Dow Jones & Company

The Australian sharemarket surged on Wednesday after fresh US inflation figures buoyed Wall St as traders’ fears of further rate hikes eased.The S&P/ASX 200 index climbed 99.2 points, or 1.4 per cent, to reach 7105.9, its highest level…

The Australian share market edged higher on Thursday as heavy losses in tech and energy stocks were offset by gains in health stocks.The S & P/ASX200 edged up by 0.3 per cent to close at 7,014.9 points. The All Ords also climbed 0.2 per…

The bank shares bloodbath has continued into the weekend despite regulators and other banks trying to restore confidence in the sector. Bank share prices still remain low as panicked sell-offs tack place across European and US stock…

A US bank that was teetering on the brink of collapse has been shored up after some of its rivals made deposits worth billions of dollars. In the past week, three American banks have collapsed – Silvergate Capital, Silicon Valley Bank (SVB)…

Stocks rallied while the dollar slumped against rival currencies on Thursday after a drop in US inflation dimmed expectations of more aggressive Federal Reserve rate hikes.The consumer price index (CPI), a key measure of inflation, rose at…