AAP

American beef imports are unlikely to dent domestic producers, industry says as the government lifts a ban that was singled out by US President Donald Trump.

The S&P 500 and Nasdaq have notched record high closes, lifted by Nvidia and GE Vernova, as the European Union and the US appeared headed toward a trade deal.

The Australian share market has extended its gains as the major banks snapped their losing run and miners continued to soar.

The S&P 500 has eked out a record-high close following steep losses in General Motors and a gain in Tesla as investors focused on quarterly reports and progress in US trade discussions.

The Australian share market has edged higher as the rotation continues from Australia's expensive retail banks to its cheaper major miners.

US stock indexes inched their way to more records on Monday to kick off a week full of profit updates from big companies.

The local bourse has been unable to push further into record territory, suffering its biggest loss in three months following a similar rally in the previous session.

Federal Labor holds a 57 per cent to 43 per cent two-party-preferred lead over the coalition, the first Newspoll since the May 3 election shows.

The S&P 500 and Nasdaq Composite ended little changed, overcoming a brief dip triggered by a report indicating Donald Trump was pushing for new tariffs on European Union products.

The Australian share market has finished at a record high for the third time this week, with every sector gaining ground in the bourse's biggest rally in three months.

Wall Street rose to records on Thursday following better-than-expected updates on the economy and a mixed set of profit reports from big U.S. companies.

The Australian share market has set another record after the unemployment rate rose to its highest level in nearly four years, increasing the odds of an interest rate cut.

Wall Street benchmarks closed modestly higher overnight, despite an interesting half hour time period.

The local share market has dropped from record levels after US government data showed inflation re-accelerating amid President Donald Trump's trade war, reducing the odds that the world's biggest economy will cut interest rates soon.

The Nasdaq Composite posted its latest record finish overnight, while other Wall Street benchmark stocks dropped.

The local share market has closed at its highest level for the second time in a fortnight after China reported better-than-expected quarterly economic growth.

Australia's central bank wants to remove surcharge fees on both debit and credit cards in a move it expects would save consumer more than $1 billion.

Wall Street stocks closed marginally up overnight as investors sidestepped any meaningful moves following US president Donald Trump's latest tariff threats, and held steady ahead of a busy week of economic data and the start of earnings season.

The local share market has edged lower as traders debated whether Donald Trump's latest tariff threats are just a negotiating tactic or have a real chance of being implemented.

Wall Street ended the week lower, with Meta Platforms weighing on the S&P 500 after president Donald Trump intensified his tariff offensive against Canada, amplifying the uncertainty swirling around US trade policy.

Strong gains by the mining giants were not quite enough to keep the local bourse in the green, with every other sector losing ground.

The S&P 500 and the Nasdaq Composite rose modestly to post record closing highs overnight.

The Australian bourse has bounced back after the Federal Reserve signalled a US rate cut remains on the table, despite uncertainty stemming from Donald Trump's trade wars.

Australian business groups are "cautiously optimistic" a visit to China by Anthony Albanese will help normalise a fragile relationship with Beijing.

Wall Street indexes closed higher overnight.

The Australian share market has lost ground as Donald Trump expanded his trade war by announcing steep new tariffs on copper - although goldminers suffered the most in trading.

The S&P 500 ended a choppy session slightly lower overnight.

The local share market has finished about where it began after gyrating between positive and negative territory before and after the Reserve Bank's surprise decision on interest rates.

Wall Street's major indexes closed sharply lower overnight, after US president Donald Trump announced hefty tariffs against Japan, South Korea and other trading partners.

The Australian share market has slipped from the record levels set last week amid more uncertainty over Donald Trump's trade wars and ahead of the Reserve Bank's latest decision on interest rates.

Wall Street rallied to record highs after a surprisingly strong US jobs report cheered investors, who shrugged off dimming chances for a US interest rate cut this month.

The local share market has finished above 8,600 for the first time ever after a stronger-than-expected US jobs report reaffirmed the strength of the world's largest economy.