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Jim Chalmers claims the federal budget is in a better position than when Labor came to power three years ago, but there are economic storm clouds ahead.

The Australian share market had a volatile session, swinging high early but losing most of the gains by the close as banks dragged on the bourse.

Stocks closed broadly higher overnight amid hopes on Wall Street that the Trump administration may take a more targeted approach as it tees up a new round of tariffs on imported goods next week.

Labor spins return to red

Australian shares have edged higher after an early lull, with the big four banks helping to lift the bourse into the green.

The S&P and Dow eked out slight gains, erasing earlier losses after comments from US president Donald Trump provided hope that previously announced tariffs expected to begin in early April may not be as burdensome as feared.

Parties shun masterplan for surplus

The Australian share market has overcome a choppy session to finish the day higher, while notching its best weekly performance for 2025.

US stocks closed slightly lower overnight after veering between gains and losses as investors gauged the latest round of economic data and the Federal Reserve's policy statement against tariff concerns.

Supermarkets dodge a bullet

The Australian share market has resumed its uptrend after the US Federal Reserve left US rates unchanged as expected and shrugged-off tariff concerns.

US stocks rallied overnight after the Federal Reserve kept rates unchanged as widely expected.

Super giants clamp down on WiseTech

Australian shares have broken their modest three-day winning streak after gloomy investor sentiment returned to Wall Street overnight.

Wall Street swung back down overnight, and its former superstars once again led the way.

Big banks warn of long-term disruption from US policies

Australian shares pared early gains to finish only slightly higher, as US futures slumped on escalating conflict in the Middle East.

Wall Street stocks ended higher overnight and gold held near $3,000 per ounce.

Tariffs of up to 8pc for Aussie goods

Australian shares have finished higher for the second session in a row after a Wall Street turnaround and fresh stimulus talk from China.

US stocks rebounded on Friday as investors hunted for bargains at the end of a tumultuous week in which US president Donald Trump's escalating trade war fuelled recession fears and doused risk appetite.

EU pivot urged after US' uni edict

The local bourse has finished the week higher and ended a three-day losing streak, propped up by mining and utilities.

Wall Street ended sharply lower overnight and the S&P 500 confirmed it is in a correction after cool inflation data was overshadowed.

Trump uni edict ‘foreign influence'

The local bourse has continued lower after an early bounce collapsed into the red.

US stocks advanced overnight as cooler-than-expected inflation data helped to stop a sharp selloff.

Labor fears more tariff shocks

Australian shares have have plunged into correction territory, as Donald Trump's tariffs pour fuel on the embers of an increasingly likely global economic slowdown.

The US stock market fell further overnight following president Donald Trump's latest escalation in his trade war.

Tax breaks for buying EVs blow out

The Australian share market recovered ground from an early-session plunge but still finished the day lower after US recession fears and a Wall St sell-off sent investors ducking for cover.