$A bounces back from US-China trade scare

The Australian dollar has rebounded after a senior White House official walked back comments that seemed to imply the US-China trade deal might be over and triggered a wave of risk aversion in Asian markets. The currency took a sudden spill when White House trade...

Oil surges on US-China trade optimism

US oil futures have closed out May with record monthly gains, on hopes that the US-China trade deal would remain intact and on falling crude production. West Texas Intermediate crude futures for July delivery settled at $US35.49 a barrel, jumping $US1.78, or 5.3 per...

US shares dip on US-China tensions

The S&P 500 and Dow have slipped as investors were nervous ahead of a US response to China’s national security law on Hong Kong that threatens to take the shine off another month of strong gains for the stock market. US President Donald Trump, who has warned...

ASX set to open lower on US-China tension

Sharemarket investors can expect the ASX to open lower after fears in US markets overnight about rising US-China tensions. The SPI 200 futures contract was lower by 20 points, or 0.34 per cent, to 5,836.0 at 0705 AEST on Friday, indicating losses in early trade. In...

Oil slides on US-China tensions

Oil futures tumbled overnight after US President Donald Trump said he was working on a strong response to China’s proposed security law in Hong Kong and as some traders doubted Russia’s commitment to deep production cuts. Russian President Vladimir Putin...