Business

Movers

Markets Live: ASX rally stalls

Australian shares may extend their advance above the 5900 level this morning.

A mixed performance from the big banks offset some solid buying in the telco sector as the ASX snapped an eight-day winning streak.

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Mike Taylor of Pie Funds Management in Sydney.

'It's been taken unbelievably calmly'

Kiwi fund managers took the shock news that New Zealand Prime Minister-elect Jacinda Ardern will become the Pacific nation's youngest leader in more than 150 years in their stride.

Wall Street's weak lead is expected to weigh on trading on the ASX on Friday.

8@eight: ASX's winning streak set to snap

The Australian share market looks set to open lower following an overnight dip in oil prices and a weak lead from Wall Street, where markets were weighed down by tech stocks.

Currencies

Wholesale Interbank Rates
Currencies Buys ($AU1) Sells ($AU1) $ Mvmt % Mvmt
AUD/USD 0.7812 0.781 -0.0008fall -0.10% fall
AUD/EUR 0.6657 0.6655 0.0023rise 0.35% rise
Updated: October 23, 2017 - 11:50PM