Oil prices slide, OPEC hopes fade
Some observers are now shrugging off the prospect of an OPEC production freeze next month.
Some observers are now shrugging off the prospect of an OPEC production freeze next month.
The competition tsar has ‘validated’ junior miners’ concerns about the export berth’s potential sale.
Paris has labelled the slump which followed its Islamist attacks an “industrial disaster”.
Blue chip telco and bank stocks have led the bourse higher, while individual companies swung on earnings results.
The local market extended early gains at noon, with key earnings results bolstering sentiment.
The banks and Telstra pulled the market higher, while mining services firms took a beating.
Boart Longyear has halved its loss for the first half but warned about its ability to operate as a going concern.
The local unit has softened but remained above US76c, as the market looks ahead to Jackson Hole.
Commodity price worries have struck the local market, outweighing bright spots among earnings results.
The local market was steady at noon, amid a mixed bag of earnings and commodity price wariness.
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