US stocks have fallen moderately, joining most global bourses in moving lower after the Greek vote against further austerity measures raised fears the country could exit the eurozone.
More than $20 billion has been wiped off the Australian stock market after Greece shocked investors with an overwhelming rejection of austerity measures that could lead to the country’s messy exit from the euro zone.
Upwards of 130 corporate finance transactions worth more than $11 billion were announced in WA in the June quarter, but most notable was a handful of landmark M&A deals.
The Australian share market is down well over one per cent in the wake of debt-ridden Greece's decision to reject international creditors' tough bailout terms.
Wall Street stocks have closed a holiday-shortened week slightly lower following a mixed US jobs report and as investors awaited Greece's weekend referendum over its economic fate.
The Australian dollar is higher against the greenback which rose overnight as Greece scrambled to avoid a debt default and possible exit from the eurozone.
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.
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.
