The Australian dollar has pulled back a bit after dropping to its lowest level in two weeks overnight ahead of the release of key Chinese economic data.
The Nasdaq stock index led Wall Street lower Thursday, as traders shrugged off data showing US unemployment claims fell to their lowest level since March 2008.
US stock markets ended lower, continuing the euro and data-inspired drop seen the day before as markets gave a muted response to the latest news from the Federal Reserve.
The Australian share market has closed relatively flat as investors await key economic data and commentary from the United States and more figures on China's economic growth.
The banking system was not transparent enough and had to be more tightly regulated in the wake of recent global scandals, says Reserve Bank of Australia's (RBA) deputy governor Philip Lowe.
US stocks closed sharply lower Tuesday as investors digested a positive start to earnings season, a eurozone deal to help support Spain and its banks, and disappointing Chinese trade data.
The Australian share market has closed lower after worse-than-expected figures for Chinese imports exacerbated concerns that the Chinese economy is weakening.
Weakening commodity prices may have dampened the outlook for the mining industry, but business conditions in Western Australia continue to be the strongest of all states, according to a survey rele
US stocks have fallen ahead of the opening of earnings season, with the slow economy and worries about European stability and Chinese growth pressing down on sentiment.
The Australian sharemarket has closed lower, after the release of a disappointing jobs report in the US on Friday and concerns that China's economy is still weakening.
The Australian sharemarket has opened almost one per cent lower in line with falls in the US after the release of a disappointing jobs report there on Friday.
US stocks narrowed early losses but ended lower overall after central banks in China and Europe acted to boost growth but US data did not set a clear path for the Federal Reserve to follow suit.
The Australian share market closed flat on a day when only about two-thirds of the average daily value was traded, amid an absence of offshore leads with Wall street closed for a public holiday.
