Timothy Moore

Australian shares drop, bitcoin and US stock futures slump amid explosions in Tehran; Accent drops 23pc; payments bungle at super fund ART. Follow live.

The S&P 500’s rebound from an opening drop proved fleeting as investors rushed to sell as the conflict between Israel and Iran escalated. Volatility spiked.

The benchmark US index closed modestly lower, after a volatile week, with no end in sight yet of the conflict between Israel and Iran.

The sharemarket rose 1pc on ceasefire hopes; Woodside falls with plunge in oil; Collins Foods soars; Rio Tinto and Hancock invest $2.4b in iron ore mine. Follow live.

Shares slide; Xero drops; energy regulator in rare U-turn over APA’s Basslink power cable; Cue Clothing CEO joins Myer. Follow live.

Corporate America’s June quarter reporting season begins in earnest this week and Goldman Sachs’ strategists says results are key to US equities.

Traders pared their bets on monetary easing by the Fed next month after wholesale inflation rose much faster than expected in July.

Shares rose after jobs data ramped up rate cut bets; PolyNovo taps new CEO; Mayne Pharma jumps after court win; Entertainment Rewards rockets. Follow live.

All three US benchmarks closed higher after US President Donald Trump said current tariffs on China were “not sustainable”. Gold fell and bitcoin extended losses.

The September CPI has paved the way for a rate cut next week, though strategists are split over whether there will be enough data for a December cut.