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.

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…

Wall Street edged near its record after several AI stocks reported better growth than analysts expected, while a report showed inflation across the United States was slightly less…