US stocks overcame a choppy day of trading om Friday and closed at fresh all-time highs as Group of Seven finance chiefs met in Britain to discuss economic challenges.
ANZ bank has stepped up home loan competition among the major banks, becoming the first in 16 years to cut interest rates by more than the central bank's move.
US stocks fell on Thursday, as buyers took a breather after a slate of successive record closes.The Dow Jones Industrial Average fell 22.50 (0.15 per cent) to 15,082.62.
The Australian dollar has fallen to a fresh two-month low during overnight trade, before recovering most of its lost ground amid gains on US share markets.
The blue-chip Dow Jones Industrial Average has closed above 15,000 for the first time as investor optimism about the US economy bolstered equities like Caterpillar.
The Reserve Bank of Australia cut the official interest rate by 25 basis points at its monthly board meeting today, taking rates to a historically low level of 2.75 per cent.
Falling commodity prices and lower than expected Chinese gross domestic profit drove down the total market capitalisation of WA’s listed companies by 2.6 per cent in April, combining with a weaker
The Australian dollar is still higher after getting a boost from better US employment figures, increasing optimism about the America's economic recovery.