The Dow Jones Industrial Average has fallen 119.38 points, or 0.26 per cent, to 46,558.47. The S&P 500 lost 40.43 points, or 0.61 per cent, to 6,632.19.
Stephen Culp and Johann M Cherian
Uncertainty about interest rates and higher fuel bills has left strategists cautious about buying shares, despite big falls.
Tom Richardson
Australian shares fell during Friday’s trading as oil price fears overshadowed strong gains from one of the market’s largest sectors.
Cameron Micallef
Investors have lost confidence in BHP’s ability to emerge victorious from an iron ore trade dispute with China after key products were added to a growing ban list.
Adrian Rauso
Australia’s coffers could gain $190bn in a decade by making a simple tax change during the “worst housing crisis in living memory”.
Cameron Micallef and Ria Pandey
European stocks face their biggest two-week drop in a year and US futures hint at more falls amid worry over oil prices and inflation risks due to the Iran war.
Lucy Raitano and Ankur Banerjee
Jack Cowin’s revamp of Domino’s hinged on reversing the Australian pizza chain’s addiction to discounts, vouchers and multibuy deals. Now a war in Iran threatens to up-end his progress.
Angus Whitley
Northern Star Resources shares have been hammered and its vulnerability to a takeover called into question, as the gold miner’s 37-year old Super Pit mill buckles again while holding out for a replacement.
Simone Grogan and Daniel Newell
The Middle East war continues to wreak havoc on equities as surging oil prices hammer global growth hopes and light a match under inflation expectations.
Adrian Black
Millions of Australians are being “shortchanged” on tax, leaders have warned, while one state booms.
Nathan Schmidt
US stocks have ended sharply lower as oil prices surged on news of Iranian attacks on oil tankers, stoking inflation concerns and sending investors running.
Traders wiped $40bn from the local market on Thursday, off the back of surging oil prices and fears of a potential rate hike.
Investor nerves over just how long the US-Israeli war with Iran will last and growing fears over global oil supply is driving the Australian share market back deep into the red.
Daniel Newell
For the first time in history, supermarket giants Coles and Woolworths are being led by women, representing an upward trend in the appointment of Australian retail queens.
Cheyanne Enciso
Attacks on oil tankers in the Persian Gulf have pushed up oil prices and weighed on shares amid fears of a prolonged conflict in the Middle East.
Niket Nishant and Stella Qiu
Oil prices have rocketed despite the largest emergency reserve release in history, sending Australian markets into sharp decline.
Oil prices have surged as the Middle East conflict escalates, overshadowing a plan to release millions of barrels of crude reserves to shore up supply.
The lithium miner’s bottom line was dealt a big blow by its substantial share price rebound, while a shift to renewable energy has so far shielded it from an Iran War shock.
Adrian Rauso and Daniel Newell
US shares have ended down as the escalating military conflict in the Middle East drove oil supply fears and overshadowed a tame inflation report.
At Thursday’s Australian close of US71.8¢, the dollar is the best performer this year from the G10 basket of currencies, which includes the US dollar, the British pound and the Japanese yen.
Sean Smith
Major banks and mining giants have powered the ASX higher despite a deputy RBA governor’s stark warning the move could trigger March rate rises.
Asian shares have risen but losses have mounted in Europe as anxiety over the US-Israeli war on Iran and the resulting volatile oil prices take their toll.
Amanda Cooper
Volatile oil prices continue to dictate stock market sentiment with the local bourse trading higher on hopes tapping reserves could shore up crude supply.
Shares in Lynas Rare Earths have surged after the company revamped a Japanese offtake deal with a ‘magic’ floor price baked in that counters China’s market dominance.
