Ten of the 11 sectors closer higher after CPI slows in April; ASX Ltd tumbles to 10-year low; Global stocks rally on chip stocks; AustralianSuper names next CIO. Follow live.

Market drops after US strikes on Iran; ASX Ltd tumbles on costs spike; Atlas Arteria expert says IFM bid undervalues stock; Formica ups Magellan stake; JPMorgan ups iron ore…

The local share market is in the red, while shares in stock exchange operator ASX Ltd have tumbled on a trading update. Follow the day's events and insights from our business…

Ten of the 11 sectors closer higher after CPI slows in April; ASX Ltd tumbles to 10-year low; Global stocks rally on chip stocks; AustralianSuper names next CIO. Follow live.

Ignoring new records on Wall Street overnight, the Australian sharemarket wobbled in early trade, led lower by banks and property trusts.

Australian shares reversed early losses, closing 0.7% higher after a softer inflation report tempered interest rate hike bets. Financials, real estate, and consumer discretionary…

The ASX is set to open higher amid muted trading on Wall Street after a day of records; oil fell more than 5 per cent. Follow updates here.

Wall Street continues to push towards new records on the back of big profit reports and news of an Iran deal; US inflation rises at the fastest pace in three years. Follow updates.

Miners, raw materials and battery minerals producers rallied but energy and utilities stocks finished the session on a downer.