The Australian bourse has finished higher, buoyed by banking and discretionary stocks following a widely expected interest rate cut from the Reserve Bank of Australia.
Anthony Albanese says recognising Palestinian statehood will help break the cycle of violence quo in the Middle East and lay down the path for a peace process.
Wall Street's main indexes ended lower as investors anxiously await inflation data this week to assess the outlook for interest rates and eye US-China trade developments.
Australia will join a new global push to recognise the state of Palestine in a landmark diplomatic move, ahead of a crucial United Nations session in September.
Australia's share market has edged lower a day after breaking all-time highs, but all's not lost as the bourse posted its second-highest close in history.
Australia's share market has topped 8800 points for the first time, as inflows into global miners and continued banking sector strength trounced worries about global growth.
Australia's share market has posted its best-ever close as confidence around company earnings and future interest rate cuts washed out global growth concerns.
All three major US stock indexes ended more than one per cent higher as investors sought bargains after the previous session's selloff and increased bets for a September rate cut in the wake of weaker-than-expected jobs data.
The local share market has fallen even as Australia dodged being hit by higher tariffs the Trump administration said it was imposing on dozens of its trading partners.
Stocks capped a choppy day of trading on Wall Street with more losses Thursday after an early big tech rally faded and a health care sector pullback led the market lower.
The local share market has slipped from near-record levels as copper prices plunged following a surprise US tariff decision, pressuring miners of the red metal.
Most U.S. stocks slipped on Wednesday after doubts rose on Wall Street about whether the Federal Reserve will deliver economy-juicing cuts to interest rates by September.
