Shares close 17pts higher

The share market has posted a fourth straight day of gains to hit its highest level since late August.

Shares open 3pts higher

The Australian share market has kicked off flat on Friday after gaining 2.6 per cent over the past three trading sessions, despite record highs on Wall Street.

Oil above $50 on hopes for non-OPEC cuts

Oil rebounded from the week's lows to close above $US50 a barrel on Thursday, on growing optimism that non-OPEC producers might agree to cut output following a cartel agreement to limit production.

Gold slips after ECB decision

Gold retreated into the red on Thursday after the dollar rebounded on the back of a decision by the European Central Bank to extend monthly asset purchases until next December albeit at a lower monthly level.

Wall Street again marks new highs

Major US stock indexes climbed again on Thursday and set fresh record highs as a month-long rally following the presidential election of Donald Trump rolled on.

Aussie dollar slips on ECB stimulus

The Australian dollar has slipped against its US counterpart with the greenback rising after the European Central Bank extended its quantitative easing program by nine months.

Morning Headlines

Woolworths smashes ACCC on suppliers

Shares close 65pts higher

Strong investor support for financial and mining stocks has driven a third straight day of gains and taken the market to a near four month high.

Shares open 46pts higher

The Australian share market has opened broadly higher with banks and miners leading a year-end "Santa Claus rally".

Dow, S&P; 500 surge to highs

Wall Street surged on Wednesday, with the S&P 500 and Dow hitting fresh record intraday highs, as equities continued their march upward after the presidential election of Donald Trump, even as his comments on prescription drug pricing wounded the healthcare sector.

Morning Headlines

Bunnings chief to renovate Wesfarmers

Gold rises further from 10-month low

Gold rose further from this week's 10-month low overnight as the US dollar eased against the euro ahead of a European Central Bank meeting, and on the view that a US rate rise next week was already reflected in prices.

Oil prices ease on doubts over cut impact

Oil prices eased overnight on bearish US petroleum inventory data and doubts that production cuts promised by OPEC and Russia would be deep enough to end a supply overhang that has weighed on markets for more than two years.

Aussie dollar stronger on iron ore prices

The Australian dollar has strengthened against its US counterpart and is once again heading toward 75 US cents.

Shares close 49pts higher

The share market closed nearly 1 per cent higher, boosted by a positive session on Wall Street and confidence the resources sector will continue to improve.

Shares open 33pts higher

The Australian share market has opened more than half a per cent higher in the wake of a positive lead from US markets and confidence among investors.

Oil falls on output cut scepticism

Oil prices overnight ended lower for the first time in a week since OPEC agreed to cut output on growing scepticism that the cartel would be able to reduce supplies as data showed record high production in most major export regions.

Gold near 10-month low, US rates in focus

Gold hovered near 10-month lows on Tuesday as the market braced for an increase in US interest rates this month and anticipated more monetary tightening next year.

$A on hold as investors await GDP

The Australian dollar is nearly flat with traders taking a breather ahead of the release of Australian GDP figures and next week's US interest rates meeting.

Banks, telecoms lead Wall St up

Wall Street has climbed as telecom stalwarts AT&T and Verizon gained and bank shares added to their torrid post-election rally, helping the Dow set another record closing high.