Soft bank earnings growth and a lack of exposure to the booming artificial intelligence trade will keep a handbrake on the local sharemarket, fund managers warn.

Soft bank earnings growth and a lack of exposure to the booming artificial intelligence trade will keep a handbrake on the local sharemarket, fund managers warn.

Soft earnings growth at the banks and a lack of exposure to the booming AI trade will keep a handbrake on the local sharemarket, fund managers warn.

Oil prices are climbing following a weekend of attacks in the Middle East, while more losses for computer chipmakers and other winners of the artificial-intelligence boom weigh on…

The Australian sharemarket has opened stronger, shrugging off another rise in oil prices, after an unexpectedly sharp slowdown in US inflation fuelled gains on Wall Street.