Copper, zinc climb on easing lockdowns

Copper prices rose for a third day and zinc hit a seven-week peak as investors welcomed more easing of coronavirus lockdowns and a pause in China-US tensions. Copper and zinc joined some stock markets in ticking higher as countries started phased reopenings of...

Gold falls as US dollar strengthens

Gold fell more than 1 per cent overnight, pressured by a stronger dollar and expectations that gold supplies will grow as bullion refineries resume operations, and on gradual improvement in investor risk appetite as countries have begun to ease coronavirus...

Oil falls to below $US30 as glut grows

Oil dropped 4 per cent overnight to below $US30 a barrel as US crude stockpiles ticked up and diesel inventories swelled, offsetting OPEC-led cuts in production and hopes for a recovery in demand as some countries ease coronavirus lockdowns. Brent settled down...

Wall Street gains amid easing lockdowns

Wall Street’s main indexes have risen on hopes of a pick-up in business activity as US states eased coronavirus-induced curbs, with investors also looking past a stunning 20 million plunge in US private payrolls last month. Five of the 11 major S&P sectors...

GM Profit slumps by nearly 90 per cent

General Motors’ first-quarter net income fell 88 per cent, but it still managed to make $US247 million ($A383 million) despite the arrival of the coronavirus pandemic. US car makers suspended production in much of the world in late March. That cut revenue for...