US stocks have surged a day before the Federal Reserve begins meeting to review monetary policy, with expectations mounting that it will make no sharp changes to its economic stimulus.
The Australian dollar is slightly higher as traders wait for an announcement on whether the US Federal Reserve will wind down its economic stimulus measures.
The Australian dollar is weaker following a fall on Wall Street after a flat reading on US industrial production for May and a decline in the University of Michigan consumer sentiment index.
US stocks ended last week in the red as market speculation boiled over the Federal Reserve's stimulus program ahead of the Fed monetary policy meeting next week.
ASX Ltd's $553 million capital raising has prompted speculation the stock market operator was clearing debt to free it up to take part in a big merger deal.
The Australian dollar has surged to its highest point in a week with it looking less likely the US Federal Reserve will wind back its economic stimulus program.
US stocks gained their footing after a rocky start on Thursday to put on strong gains in their first positive day this week, shrugging off the 6.4 per cent plunge in Japanese markets.
The Australian share market posted its 13th day of losses in 17th trading sessions amid worries about global economic growth and the winding back of stimulus packages.
The Australian market has continued its downhill run, opening more than half a per cent lower following falls on international bourses and worries about central banks' stimulus plans.
US stocks have fallen sharply in highly volatile trade, with the Dow posting its first three-day losing streak this year amid worries about central banks' stimulus plans.
The Australian share market extended its losses on Wednesday as investors continued to move their money offshore amid concerns about a weak global economy
US stocks have ended the day solidly lower after the Bank of Japan's status-quo policy decision revived concerns about the winding down of central bank stimulus measures.
West Perth company Ezeatm has announced an earning downgrade one week after sacking company founder and chief executive Todd Zani, who has allegedly responded by requesting a shareholder meeting to
The Australian share market is marginally higher to begin the week, reflecting mixed offshore leads during the long weekend for the Queen's Birthday holiday.
Leighton Holdings and Perseus Mining were among the losers from the latest rebalancing of Australian stock market indices, while Automotive Holdings Group and nickel explorer Sirius Resources were
