AAP

The Australian share market has wiped out all of its gains from its three-day winning streak, and then some.

Virgin Australia says it will retire five ageing aircraft and reduce domestic capacity by 2 per cent in the first half of next year, including scrapping two services to Perth, as it focuses on more profitable routes.

Australia's financial and consumer watchdogs aren't happy with Facebook's proposed global digital currency Libra, also known as the "Zuck Buck".

Boral says first-quarter earnings have dipped across all three of the building materials maker's divisions, reaffirming guidance for a full-year profit drop of between five and 15 per cent.

The Australian share market is trading flat, having given up its morning gains in a repeat of the previous day's session.

Oil prices rose more than 1.0 per cent overnight on hopes for a US-China trade agreement and optimism that the US could roll back some tariffs on Chinese imports.

Gold fell 2.0 per cent overnight, en route to its biggest one-day dip in over a month, as expectations the United States may drop tariffs on Chinese imports assuaged some fears of a global recession.

The Australian share market has closed higher for the 10th session in 12 days, but losses from Westpac and goldminers kept the gains subdued.

Australia's resources industry is expected to be one of the biggest winners from a massive Asia-Pacific free-trade pact that covers half the world's population.

The Reserve Bank of Australia has held the cash rate at a record low 0.75 per cent, while keeping the door open for future cuts if the low cost of borrowing and tax cuts fail to stimulate the economy.

Mining and energy shares have helped drive the Australian market higher at the open after stocks on Wall Street gained overnight.

Oil prices rose overnight, buoyed by an improved outlook for crude demand as better than expected US jobs growth added to market hopes a preliminary US-China trade deal would be reached this month.

Gold edged lower overnight as investors leaned towards riskier assets, driven by optimism on US-China trade talks and fading fears of a global economic slowdown.

The Australian share market has closed higher for the ninth time in eleven days, with a big day for the mining sector outweighing a slide in major bank stocks.

Westpac has cut its dividend for the first time in a decade after the bank's full-year profit dropped 15 per cent to $6.85 billion.

The Australian share market has moved higher despite a slide in major bank stocks, instead following the positive lead from Wall Street at the end of last week.

Oil prices rose nearly 4.0 per cent on Friday on signs of progress in US-China trade talks and stronger-than-expected economic data in both countries, including US employment and Chinese manufacturing activity numbers.

Gold prices eased on Friday as better than expected US jobs numbers and strong factory data from China bolstered sentiment for riskier assets.

The Australian share market has finished marginally higher despite losses by the heavyweight financial sector.

Macquarie Group has lifted first-half profit 11 per cent to $1.46 billion and increased its interim dividend, but maintains its full-year result will fall short of last year's record.

Orica has increased its shareholder payout after the explosives maker swung to a $245.1 million full-year profit despite $134 million in writedowns against IT and a WA ammonium nitrate plant.

The Australian share market has opened lower after a negative lead from Wall Street.

Oil prices were nearly 2.0 per cent lower overnight after a leak on a key US pipeline disrupted supply flows and on data showing weak factory activity in China.

Gold prices jumped more than 1.0 per cent overnight supported by an interest rate cut by the US Federal Reserve and as uncertainty surrounding a US-China trade deal bolstered the metal's safe-haven appeal.

The Australian share market has fallen for a second day, with ANZ Bank dragging down the heavyweight financial sector.

Australia's peak medical group has released its latest annual scorecard on private health insurance and warned the country's private health system is on a "precipice".

Mineral sands producer Iluka Resources is reviewing what to do with a royalty it holds on BHP's iron ore operations in Western Australia.

The Australian share market has fallen after a morning of choppy trade, with ANZ bank dragging down the heavyweight financial sector.

Gold rose overnight on expectations of an interest rate cut by the US Federal Reserve but bullion held a tight range as caution set in with investors awaiting clarity on the central bank's future monetary policy.

Oil prices extended losses overnight after a steep US crude inventory build added to worries about a possible delay in resolving the US-China trade conflict which has hurt global oil demand.

The Australian share market has snapped seven days of gains with a major sell-off that left every sector in the red.

The Clean Energy Finance Corporation will receive an extra $1 billion in federal funding for a 'green bank' to invest in pumped hydro power, batteries, and gas energy projects.