Wall Street quickly loses its momentum in a temperamental session, as investors focus on the negatives. Meanwhile, the European Central Bank has decided to end its economic stimulus scheme.
The Australian dollar falls sharply against the British pound after traders correctly bet Theresa May will survive a leadership spill, and as Wall Street rebounds from a lack of "bad news" overnight.
US President Donald Trump's latest threats to shut down the government, unless Democrats agree to fund the Mexico border wall, leads to a surge in volatility on Wall St overnight.
Theresa May's decision to postpone an important vote on her Brexit deal sparked fresh volatility in global markets, and led to the Australian dollar's surge against a falling pound.
The local share market falls to its lowest point in 24 months, amid souring US-China trade tensions and a gloomy outlook for the local economy.
The Reserve Bank may cut interest rates, sink the Australian dollar and increase the supply of money to save the economy, its deputy governor concedes.
Global markets plummet after the arrest of Huawei's chief financial officer, a move almost certain to inflame US-China trade tensions.
The Australian dollar has been tumbling since yesterday's worse-than-expected GDP figures were released, and European markets continue to tumble on US-China trade worries.
The local share market drops sharply, following an $US820 billion wipe out on Wall Street overnight — triggered by American recession fears and ongoing uncertainty over the US-China "trade truce".
The Dow Jones plummets by almost 800 points — its biggest fall since the October sell-off — over lingering concerns about the US-China trade war, and the bond market signalling the rising risk of recession.