Business

Movers

Markets Live: ASX extends hot streak

Wall Street paused overnight, setting the stage for a lower start to ASX trading.

The Australian share market finished marginally higher on Wednesday but managed to extend a nine-session rally as the index approaches six-month highs.

ASX stretches rally into tenth day

Shares gained for a 10th straight session.

Shares inched higher on Thursday, keeping intact their recent winning streak as gains in the major banks offset selling in the mining sector.

'Pain of a credit crunch will come'

Delegates applaud during the opening of the 19th National Congress of the Communist Party of China.

After years of printing money and piling on debt, Chinese policymakers may turn to devaluing the yuan in order to escape the 'pain of a credit crunch'.

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Currencies

Wholesale Interbank Rates
Currencies Buys ($AU1) Sells ($AU1) $ Mvmt % Mvmt
AUD/USD 0.7867 0.7865 0.0021rise 0.27% rise
AUD/EUR 0.6661 0.6657 0.0003rise 0.05% rise
Updated: October 19, 2017 - 9:00PM