Financial Services

IG market strategist Stan Shamu said money that was on the sidelines in June as traders were sorting out portfolios for their tax returns appeared to be coming back into the market.

The Australian dollar is higher after the greenback lost some of its strength.

US stocks have fallen, retreating from last week's records as analysts point to profit taking and predictions from some experts that the market is due for a pullback.

The Australian stock market was slightly lower with few leads to work with due to a US holiday on Friday and subdued trade on Asian markets.

FEATURE: An investment in each of the 10 largest capital raisings by companies in Western Australia during 2013 would be 14 per cent underwater at current prices, according to research conducted by Business News.

The Australian stock market was higher in early trade following on from Wednesday's strong gains and Wall Street hitting record highs overnight.

The Australian dollar has regained some of last week's losses amid light trading volumes as the US celebrated the Independence Day holiday.

Asian markets have rallied after the United States said its economy created more than a quarter of a million jobs in June, sending Wall Street to new records and boosting the US dollar against the yen.

The share market has achieved a third straight day of gains, with miners leading the way.

Australian stocks are higher for the third consecutive day, following the lead of US markets which rallied to fresh highs on strong jobs growth figures.

The Australian dollar is lower following strong US jobs figures and comments from the Reserve Bank governor about the currency being too high.

Wall Street rode improving economic data to fresh records this week, spawning comparisons to July 4 fireworks on the eve of the US Independence Day holiday.

Commonwealth Bank boss Ian Narev has apologised to customers hurt by misconduct in its financial planning business, but critics have hit out at the bank's latest review into the maligned division.

Australian shares have risen as home building approvals posted their strongest monthly gain in eight months following strong offshore leads.

The Australian stock market was higher in early trade following on from Wednesday's strong gains and Wall Street hitting record highs overnight.

Commonwealth Bank boss Ian Narev will front the media for the first time since a damning report called for a royal commission to investigate its financial advisers.

The Dow and S&P 500 edged to new records Wednesday ahead the official US jobs data for June, with the outlook buoyed by a strong ADP private sector report.

The Australian dollar is lower, weighed down by disappointing trade figures and a stronger greenback.

Signs of stronger manufacturing activity in the world's second largest economy have outweighed a blowout in Australia's trade deficit and fuelled gains on the share market.

Western Australian financial advisers and stockbrokers have dismissed a report that found public-listed companies were paying nearly 50 per cent too much to raise capital.

Internet pioneer Michael Malone has quietly ended another formal link to the ISP he founded and floated, selling more than 1.1 million shares in iiNet to net almost $8.5 million, a move which takes him below the 5 per cent substantial shareholder limit.

A rebound in the local banking sector has helped the Australian share market to open higher, after Wall Street stocks surged to new records.

The Australian dollar has shot up above 95 US cents after the Reserve Bank of Australia gave a more neutral statement than the market expected following its interest rate decision.

Wall Street stocks have barrelled higher to new records, opening the third quarter with big gains following strong US auto sales and Chinese manufacturing data.

Big falls by the banks have caused the share market to lose ground on the first day of the new financial year.

Western Australia’s gold producers continue to suffer at the hands of a strengthening Australian dollar, with more job losses revealed across the sector last week.

The Reserve Bank of Australia has kept the cash rate unchanged, saying the economy is improving but it will be some time before unemployment drops consistently.

The share price of Perth industrial parts and services provider Coventry Group has risen 14 per cent following the announcement of a $21 million return to shareholder

The share market is flat with mining stocks partly offsetting weakness among the major banks.

The Australian dollar has bounced as the greenback continues to be weighed down by weak economic data.

Wall Street stocks turned in a mixed performance to close a strong second quarter after US pending home sales jumped but automaker General Motors announced another massive auto recall.

Last-minute share sales to lock in the profits of a strong financial year have caused the market to fall.