Australian shares have clawed back Thursday's losses with across the board gains, closing out a volatile week with the local bourse's best single-day performance in 15 weeks.
Australian technology stocks have suffered their worst single-day losses since early in the pandemic, while the local bourse hit a fresh 14-week low after declining for a fourth day in five sessions.
Western Australia has recorded another 16,670 COVID cases overnight, sending the number of active infections in the state beyond 75,000 for the first time since the pandemic began.
Commonwealth Bank of Australia third quarter cash profit has remained steady at $2.4 billion as growth in home and business lending was offset by the impact of ongoing margin pressure.
The Australian share market has finished in the green for the first time since last Thursday, rising slightly higher ahead of key US inflation data due to be released overnight.
Westpac has posted a 12 per cent drop in first half cash earnings to $3.1 billion, on the back of competitive pressures in the home loan market and increased provisions for bad debts.
One of the state's two deputy police commissioners, Gary Dreibergs, has ended his 40-year career and will not be in the running to replace the outgoing commissioner Chris Dawson.
The Australian Stock Exchange has finished broadly higher after the US Federal Reserve said aggressive interest rate hikes weren't under active consideration.
Former ANZ financial advisor Steven Talevski has failed to quash Perth entrepreneur Natasha Di Ciano’s legal claim against him for allegedly accessing her bank records.
The Australian stock exchange has edged lower ahead of a key Federal Reserve meeting, where the US central bank is widely expected to raise interest rates for the second time since 2018.
