The Australian dollar is slightly lower after the US dollar strengthened in overnight trade following the release of better than expected US economic data.
The Dow has jumped more than 1.3 per cent as a broad-based rally led by technology and banking shares snapped a week of anaemic trade in US equity markets.
The Australian dollar is slightly higher as the greenback weakened overnight and the local currency benefited from the release of some positive Chinese economic data.
RESIDENTIAL investment adviser Momentum Wealth is broadening its offering, unveiling a merger agreement with long-standing commercial real estate agency Mair & Co.
The Australian share market is in the midst of a horror run, with a massive $75 billion stripped from its value over the week, its worst weekly performance in three years.
Wall Street stocks have tumbled due to unease over Greece, volatility in the bond market and worries about growth after the IMF cut its US economic forecast.
Wall Street stocks have risen following a wave of mostly solid US data and a fresh confirmation of ultra-easy money policies by the European Central Bank.
US stocks have finished lower in choppy trade, following European equities downward after a senior EU official complained of slow progress in talks to avoid of Greek debt default.
There was no explicit pointer to another interest rate cut by the Reserve Bank of Australia after its policy meeting today, where it announced it would keep the cash rate at an all-time low of 2 per cent.
