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Accused murderer Naveed Akram is facing a court hearing from his hospital bed charged with 59 offences over the Bondi Beach shootings which killed 15 people.
Shares in Penfolds owner Treasury Wine Estates plunged in early trading after it pointed to a fall in first half earnings due to issues in China and the US.
The US stock market drifted through a mixed day of trading overnight after reports on the economy did little to clear uncertainty about where interest rates may be heading.
The nation's health ministers are pushing for a greater federal contribution to public hospitals as Canberra declares there won't be more money, just goodwill.
Miners have led Australia's stock market higher, helping the bourse snap a three-session losing streak after a US interest rate cut sparked a rally in raw materials.
Australians spent big at the altar of rock gods AC/DC and Oasis, continuing a run of strong household spending that will add to the Reserve Bank's concerns over inflation.
Wall Street closed higher overnight, after the Federal Reserve cut interest rates by a quarter percentage point and signalled that it will likely put further rate cuts on pause for now.
US stocks largely held in place overnight as Wall Street waits to hear what the Federal Reserve will say Wednesday about where interest rates are heading.
Profit-taking in raw materials and energy stocks have dragged the bourse lower, ahead of a huge week for central bank meetings in different parts of the globe.
US stocks have closed out the trading week with slight gains on Friday as the latest flurry of economic data kept elevated expectations for a Federal Reserve interest rate cut.
The local bourse has ended the week slightly higher, buoyed by miners, energy and utilities stocks while fading hopes of interest rate cuts weighed elsewhere.
A copper-infused mining rally has boosted the bourse to a modest gain as development-exposed real estate stocks struggled under a hawkish interest rate outlook.
The Australian dollar has surged to its highest value in three weeks as bets narrow on a 2026 interest rate cut, smothering an early boost for equities.