Live updates: Australian share market higher in afternoon trade, as gold jumps

After returning from the Christmas break, the Australian share market is trading higher at lunch time, while in the US uncertainties around president-elect Donald Trump's policies lifted gold prices.

With a completed degree and a new job, Isabel is now taking on a new career, but thinks owning her own home is "a pipe dream".The babies were from a broad range of backgrounds and the study found some fascinating shifts over time, essentially: Rising house prices have benefited home owners as investment in public housing has fallen. When the study began in 1990 around one quarter of the families lived in public housing. But the amount state and federal governments spend on the sector had fallen spectacularly, until a recent turn-around.

"A weak Chinese economy, American threats to impose punishing trade tariffs, a poor medium-to-longer-term outlook for our key exports and a sluggish economy are likely to keep the Australian dollar under pressure through 2025, threatening to send it into the 50 US cents."Hello, Nadia Daly here to carry you through to the end of the day with all the business and finance news you might need.

On a day of few catalysts, investors responded to yields on US government bonds inching higher, including the yield on the benchmark 10-year Treasury note hitting its highest since early May at 4.64% earlier in the session. The megacap tech stocks came off somewhat in the summer, as investors sought to rotate some capital into other sectors offering more value. Since the US elections in November though, they have resumed their drive upwards and have outperformed the equal-weighted version of the S&P 500, said Adam Turnquist, chief technical strategist for LPL Financial.

US stocks steadied after the three major indexes slipped in early trading, interrupting what looked like a "Santa Claus rally" shaping up early this week, in which shares get a seasonal boost from low liquidity, tax loss harvesting and investment of year-end bonuses.

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