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.
The Australian dollar has drifted lower in a quiet overnight session as markets wait to see whether Europe's top bankers will introduce new stimulus measures.
European stock markets were little changed and the euro slipped against the dollar on Wednesday as investors waited for key monetary policy decisions by the European Central Bank and Bank of Englan
The Australian sharemarket has closed higher as local investors took heart from better-than-expected economic data out of the United States and a rosier outlook in the troubled euro zone.
Stockbroker and funds manager Euroz has reported a sharp slump in earnings from last year’s very high levels, but it has still posted a profit, in contrast to the interim loss reported by competito
The Australian sharemarket has closed slightly weaker as investors weighed up recent weak economic data out of the United States and China and as Australia's central bank left the cash rate unchang
US stocks have finished mixed after news that manufacturing contracted for the first time in almost three years in June, raising concerns about a key pillar of the US economic recovery.
The Australian dollar has climbed to a two-month high against its US counterpart after European leaders agreed to measures aimed at alleviating the euro zone's sovereign debt crisis.
US stocks leaped two per cent on Friday sparked by the dramatic measures adopted in Brussels to stem the eurozone crisis and stimulate growth, giving the markets a strong end to a rocky first half.
The Australian dollar has risen to its highest level in more than a week after European leaders announced a deal aimed at reducing borrowing costs for Spain and Italy.
The Australian sharemarket has closed higher in the last trading session of the financial year, with investors heartened by the fact that European leaders looked like they had settled on a plan to