AAP

Australia's share market has crumbled to its lowest level since June, as concerns about stretched valuations meet a reduced outlook for interest rate cuts.

The prime minister is expecting to make progress on a landmark free trade deal with the European Union during a gathering of world leaders in South Africa.

Wall Street stocks slid overnight in a sharp reversal from an early rally, as technology gains faded after a boost from Nvidia's earnings and US jobs data muddied the labour market outlook.

The Australian bourse has notched its biggest gain since August as technology rebounds and mining boons led the market higher.

Australia will not host the UN's annual climate summit in 2026, instead yielding to a rival bid from Turkey.

US stocks ended a choppy session higher overnight, rebounding from recent losses as technology stocks rose ahead of Nvidia's quarterly results.

Mining and energy stocks have struggled to counterbalance a weak financial sector, leaving the Australian share market slightly lower ahead of key overseas economic data returning from a US government shutdown.

Pay packets are still growing in real terms according to fresh wages data, but economists say rising inflation could soon bring that to an end.

The US stock market fell following another jarring session overnight, as worries keep dogging Nvidia, bitcoin and other Wall Street stars that their prices shot too high.

The Australian share market has taken its second-biggest loss of the year as worries around technology valuations, inflation and global economic factors wore at investor confidence.

Commonwealth and Westpac executives are first-up as the federal parliament probes practices at Australia's big four banks this week.

The Opposition has changed its tune on government funding for coal power after a bruising fight over its energy and climate change policy.

The US stock market sank Monday as Nvidia and other superstars created by the frenzy around artificial-intelligence technology dimmed some more.

The local share market has managed to avoid a fifth straight day of losses thanks to late afternoon gains that propelled the bourse to a flat finish.

The opposition leader insists her party does still care about climate action after walking away from Australia's key emission-reduction targets.

Wall Street stocks ended mixed on Friday as investors looked ahead to Nvidia's quarterly results.

The Australian share market has closed at an almost four-month low after suffering its worst day in 10 weeks amid a global pullback in risk assets.

Opposition leader Sussan Ley has dismissed suggestions the Nationals are dictating coalition policy after the Liberals followed their lead and ditched net zero by 2050 climate targets.

Wall Street ended sharply lower overnight, with steep losses in Nvidia and other AI heavyweights.

Australia's share market has tumbled to its lowest close since September 18 after stronger-than-expected jobs data scuppered hopes of further Reserve Bank interest rate cuts.

The Liberals have dumped a commitment to achieving net-zero emissions by 2050 as Sussan Ley pledges to drive down energy prices for households.

Australia's corporate regulator is accusing a financial planning company of engaging in "industrial-scale misconduct" for exposing nearly 7000 investors to dodgy super funds.

The Australian Competition and Consumer Commission has opted not to oppose the media tie-up.

Wall Street's main indexes were mixed overnight, with the Dow notching a record-high close and the Nasdaq losing ground.

Australia's share market has ended the day lower after a mining sector lift could not counterbalance a tech sector dump and ongoing weakness in Commonwealth Bank shares.

The Dow Jones Industrial Average notched a record high close overnight, lifted by progress toward ending the longest US government shutdown.

Australia's share market has stumbled after a snag in Commonwealth Bank's quarterly update sparked a dramatic sell-off that wiped $12 billion from Australia's biggest company.

The Commonwealth Bank has posted an eye-watering $2.6 billion unaudited first-quarter cash profit, buoyed by growth in home loans and deposits.

Big Tech and other superstars of the US stock market got back to rallying overnight.

Australia's share market has notched its best daily performance in three weeks amid hopes a US funding deal could end a government shutdown that has lasted 40 days.

ANZ's bottom line has taken a big hit from a massive fine imposed by the market regulator and one-off costs related to 3500 staff redundancies.

The Nasdaq closed lower as investors turned the page on a roller-coaster week with economic worries.