AAP

Australia's share market has closed at its highest ever level as multiple sectors rallied on hopes of a trade resolution between the United States and China.

In his first major speech since Labor's election triumph, Anthony Albanese says he will build on his first term to deliver reforms across the nation.

The S&P 500 ended slightly higher in the US overnight.

US stocks closed higher on Friday after a better-than-expected jobs report calmed worries about the economy, while Tesla bounced, clawing back some losses from a sharp plunge.

More than 500 people from politics, showbiz, charity, sport and business are recognised in the general division of the 2025 King's Birthday Honours List.

The Australian share market has slipped after again approaching its best-ever close, fading ahead of key US economic data and a long weekend in most Australian states.

Shares of Elon Musk's Tesla have fallen sharply as investors fear his dispute with US President Donald Trump could end up hurting the company.

Wall Street's stock indexes ended lower in choppy trade overnight.

The Australian share market has taken a breather after spiking above its best ever close to end the session lower.

US stocks ended mixed overnight.

The Australian share market has notched its best day in more than a month to finish within striking distance of a record close.

US stocks pulled closer to their record overnight as the wait continued for more updates on president Donald Trump's tariffs and how much they're affecting the economy.

The Australian share market has notched its highest close since mid-February as the United States narrows its focus on resolving trade trade tensions.

The S&P 500 index closed higher overnight as investors were still optimistic over trade talks between the United States and its trading partners.

Australian shares have closed lower after a series of bleak headlines boosted risk sentiment and sent jitters through equity markets.

Investment house Soul Patts will merge with Australia's biggest brickmaker to form a $14 billion diversified investment, property and building company.

The S&P 500 ended a volatile session little changed on Friday as US president Donald Trump slammed China before sounding upbeat about reaching a trade deal.

Australia's share market has climbed higher for a second month in a row and is within striking distance of its all-time peak.

US stocks closed slightly higher overnight as shares of Nvidia gained after its quarterly results.

The Australian share market has pushed higher alongside its counterparts in Asia after a US trade court blocked President Donald Trump's Liberation Day tariffs.

A US federal court has blocked president Donald Trump's Liberation Day tariffs from going into effect.

US stock indexes closed lower overnight as investors digest minutes from the last Federal Reserve meeting and awaited results from AI bellwether Nvidia.

Profit-taking and weaker commodity prices have pushed the local share market lower, while surprise price growth revealed a speed bump in Australia's disinflation road.

The Liberals and Nationals have reconciled their differences ahead of coalition leader Sussan Ley announcing her new shadow ministry line-up.

Wall Street surged overnight as investor risk appetite was buoyed by US president Donald Trump's latest tariff respite.

Australia's banks have lifted the local bourse after a weak start, with IT stocks also rising on the eve of expected softening inflation figures.

Global markets climbed and the euro rallied after US President Donald Trump kicked his threat to slap 50 per cent tariffs on European Union goods into July.

Australian shares are on shaky ground, finishing flat as fresh US trade threats weigh on investor confidence.

US stocks fell to end the week, notching up a weekly loss.

Australian shares have finished the week higher, buoyed by a Reserve Bank interest rate cut but with global risks putting a lid on investor exuberance.

Australian shares have slipped as dwindling confidence in the US economy pushes investors towards safe havens and profit-taking.

Australian shares have closed at a three-month high following the Reserve Bank's interest rate cut.