The Australian share market has ended the week lower, with oil prices volatile in response to shifting prospects of the US joining Israel's strikes on Iran.
Commonwealth Bank customers reported problems with electronic transfers from their accounts, while stock markets digest the latest US tariff developments — as it happened.
The Reserve Bank has cut interest rates amid greater confidence that the inflation battle is won, and will remain won, even if borrowing rates fall further from here.
Economists continue to forecast a rate cut when the Reserve Bank meets in just under three weeks. The US posted a record trade deficit for March ahead of the imposition of tariffs. Here's how the session unfolded on our markets blog.
The major parties are working hard to keep Australian house prices at record highs, but a moderate fall in values may be just what Australia's economy needs in the long-term.
Australian stocks have posted their biggest one-day gain in five years after Donald Trump paused the implementation of his latest round of tariffs, sending Wall Street on its biggest bounce since the global financial crisis.
Australian shares give back most of the previous session's gains, with the All Ords dropping 1.9pc as China reacts to Donald Trump's tariffs coming into force.
The Australian dollar has its biggest fall since 2008 and hits lows not seen since the depths of the COVID pandemic — levels that otherwise have not been seen since early 2003.