Chinese, US data cheer Asian markets

Asian shares have risen after data showed China’s manufacturing sector grew more than expected in June, a hopeful sign for a global economy still struggling to recover from the sweeping impact of the coronavirus crisis. MSCI’s broadest index of...

Oil rises on improving economic data

Oil prices rose about $US1 a barrel on Monday, after bullish data from Asia and Europe, but investors are wary about sharp spikes in new coronavirus infections around the world. Brent crude gained 69 US cents, or 1.7 per cent, to settle at $US41.71 a barrel. US crude...

Oil rises as US economic data lends help

Oil prices rose about 2 per cent in a volatile session overnight, buoyed by signs of a marginal improvement in the US economy and a tepid rise in fuel demand, but price gains were limited by rising cases of COVID-19 in some US states. Brent crude rose 74 US cents, or...

Copper gains as Trump, data help outlook

Copper prices rose overnight after US President Donald Trump said a trade deal with China was “fully intact” and stronger-than-expected European and US data bolstered hopes of a rapid economic recovery. Benchmark copper on the London Metal Exchange was up...

Shares to rise early on US economy data

Investors are likely to see slight gains early on the Australian share market after improving economic data helped Wall Street edge higher. The Australian SPI 200 futures contract was higher by 4.0 points, or 0.07 per cent, to 5,929.0 at 0700 AEST on Wednesday. In the...