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Economics

Market wrap

The Australian sharemarket is trading lower, after increased prospects of a hike in US interest rates weighed on Wall Street.

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Read more: Australia,  US interest rates,  Wall Street,  US Labor Department,  Ric Spooner,  AEDT,  Alcoa,  ANZ,  BHP Billiton,  CMC Markets,  Commonwealth Bank,  Economics,  February,  Federal Reserve,  Fortescue Metals,  May 2008,  National Australia Bank,  Reserve Bank,  Rio Tinto,  Santos,  Telstra,  US jobs news,  US rate increases,  Westpac,  Woodside Petroleum