The Australian sharemarket lacked direction in early trade, tracking a patchy day on Wall Street where investors rotated out of technology shares.

The US-Iran peace deal brought relief to global stocks overnight but the Australian sharemarket has fallen at the open. The RBA announces its interest rates decision this…

The Australian sharemarket lacked direction in early trade, tracking a patchy day on Wall Street where investors rotated out of technology shares.

Oil prices sank again and dropped below $US80 per barrel for the first time since early March, while US stocks drifted near their all-time highs in mixed trading.

Oil prices are sinking again and pulled back below $US80 per barrel for the first time since early March, while the US stock market drifts near its all-time high.

The Australian sharemarket lacked direction in early trade, tracking a patchy day on Wall Street where investors rotated out of technology shares.

Australian shares are set to open lower as Wall Street staged a comeback that drove the S&P 500 up. Oil dropped as the Strait of Hormuz resumed shipping. Follow live updates.