Financial Services

ANZ Banking Group is tipping the Reserve Bank of Australia to cut its cash rate by 50 basis points to a new low of two per cent within the first six months of 2015.

The Australian sharemarket has started lower following a slide on Wall Street and a fall in commodity prices.

Wall Street stocks have dropped on a bruising day for global markets following a disappointing US retail sales report and a weak global economic forecast from the World Bank.

Disappointing US retail sales numbers have given the Australian dollar a lift above 81 US cents.

Shares closed lower for a third straight day as further falls in commodity prices sparked investor nerves.

The Australian sharemarket has opened lower following a weak lead from the US and lower iron ore prices.

Wall Street stocks have closed modestly lower as worries about sliding crude oil prices overshadowed a strong unofficial start to earnings season by Alcoa.

The Australian dollar is treading water as investors await the release of highly-anticipated jobs figures on Thursday.

Falling oil prices have again weighed on the share market, although positive Chinese trade data helped to erase some of the damage.

The satisfaction level of Australian business banking customers has reached its highest level but, rather than the big four, it’s the smaller banks that are making them happy, according to a survey by Roy Morgan Research.

The Australian sharemarket has opened lower following another slide in oil prices overnight.

Perth finance house Euroz has reported a first-half loss as a result of weak conditions in its core stockbroking business and write-downs in the value of its listed investment companies.

US stocks have opened a busy week of corporate earnings sharply lower as oil prices slumped to fresh multi-year lows.

The Australian dollar has slipped almost one US cent lower amid increasing speculation that the local currency may reach parity with its Kiwi counterpart.

The share market has closed lower as oil prices continue to fall.

The Australian sharemarket has opened lower following weak leads from the US and Europe.

Wall Street stocks have opened lower after a government report showed strong US jobs growth in December, but weak wage levels.

Surprisingly soft US wages growth figures have given the Australian dollar a boost above the 82 US cent level.

The Australian share market has closed higher for a second session in a row, boosted by a positive lead from US markets and a steady oil price.

The Australian sharemarket has opened strongly following a rally on Wall Street overnight.

Wall Street stocks have soared for a second day running as oil prices steadied and investors became more confident of monetary stimulus in Europe.

The Australian dollar is treading water above 81 US cents, amid concerns over the euro zone and lower oil prices.

The Australian share market has rallied after two days of losses, boosted by some recovery in the oil price.

Interest rates will rise, but the first move is now more than a year away, Commonwealth Bank of Australia chief economist Michael Blythe says.

The Australian stock market has opened higher following a rally on Wall Street and a stabilisation of oil prices overnight.

Wall Street stocks have jumped following solid US economic data, joining European equity markets higher and ending a five-day losing streak.

The Australian dollar has drifted higher as disappointing comments from the US central bank knock the wind out of the greenback's sails.

The Australian share market has closed lower, despite a late rally, as energy stocks plunged again.

Borrowers are leaping at the chance that the Reserve Bank of Australia will cut its cash rate this year, with more of them looking for better home loan deals.

The Australian share market has opened lower as the oil sector continues to cop a beating from falling oil prices.

US stocks have fallen again on another stormy day for global financial markets as oil prices plummeted to a fresh multi-year low.

The Australian dollar is lower but still holding above 81 US cents following better-than-expected economic data.