US stocks have closed mixed after China lowered interest rates to spur its slowing economy, while Federal Reserve Chairman Ben Bernanke dented stimulus hopes for the United States.
The Australian dollar has continued its upwards march back towards parity with its US counterpart following unexpectedly strong domestic employment data.
US stocks jumped more than 2.3 per cent Wednesday after the European Central Bank said it would keep open its unlimited liquidity loans for eurozone banks at least through 2012.
The Australian dollar rose to its highest level against its American counterpart in more than two weeks following better than expected domestic growth data.
Australian stocks have closed higher for a second straight day despite giving up early gains after a closer inspection of the latest economic growth figures.
Better than expected gross domestic product (GDP) figures could help push the Australian dollar toward 99 US cents, with the currency half a cent higher at noon.
The Australian share market made modest gains in opening trade thanks to a positive lead from Wall Street and as investors await more developments in Europe's debt crisis.
US stocks have managed to eke out moderate gains in choppy trade as investors weighed stronger-than-expected growth in the crucial services sector and Europe's long-running financial crisis.
The Australian dollar is more than one US cent higher after the central bank delivered a smaller than expected interest rate cut and G7 finance ministers called an emergency meeting on Europe's deb
Australian shares closed higher, clawing back a large part of Monday's losses, after the central bank cut official interest rates to their lowest level since the global financial crisis.
The Australian share market opened slightly higher, with most sectors posting gains as investors await the Reserve Bank of Australia's (RBA) latest interest rate decision.
Bankwest has agreed to make changes to recent advertising for its Breeze MasterCard after ASIC raised concerns that the advertisements were misleading or likely to mislead.
The Australian share market plunged 1.75 per cent in opening trade to its lowest level since November after Wall Street suffered its worst day of 2012 and fell into bear market territory.
The Australia dollar fell to a fresh six-month low following the release of weaker Chinese manufacturing data but regained some ground later in the day.
Australian stocks have closed lower for a third straight session as weak economic data from offshore prompted investors to abandon resources-linked sectors of the market.
The Australian share market suffered falls in opening trade, driven by weaker materials stocks, aggressive short selling of the top 50 stocks and a soft lead from Wall Street.
Stumbling Facebook shares got a shot of adrenalin Thursday and pushed five per cent higher as US stocks traded lower Thursday on dull jobs and economic growth data.
The Australian share market remained in the red by noon on fresh concerns over Europe's debt crisis, with consumer staples stocks bucking the downward trend.
The Australian economy is robust enough to withstand current global uncertainty, but not immune, Treasury boss Martin Parkinson has told a Senate hearing.
The Australian share market has tumbled more than one per cent in opening trade as fresh worries over Europe's debt crisis led to heavy falls on US and European bourses.
