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Speculation has been rife over what caused the flash crash, with some analysts citing the expiry of leveraged positions. Other evidence...

S&P/ASX 200 gains 0.63%; Telstra sells towers business for $2.8 billion Brent crude futures gained 0.5% to US$75.05 a barrel as hopes for a demand recovery persisted despite new outbreaks of the highly contagious Delta variant of the coronavirus. Gold slipped 0.93% to US$1,761.66 per ounce on Tuesday, its lowest level since mid-April as the dollar strengthened in the run-up to this week’s US jobs report. S&P/ASX 200 (INDEXASX:XJO) has gained 0.63% to 7,347 by about 1 pm after the Nasdaq and S&P 500 hit record highs on Wall Street overnight. The local index is on track to advance...

13:03 Thu 03 Jun 2021 S&P/ASX 200 hits record high as strong demand dynamics push oil price above US$70 per barrel Gold prices rose 0.4% to US$1,906.80 per ounce on Wednesday, hovering below a near five-month peak achieved in the previous session. Global investors are awaiting U.S. payrolls data due on Friday to gauge cues on future monetary policy. S&P/ASX 200 (INDEXASX:XJO) has hit another record high earlier today, with the index lifting 0.9% to 7281.8. The Big 4 banks were the largest contributors to the market’s gains as Commonwealth Bank (ASX:CBA) hit a fresh record high ...

S&P/ASX 200 rises following better-than-expected jobs report Companies S&P/ASX 200 rises following better-than-expected jobs report Brent crude futures fell 3.2% to US$66.49 per barrel on Wednesday on fears that rising inflation might lead the US Federal Reserve to raise interest rates. Gold prices hit a four-month high of US$1,889.75 on Wednesday. S&P/ASX 200 (INDEXASX:XJO) has gained 0.80% to 6,987 by about 12.45 pm following the release of better-than-expected job numbers. Australia’s jobless rate declined from 5.6% to 5.5% in April, beating economists’ expectations, with t...