The Australian sharemarket has retreated at the open despite Wall Street rising to an all-time high following the latest sign that US inflation is easing while stocks also got a lift from falling oil prices.

The US stock market is drifting near its all-time high, while oil prices rise on uncertainty about when the Strait of Hormuz could reopen and get the global flow of crude going…

The nation’s biggest lender and the second-biggest stock on the local market said economic growth is slowing due to higher interest rates and inflation, setting a sombre tone for…