The Australian dollar has dropped more than one US cent overnight to a fresh six-month low after the US Federal Reserve signalled more interest rate hikes next year.
The Australian share market has closed lower for the sixth consecutive session as gains among the major miners failed to offset falls by the big four banks.
After five straight sessions finishing lower, the Australian share market has opened higher on reports of a new Chinese stimulus plan and a rise in commodity prices.
Wall Street stocks have posted solid gains following reports of a new Chinese stimulus plan as investors awaited Wednesday's US Federal Reserve monetary policy announcement.
Perth-based State One Stockbroking and online broking division Amscot Stockbroking are the first brokers in Western Australia to operate the ASX’s new managed fund settlement service.
The Australian stock market is lower as news of a slowdown in Chinese industrial production and expectations the US Federal Reserve will lift interest rates weigh on investors.
Wall Street stocks took a breather this week, finishing down from record levels despite solid US economic data and a successful products launch by Apple.
The share market has suffered its largest weekly fall in a month as falls in almost every sector on Friday contributed to a third straight day of weakness.
The Australian dollar has dropped below 92 US cents for the first time in six months as continued US dollar strength outweighs positive local jobs data.
US stocks have finished little changed as concerns about the upcoming referendum on Scottish independence and weak global inflation data weighed on sentiment.
Enthusiasm about Apple's latest product launches have propelled US stocks higher, with the tech-rich Nasdaq posting the largest gains of the three major indices.
