Local stocks have opened firmer with market players buoyed by the Chinese central bank's actions to support lending in one of Australia's key trading partners.
US stocks took a beating last week, only to face more turbulence from Europe as Greece grapples with rising political uncertainty that could cost the country's crucial EU-IMF bailout.
Fears of a new financial crisis in the wake of Greece's elections have dragged the Australian dollar perilously close to parity with its US counterpart.
The High Court will hear a class action by customers of the ANZ Bank alleging it charged excessive fees for overdrafts, overdrawn accounts, dishonour fees and over-the-limit credit card accounts.
US stocks mostly bounced back slightly after a six-day losing streak, amid hopes that Greece's moderate socialists might be able to form a government and avoid a new eurozone debt crisis.
The chief economist of one of the nation's biggest financial service companies says the federal budget will not help Australia's economic growth and risks damaging the effectiveness of superannuati
The Australian share market has closed higher, boosted by a better-than-expected unemployment rate and expectations that another cut to interest rates will be forthcoming despite the stronger jobs
National Australia Bank's net profit for the six months to March 31 fell 15.5 per cent to $2.05 billion due to its underperforming operations in the United Kingdom.
US stocks have pared early sharp losses to close with moderate falls after European Union (EU) officials confirmed that Greece would get the next installment of bailout funds this week.
Fears gripping global markets have seen the Australian dollar fall almost one US cent and could could sink it below parity with its American counterpart in the next few days.
The Australian share market has closed lower over the uncertain future of austerity measures aimed at stabilising some debt-ridden countries in the euro zone, especially Greece.
The Australian dollar has moved slightly higher, recovering some of the gains lost in Monday's sell-off, despite renewed concerns about Europe's debt crisis.
Australian shares opened slightly higher after gains for European stocks when their markets had a change of heart about the election of France's first Socialist president in nearly two decades.
US stocks have closed mixed, showing little impact from the weekend votes in France and Greece which cast doubt on the path of financial reform across the troubled eurozone.
The Australian dollar has fallen more than one US cent after a negative global reaction to disappointing US employment data and European election results dragged stock markets lower.
The Australian share market has taken a beating, after renewed concerns over the euro zone and disappointing jobs data in the United States sent spooked investors running for the exits.
Australian stocks have opened almost 1.5 per cent lower, following instability in European markets after the election of France's first Socialist president in nearly two decades.
US stocks plunged Friday after the government reported that hiring slowed sharply last month. The report confirmed investors' fears that the US economic recovery is faltering.
