Financial Services

The Australian share market closed lower but recovered some ground after the Reserve Bank cut the cash rate to a record low.

The Australian share market has opened flat as banking stocks slipped ahead of a Reserve Bank decision on interest rates.

The Australian dollar is lower ahead of the Reserve Bank of Australia's interest rate decision.

US stocks have closed mixed, with Bank of America advancing strongly on news of a key mortgage securities settlement.

The Australian dollar is still higher after getting a boost from better US employment figures, increasing optimism about the America's economic recovery.

The Australian market closed higher as the resources sector staged a recovery due to a jump in commodity prices.

The Australian sharemarket has opened more than one per cent higher after strong US jobs numbers pushed American stocks to a record high and helped miners outperform the market.

The Australian dollar has pushed above 103 US cents on news of improvements in the US jobs market.

European and US stock markets soared to end last week, with the Dow, S&P 500 and Germany's Dax setting new records, as strong US jobs data for April revived confidence in the US economic recovery.

The Australian sharemarket closed flat as investors reap profits from booming bank stocks and some worries about global growth.

The Australian share market has opened one per cent higher.

Westpac has lifted its first half profit by 11 per cent as it pursues growth opportunities such as deposits.

The S&P 500 has reached a new all-time high, boosted by an expected European Central Bank interest rate cut and a surprisingly good US jobless claims report.

The Australian share market has closed 0.7 per cent lower, with concerns about global economic growth pulling down resources stocks.

The Australian market has opened lower as lacklustre Chinese manufacturing data impacts mining stocks.

The Australian dollar has dropped back below 103 US cents for the first time in three days amid falls on US stock markets and weaker commodity prices.

US stocks have tumbled following weak employment and manufacturing data, and as the Federal Reserve stuck to its aggressive economic stimulus program.

The Australian dollar is slightly lower after peaking at a two-week high, following the release of weak Chinese and Australian manufacturing data.

The Australian stock market has closed lower, with weakness among the major miners helping snap a two-day rally.

Australian stocks have started the month weaker, with investors appearing to book profits after the market hit a fresh five-year high yesterday.

The Australian dollar has reached its highest level in two weeks amid gains on share markets and disappointing US manufacturing figures.

US stocks have risen amid solid data on housing and consumer confidence and as reports of a $US17 billion ($A16.5 billion) Apple bond sale cheered investors.

Australian stocks have closed higher as ANZ's $3 billion plus half-year profit dragged its shares to record highs and the local market along for the ride.

Australian stocks have opened firmer, with the big retail banks leading the broader market higher.

ANZ Bank has posted a first half profit slightly above expectations, and increased its dividend.

The Australian dollar has rallied to its highest level in 11 days following gains on global share markets.

The S&P 500 has closed at a fresh record high amid renewed confidence in the eurozone after the formation of the Italian government.

The Australian dollar has closed firmer, pushing above 103 US cents and moving in line with the rising price of gold.

Australian shares closed on a positive note as the four major banks lifted the market.

The Australian market has opened higher, led by gains for the four major banks.

The Australian dollar has dropped back below 103 US cents following weakness on global share markets and commodity prices.

US stocks rallied last week despite mediocre economic data and middling corporate earnings, revealing once again the power of the US policy regime of easy money and low interest rates.