Jens Meyer

Jens is the markets and breaking news editor, based in Sydney.

Commonwealth Bank profits were up for the third quarter.

Bank rout wipes out $14 billion in value

Commonwealth Bank, Australia's biggest bank, has seen third-quarter cash profits rise 4.3 per cent as the credit quality of its lending business "remained sound".

The 6000-point level remains as elusive as ever.

Sell in May: Miners, banks lead the way

A hefty slide in commodity prices as well as an abrupt end to the banking rally dashed hopes the benchmark index might scale the elusive 6000-point mark anytime soon.

Metals futures traders are spooked amid worries around Chinese growth.

ASX sinks on metals meltdown

The local sharemarket fell for a third straight session after a plunge in Chinese iron ore futures drove miners lower.