Australian Shares Dip as Oil Hits Seven-Week High

Australian shares dip as oil hits seven-week high

Eight of 11 Australian stock exchange sectors are in the red as the Middle East war and persistent inflation keep traders on edge.

ASX set to slide as oil prices rise; Copper prices soar

European stocks were weighed down by higher oil prices and a drop in Novartis following the failure of a heart drug, while Wall Street was closed for the Labor Day holiday.

ASX 200 LIVE: ASX to slip, Copper resets record high in London trading

Australian shares are set to open modestly lower, tracking weakness in Europe with US markets closed for Labor Day. Follow live.

Market Open: Rising oil prices putting pressure on ASX this morning

Rising Middle East tensions are putting pressure on world markets with the ASX forecast to open lower this morning.

ASX set to edge lower as oil hits six-week high

US markets were closed on Monday for the Labor Day holiday, although equity futures pointed to a cautious start when trading resumes.Dow Jones Industrial Average futures fell 308 points, or 0.6%, while S&P 500 futures slipped 0.2%. Nasdaq 100 futures bucked the trend, edging 0.1% higher.Investors remain focused on the Iran war after the US