Lockdown easing lifts metals prices

Industrial metals prices rose overnight as some countries eased coronavirus lockdown measures and oil prices jumped more than 10 per cent, but aluminium lagged, with investors worried that a collapse in demand will cause huge oversupply. Benchmark aluminium on the...

Gold firms as stimulus offsets appetite

Gold steadied above $US1,700 an ounce overnight, as massive global stimulus measures to ease the economic blow from the coronavirus pandemic offset improved risk sentiment on the back of easing restrictions and lockdowns. Meanwhile, auto catalyst metal palladium shed...

Oil prices surge as lockdowns ease

Oil prices soared overnight as some European and Asian countries along with several US states began to ease coronavirus lockdown measures. The rally extended Brent crude’s gains to six straight days, while US benchmark West Texas Intermediate has rallied for...

Wall St up as battered energy shares rise

US stock indexes have jumped as a recovery in oil prices lifted battered energy stocks and a slew of countries eased coronavirus-induced restrictions in an attempt to revive their economies. Some hard-hit countries, including Italy, as well as a handful of US states...

Construction hits lowest level since 2005

Australia’s construction sector has recorded a dismal April with a slump in activity, new orders and employment dragging a key industry index to its lowest level since 2005. The Australian Industry Group and Housing Industry Association’s Performance of...