A five-week streak of gains on US markets ended on Friday after revived worries that Greece will default on its huge mountain of debt sent stocks falling.
The Australian dollar has fallen one US cent after the central bank lowered its inflation forecast and Greece's moves to avoid a default on its debt suffered another setback.
The Australian share market closed lower as investors pondered possible weakening in the resources sector, a hold on interest rates this week, a soaring Aussie dollar and Greece's debt crisis.
A lower inflation forecast means there is still plenty of scope for the Reserve Bank of Australia (RBA) to drop the official interest rate further, economists say.
Banks clawed back margins on home loans in late 2011 with average interest rates on new variable mortgages declining by less than the overnight cash rate, the Reserve Bank of Australia (RBA) says.
The Australian share market closed slightly lower as investors mulled over mixed earnings results, the ongoing Greek debt crisis and whether or not China would cut its interest rates.
The Australian share market has opened weaker with the stocks of major companies BHP Billiton and Telstra weighing on sentiment after weaker-than-expected profit results.
Stocks staged an afternoon-long rally and closed higher on Wednesday as Greece appeared to close in on the cost-cutting deal it needs to keep from defaulting on its national debt.
The Australian dollar pushed past the 108 US cent mark as markets continue to react positively to the central bank's unexpected decision to hold interest rates steady.
The Australian share market has closed higher as a positive day for energy stocks offset weakness among Australia's retail banks and mining giant BHP Billiton.
Federal Treasurer Wayne Swan has brushed off concerns borrowers could be hit with higher bank interest rates, saying home owners and businesses could take their business elsewhere.
The Australian dollar rose to a fresh six-month high and is set for more gains after the central bank surprised the markets by keeping interest rates on hold.
The value of Western Australian listed companies rose by 9.6 per cent in January, as Australian markets continue to mirror commodities, new research says.
Macquarie Group plans to cut 10 per cent of its investment banking jobs and fears its full year profit will plunge as difficult trading conditions take their toll.
Australian shares closed weaker after the central bank unexpectedly kept interest rates on hold and the National Australia Bank and Macquarie Group posted results that disappointed the market.
The building and construction industry and retailers have expressed disappointment with the Reserve Bank of Australia’s decision to keep interest rates on hold today, saying the nation’s centr
The Australian share market market has opened flat as investors await the release of the Reserve Bank's interest rate decision and news from Greece and local earnings reports.
Miners dragged Britain's top share index lower on Monday, after doubt surfaced about Glencore's potential merger with Xstrata, while banks waned in the absence of a debt deal for Greece.
