Oil prices steady as market waits on OPEC+

Oil prices were little changed in choppy trade overnight as investors awaited a decision from top crude producers on whether to extend record output cuts. The Organisation of the Petroleum Exporting Countries (OPEC) and allies led by Russia, a group known as OPEC+,...

Flat share market expected at open

The Australian share market is expected to open only slightly higher on Monday despite a surge on Friday and a rally on Wall Street. Futures rose just three points, or 0.1 of a per cent, following last week’s close. AAP Capital chief economist Shane Oliver said...

Australian market to dip as trade resumes

The Australian share market is expected to dip slightly when trade resumes for the week, but a significant sell-off which saw prices tumble on Friday is unlikely to be repeated. The futures market suggests the benchmark S&P/ASX200 will fall by a modest seven...

Wall St rises on hopes for labour market

Wall Street has gained as jobless claims declined for the third straight week, raising hopes the worst of the coronavirus pandemic’s impact on the labour market might be over, but a crash in business activity dulled sentiment. New data shows 4.43 million...