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Wall Street's S&P 500 index rose for a fourth session to post its highest close since February 1, the day before the market began a sharp extended selloff, as strong results from PepsiCo boosted optimism about the earnings season.
Gold prices have been weighed down by a stronger US dollar, and may re-test a seven-month low after a failed attempt to break higher in the previous session.
Macquarie Bank has hiked home loan rates even as the Reserve Bank cash rate remains steady, in a sign funding costs are rising and larger rivals such as the big retail banks could follow suit.
The live export company behind the disastrous Awassi Express shipment is trying to use an associated company to send another load of sheep to the Middle East while its own export licence is suspended.
Oil prices have gained, with US crude ending a choppy session higher on expectations for a Canadian production outage lasting until September, while global benchmark Brent gained on looming sanctions on Iran and falling output in Libya.
US stocks rose on Monday, giving the Dow and S&P 500 their biggest gains in more than a month, as bank shares jumped ahead of earnings reports later this week.
US stocks have climbed, with the S&P 500 and the Nasdaq hitting their highest levels in two weeks, as strong US jobs growth blunted the impact of an escalating US-China trade dispute.
Oil prices were mixed at the end of last week as a Canadian supply outage supported US crude prices, while an increase in production from OPEC's biggest exporter Saudi Arabia pushed Brent lower.
The Australian share market has hit a fresh decade-high as Asian markets collectively shrugged their shoulders in response to the start of US President Donald Trump's tariffs on $US34 billion worth of Chinese imports.
Australian shares have opened higher on Friday, following a positive lead from Wall Street and ignoring the uncertainty thrown into global trade calculations from looming US tariffs on Chinese imports.
Wall Street's major indexes have risen as reports the US and the European Union may agree to withdraw auto tariffs fostered optimism on international trade relations among investors.
Gold has touched a one-week high, extending the prior session's rebound from a seven-month low, helped by a softer US dollar and smouldering trade policy tensions, though the prospect of the Federal Reserve raising interest rates further may limit gains.
The Australian share market has opened lower following a slide on Wall Street overnight, with financial and tech-related stocks dragging the headline index lower.
Wall Street dipped on Tuesday, weighed down by Apple, Facebook and other technology stocks, in a trading session that ended early ahead of the US July 4 holiday.
A former insurance broker has admitted funnelling almost $200,000 owed to 35 clients for policy cancellations and adjustments into his own bank accounts.
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