Financial Services

US stocks have tumbled, joining global equity markets in retreat on the looming threat of a Greek debt default.

The Australian dollar is higher against the greenback which slipped overnight despite Greece lurching towards a default on its debt obligations.

Australia's share market has suffered one of its biggest falls in years, with nearly $40 billion wiped out as Greece inches towards a default on its debt and a potentially catastrophic exit from the euro zone.

More than $35 billion has been wiped off the Australian share market as investors brace for an increasingly likely Greek exit from the euro zone.

Uncertainty about Greece's emergency debt talks has driven the Australian share market 1.5 per cent lower.

The Australian share market has taken a solid fall, after US and European markets lost ground overnight.

Health stocks have soared after the Supreme Court upheld a key provision of President Barack Obama's health care reform, but the broader market has fallen on worries of a Greek default.

The Australian dollar is slightly higher against the greenback which was little moved overnight after the release of mixed US data and no progress in Greece debt talks.

A four-day run of gains ended on the Australian share market with investors spooked by Greece's lack of a resolution with its creditors.

The Australian share market has opened lower as cautious traders await news from Greece.

US stocks followed European equity markets lower, dropping sharply on signs of fresh tension during talks between Greece and its international creditors aimed at preventing a Greek debt default.

The Australian dollar is lower after the attention of global markets remained on Greece and its long-running debt negotiations, which stalled again overnight.

The Australian share market has closed slightly better than flat as a rise in overseas markets reflected optimism about a bail-out deal for debt-ridden Greece.

Treasurer Joe Hockey believes joining the Asian Infrastructure Investment Bank will provide massive new opportunities for Australia.

The Australian share market is mostly flat after US stocks only had a slight rise while traders waited for the outcome of the Greek debt negotiations.

US stocks scored modest gains amid positive US and eurozone data as investors kept a wait-and-see attitude on Greece's potential debt deal.

The Australian dollar has nudged lower against a firmer greenback following the release of positive US housing data and comments from the US Federal Reserve.

Australian shares notched up a third consecutive day of gains on global optimism about the Greek government striking a debt bailout deal to avoid leaving the eurozone.

The Australian share market is higher after overseas markets gained ground of the back of optimism that Greece won't default on its debt obligations.

The Nasdaq has ploughed to a fresh record as US stock markets followed European equity markets higher on increased optimism for a deal that could avert a Greek default.

The Australian dollar is weaker after some upbeat US economic data and as the focus for global markets stayed on Greece's debt talks.

The Australian market recovered from early falls to start the week with small gains, raising hopes that the recent sell-off might have ended.

The Australian share market has opened lower.

The Australian dollar is slightly higher against a softer greenback as global focus remains on the stalemate over Greece's debt negotiations.

The Australian share market has closed higher, recovering its losses from Thursday.

The Australian share market has opened higher.

The Nasdaq has powered to a fresh record, easily topping the prior all-time high in a broad rally that withstood signs that a Greek debt default could be moving closer.

The Australian dollar hit a one month high, buoyed by weakness in the US dollar and stronger gold and iron ore prices.

It is known on financial markets as witching hour, and it was blamed for a surprise 1.3 per cent fall in Australian shares on Thursday.

The Australian share market has opened lower following falls in metals and oil prices overnight.

Wall Street stocks have risen after the US Federal Reserve kept its near-zero benchmark interest rate unchanged and Chair Janet Yellen pledged a methodical approach to raising rates.

The Australian dollar is higher, buoyed by weakness in the US dollar which fell after the US Federal Reserve's meeting failed to spell out the timing of an interest rate hike.