Stephen Letts

Preliminary talks between miners BHP and Anglo American end without a deal. The ASX rebounds more than 1 per cent after renewed hopes of a December rate cut powered Wall Street higher. Here's how the session played out.

ANZ has posted a 10 per cent slide in net profit to $5.9 billion but a bounce in its shares drove the ASX higher. 

A solid full year result from Westpac propelled banks higher and the ASX to a positive close despite miners being sold off.  

"Constructive" talks between US and Chinese trade negotiations ahead of a meeting between Trump and Xi have lifted global share markets.

The ASX gained 0.4 per cent as investors rotated out of miners and gold and into banks.

The ASX sheds 0.8 per cent following Wall Street's Friday hair-on-fire session while gold continues on its record breaking run.

The ASX was dragged down by selling in banks outpacing demand for gold and rare earth stocks.

The ASX jumped more than 1 per cent as investors renewed their appetite for risk.

The ASX bounced out of the blocks, supported by banks and healthcare stocks gaining 0.9 per cent, while gold hit a new record high.

RBA delivers upbeat economic assessment to parliament, but warns about the risks of a Chinese slowdown.