Copper dips on China factory data

Copper prices eased overnight as a survey showed factory activity in its top consumer – China – unexpectedly shrunk, but hopes for higher metals demand curbed price falls. Lingering fears for a long recovery ahead for China pulled benchmark copper on the...

Gold dips, but on track for good month

Gold prices fell overnight as investors liquidated their long positions, but was en route to its best month since August based on massive amounts of stimulus intended to help the economy recover from the COVID-19 outbreak. Spot gold fell 1.6 per cent to $US1,683.72...

Oil prices surge in end to historic month

Oil prices jumped overnight after producers said they would cut output and as signs the US crude glut was not growing as quickly as many feared resulted in an upbeat close. Fuel demand worldwide slumped about 30 per cent in April. Even after major oil producers led by...

ASX set to open lower after record month

Share prices are set to decline when trading begins on Friday after the Australian stock market recorded its best month since 1988. The SPI 200 futures contract was down 123 points, or 2.22 per cent, at 5,417.0 points at 0700 AEST on Friday. Overnight, US stocks lost...

S&P 500, Dow slip on US jobless data

The S&P 500 and Dow Jones indexes have dipped as a grim US jobless claims report took the shine off a strong month for stock markets globally but encouraging quarterly earnings reports from Facebook and Tesla supported the Nasdaq. Nine of the 11 major S&P 500...