AAP

Australia's share market has ended the week higher, buoyed by optimism about a solution to the US-Iran conflict and a slightly less gloomy outlook for local interest rates.

The Greens are likely to give their support to changes to negative gearing and the capital gains discount but businesses fear it will drive investors offshore.

Wall Street's three main indices have closed slightly higher after a choppy session as oil prices lost ground, with some officials ‌citing progress in US-Iran peace talks even as both sides took opposing stances over an Iranian uranium stockpile and control of the Strait of Hormuz.

Optimism for a Persian Gulf peace deal has supported the ASX's best day since early April, helped by a surprise uptick in unemployment that softened the odds of further interest rate hikes.

Australia's share market is trading at seven-week lows, with all but one local sector in the red after a bond sell-off articulated investor fears for global economic growth.

Most small businesses won't be affected by changes to capital gains tax, government ministers insist, despite criticism from the sector on the budget measures.

Wall Street's main indexes closed lower with the Nasdaq leading ‌declines, after the benchmark 10-year Treasury yield climbed to its highest level in more than a year on mounting inflation concerns.

The Australian share market has bounced back from a seven-week low after US President Donald Trump postponed new strikes on Iran.

Investors looking for clues on the next rates move will pick apart minutes from the Reserve Bank's May meeting and a speech by the RBA's chief economist.

The Nasdaq and the benchmark S&P 500 have closed lower as investors took some profits in technology stocks while surging Treasury yields ‌and high oil prices fuelled concerns that inflation and borrowing costs could stay elevated.

Australia's share market has fallen to a seven-week low, as the ongoing conflict in Iran bolsters oil prices and inflation fears darken the global economic outlook.

Labor insists it's taking the right approach to tax reform despite a majority of Australians saying the latest budget will leave them worse off.

US stocks have retreated from artificial-intelligence-fuelled record highs as spiking crude prices ignited global inflation fears.

Australia's share market has fallen for four of the past five weeks, following a storm of profit warnings, earnings disappointments, interest rate hikes and fuel security woes.

Passengers from a cruise ship afflicted by the rare and deadly hantavirus have touched down in Perth before a three-week quarantine.

US stocks have advanced, ‌lifted by a rally in tech stocks as investors absorbed generally solid economic data and watched for developments from Beijing where US President Trump was engaged in a high-stakes meeting with his Chinese counterpart ‌Xi Jinping.

Australia's share market has broken a four-session losing streak, albeit unconvincingly, after a rebound in banks and continued strength in major miners tipped the bourse into positive territory.

The coalition has announced its plan to rein in migration by tying it to housing supply as well as restricting the welfare foreigners receive.

Coles misled shoppers with illusory discounts, a court has ruled after a landmark case brought by the consumer watchdog.

The S&P 500 and the Nasdaq have gained ground with a boost from artificial intelligence-related tech shares, which helped markets look past hotter-than-expected inflation data.

Australian shares have fallen for a fourth straight session, as CommBank led the big banks lower, eclipsing a broadly positive session elsewhere.

Commonwealth Bank turned a $2.7 billion cash profit in the March quarter, up four per cent from a year ago but down one per cent from its first-half quarterly average.

The S&P 500 and ‌the Nasdaq closed lower, easing from record highs as hotter-than-expected inflation data.

Lingering conflict in the Middle East could cause Australia's economy to contract and unemployment to spike to pre-pandemic levels, Treasury warns in the nation's fiscal blueprint.

Young people entering the housing market face such difficulties that the government needs to break a election promise on controversial tax changes, Treasurer Jim Chalmers insists.

Treasurer Jim Chalmers, Prime Minister Anthony Albanese and Finance Minister Katy Gallagher have released a video online to confirm tax changes for property owners.

Australia's share market has wobbled ahead of the federal budget, as investors brace for tax reforms expected to impact returns on housing and stocks.

Regional voters turning to One Nation believe the party is the only one "fighting" for them, coalition politicians say, as the conservative alliance continues to reel from losing a key seat in a by-election.

US stocks have closed slightly higher, with AI optimism fuelling upward ‌momentum even as the earnings-driven fervour of the recent rally eased in the home stretch of reporting season.

The local share market has slipped after the US rejected Iran's latest peace proposal to end the Middle East war, and as a huge plunge by a prominent biotech name weighed on the bourse.

The upcoming federal budget will be one of reform, the prime minister has insisted, despite accusations of broken election promises.

The S&P 500 and the Nasdaq notched record highs on Friday, boosted by gains in Nvidia, Sandisk and other AI-related stocks, ‌while a stronger-than-expected jobs report pointed to labour market resilience.