US stocks have swung erratically as the US dollar sank and bond prices rose, but finished higher a day ahead of the government's release of US employment data for May.
The Australian dollar has fallen to its lowest level since October 2011 amid weakness on global stock markets.The currency dropped to a low of 95.11 US cents early this morning.
US stocks have shed more than 1.0 per cent following a global rout as weaker-than-expected data on private jobs creation underscored weakness in the US economy.
The Australian dollar has fallen over one US cent after sluggish national account figures raised the possibility of more interest rate cuts by the Reserve Bank of Australia.
Founding director and chairman of Aquila Resources Charles Bass has sold off almost $6.2 million worth of shares, as part of moves that reduced his beneficial interest in the company to 10.7 per ce
WESTERN Australian stockbrokers CPS Securities and Indian Ocean Capital have agreed to merge to create the ninth biggest stockbroking operation in the state.
US stocks have forged higher as weaker-than-expected economic news fuelled hopes the Federal Reserve will continue to keep its foot on the stimulus pedal.
The Australian dollar has fallen to its lowest level since October 2011 after the release of stronger US consumer sentiment figures boosted the US dollar.
Austbrokers Holdings has expanded its insurance underwriting agency business with the purchase of majority shareholdings in Perth-based Lawsons Underwriting Australasia and Melbourne-based Guardian