Financial Services

US stocks have slid sharply, with the Dow Jones Industrial Average sinking two per cent, as disappointing economic data from China and Europe followed the Federal Reserve's slashing its growth fore

The Australian dollar is a a third of a US cent lower after data showed China's manufacturing sector continued to contract.

The Australian share market closed sharply weaker on negative economic news.

ustralian households are paying banks an average of $470 a year in fees and charges.That might sound like a lot, but it is less than the year before.

Australian shares opened flat after the US Federal Reserve announced it would extend its bond-swapping program which led to falls on Wall Street.

US stocks have closed mostly lower after the Federal Reserve extended its bond-swapping program, known as Operation Twist, for six months to help boost the flagging economy.

The Australian dollar is higher as the market awaits whether the US central bank goes ahead with further stimulus measures for the American economy.

The Australian share market finished slightly higher as cautious investors await any action by the US central bank to stimulate the faltering American economy.

The Australian share market has opened more than three quarters of a per cent higher.

The Australian dollar has hit a six-week high as traders await the outcome of the two-day US Federal Reserve meeting.

Wall Street has ended the day solidly higher, following European bourses after a moderately successful Spanish bond auction and on speculation about more Federal Reserve stimulus.

The Australian dollar has risen slightly on commentary from the central bank that downplayed the likelihood of another rate cut in the coming months.

The Australian share market has closed lower as investors move their attention from Greece to Spain and upcoming meetings of the US central bank and leaders of the European Union.

Instability in the euro zone, and its impact on global markets and commodity prices, encouraged the central bank to cut the cash rate again, earlier in June.

 The Australian sharemarket has opened 0.75 per cent lower as nervous investors focus on global problems, despite a positive election result in Greece.

Wall Street stocks have ended mixed as traders rapidly digested the victory of pro-euro parties in Greece's election and focus on the next hurdle in Europe's marathon economic crisis.

The Australian sharemarket has gained almost two per cent as relieved investors bought mining stocks after the election result in Greece.

Finance minister Penny Wong says the outcome of a crucial election in Greece over the weekend will inspire stability in the eurozone.

Australian shares opened almost 1.5 per cent higher after Greece elected the pro-bailout New Democracy party to power.

The outcome of the elections in Greece shows that Greeks are in favour of the deep economic and fiscal reforms required to pull the country out of crisis, German Finance Minister Wolfgang Schaeuble

The Australian dollar is one US cent higher as pro-bailout parties look set to win the Greek elections.

The Australian dollar has positioned itself above parity with its US counterpart, just over a week after it slumped to a 2012-low of 97 cents.

The Australian share market has closed slightly higher, but trading volumes were low as investors remained cautious ahead of the weekend elections in Greece.

Australian shares opened slightly higher following gains on Wall Street amid speculation of more stimulus from the US Federal Reserve.

The Australian dollar has moved above parity on speculation the US central bank could bring in quantitative easing to boost growth.

US stocks pushed higher Thursday amid speculation of more stimulus from the Federal Reserve after another batch of poor data releases.

The Australian dollar is virtually unchanged as cautious traders sit on the sidelines ahead of Sunday's Greek elections.

The Australian share market has closed lower as nervous investors look ahead to Sunday's Greek elections.

The Australian share market has opened marginally lower on a weak US lead, with local investors treading water until the outcome of Sunday's Greek elections.

Treasurer Wayne Swan believes the most likely scenario for the European Union is one of "rolling crises and volatility".

Data showing weak US consumer buying in May have taken a hit on US stocks, with consumer goods companies leading the fall of the markets.

The Australian dollar has moved to within half a US cent of parity with its US counterpart and could move higher in the coming days, even as markets remain nervous about upcoming Greek elections.