was recovering, while OPEC+ members were complying with a production cut deal, outweighed fears that new coronavirus infections could further slow the global economy. US West Texas Intermediate...

ASX to rise amid second wave concerns

The Australian share market is tipped to open positively but could be in for a mixed week as fears of a second wave of COVID-19 remain. AMP Capital chief economist Shane Oliver suspects the S&P/ASX200 benchmark index to open up about 20 points on Monday after the...

Oil higher, even as US inventories rise

Oil rebounded from earlier losses overnight, even as US data showed crude inventories rose to a record high, reviving worries of a persistent glut due to weak demand. Crude stocks rose by 5.7 million barrels in the week to June 5 to 538.1 million barrels, according to...

Chinese stimulus hope helps copper rise

Copper prices rose as much as 2 per cent overnight as investors looked past a US-China confrontation over Hong Kong to the prospect of Chinese economic stimulus that would improve metals demand. Benchmark copper on the London Metal Exchange (LME) was up 1.4 per cent...