The Australian dollar has drifted lower in a quiet overnight session as markets wait to see whether Europe's top bankers will introduce new stimulus measures.
European stock markets were little changed and the euro slipped against the dollar on Wednesday as investors waited for key monetary policy decisions by the European Central Bank and Bank of Englan
The Australian sharemarket has closed higher as local investors took heart from better-than-expected economic data out of the United States and a rosier outlook in the troubled euro zone.
Stockbroker and funds manager Euroz has reported a sharp slump in earnings from last year's very high levels, but it has still posted a profit, in contrast to the interim loss reported by competito
The Australian sharemarket has closed slightly weaker as investors weighed up recent weak economic data out of the United States and China and as Australia's central bank left the cash rate unchang
US stocks have finished mixed after news that manufacturing contracted for the first time in almost three years in June, raising concerns about a key pillar of the US economic recovery.
The Australian dollar has climbed to a two-month high against its US counterpart after European leaders agreed to measures aimed at alleviating the euro zone's sovereign debt crisis.
US stocks leaped two per cent on Friday sparked by the dramatic measures adopted in Brussels to stem the eurozone crisis and stimulate growth, giving the markets a strong end to a rocky first half.
The Australian dollar has risen to its highest level in more than a week after European leaders announced a deal aimed at reducing borrowing costs for Spain and Italy.
The Australian sharemarket has closed higher in the last trading session of the financial year, with investors heartened by the fact that European leaders looked like they had settled on a plan to
US stocks have slashed steep early losses in the last hour of trade to end moderately lower, amid short covering and hopes that EU leaders would agree measures to stem the eurozone crisis.
The Australian share market surrendered most of its early gains to close almost flat as local investors waited to see if European Union leaders meeting in Brussels would act to contain the euro zon
The Australian share market has opened half a per cent higher, following Wall Street's overnight positive lead ahead of a key European Union summit on the euro zone debt crisis.
The Australian dollar has moved higher following a better performance in US stocks.At 0700 AEST, the Australian dollar was trading at 100.81 US cents, up from 100.55 cents yesterday.
A rebound in US durable goods orders in May, a sign of firmer action in US industry, has helped push US stocks higher in the wake of European and Asian markets.
The Australian share market has closed slightly higher, boosted by a positive lead from US markets, but trading remains weak and cautious ahead of a summit of European leaders later this week.
