Copper rallies on higher China imports

Copper prices climbed for a fourth straight session overnight as China reported a rise in imports for the metal and an unexpected jump in overall exports, signalling a rebound in the health of world’s second-largest economy. Benchmark three-month copper on the...

Gold jumps 2% after more jobless data

Gold jumped 2 per cent overnight after a string of weak economic data, including surging unemployment in the United States, heightened fears over a coronovirus-induced global downturn, while investors turned their attention to nonfarm payrolls for further cues. Spot...

Oil slips as demand fears erase bounce

Oil prices slipped overnight as global supply and demand worries erased earlier gains seen from an increase in Saudi Arabia’s official crude selling price and a surprise rise in Chinese exports last month. Brent futures fell 26 cents, or 0.9 per cent, to settle...

ASX flat start likely to busy day

Shares appear set for a flat start to ASX trading after stronger than expected Chinese exports data offset US unemployment figures overnight. The benchmark SPI 200 futures contract was up 5 points, or 0.09 per cent, to 5,373.0 at 0700 AEST on Friday. Stocks globally...

Wall St jumps on PayPal outlook optimism

US stocks have jumped as investors were encouraged by PayPal’s outlook and an unexpected rise in Chinese exports, which raised hopes of an economic recovery. The payments processor rose 11.8 per cent, providing the biggest boost to the S&P 500 after it...