AAP

The Australian share market has finished the first week of June with a broad rally, the local bourse's fourth straight day of gains.

The Australian share market has opened higher, mirroring gains on Wall Street.

Oil prices jumped more than two per cent overnight, reversing course after falling to near five-month lows in the previous session following a report that the United States could postpone tariffs on Mexico.

Gold prices rose overnight as fears about the impact of trade wars on the global economy and rising expectations for a US interest rate cut enhanced the metal's appeal.

The Australian share market has finished higher despite losses in the heavyweight mining sector.

Santos and Carnarvon Petroleum say they have confirmed the discovery of a major oil and gas resource off the coast of Western Australia.

The Australian share market has opened higher after a positive lead from Wall Street.

Oil prices fell overnight, with West Texas Intermediate crude futures (WTI) dropping to its lowest since January after US crude inventories unexpectedly surged, adding to concerns about slowing global growth.

Gold prices pared earlier gains overnight, having jumped to their highest in 15 weeks as nagging fears about global trade and expectations of a US interest rate cut encouraged investors to flock toward bullion.

The Australian share market rallied early in the day following strong gains on Wall Street, but then faded throughout the day.

Vocus Group shares have dropped more than 15 per cent after Swedish private equity firm EQT Infrastructure withdrew its $3.3 billion buyout offer.

The Australian share market has opened higher, mirroring a rally on Wall Street overnight.

Gold steadied below a three-month peak on Tuesday on news China was open to negotiating its trade dispute with the United States, while rising expectations the US Federal Reserve will cut interest rates provided underlying support.

Oil prices ended as much as one per cent higher overnight after a global stock market rally pulled Brent crude from a four-month low touched earlier in the session.

The Reserve Bank's decision to cut rates has lifted the Australian share market following Monday's 76-point loss.

Telstra will reduce the number of contractors it employees by about 10,000 over the next two years as it tries to cut costs, chief executive Andrew Penn says.

The US Transportation Department says it has granted tentative approval to American Airlines Group and Qantas Airways to operate a joint venture, after a prior effort was rejected by the US government in 2016.

The Australian share market has opened higher ahead of the Reserve Bank's monthly board meeting, boosted by strong early gains by the major miners.

Gold climbed more than 1.5 per cent overnight to its highest level in more than three months on concerns that US-Chinese trade tensions and the US threat of tariffs on Mexico would hurt the global economy.

Oil fell overnight as US trade disputes with Mexico and China deepened concerns about weakening global crude demand, while a slump in equities also weighed on crude futures.

The Australian share market has closed flat but finished May up a percentage point during a month when other markets around the world lost ground.

The Australian share market has opened lower despite a positive lead from Wall Street.

Oil prices fell almost four per cent overnight to their lowest in about two months on a smaller-than-expected decline in US crude inventories and fears of a global economic slowdown due to the US-China trade conflict.

Gold shook off headwinds from a stronger US dollar to scale a near two-week peak overnight as data pointed to easing inflationary pressure in the United States, boosting expectations of a further interest rate cut by the Federal Reserve.

The Australian share market has closed lower for a second day amid gloomy prospects for global economic growth.

Wealth manager AMP has been hit with a class action lawsuit for allegedly charging superannuation fund members unjustifiably high fees for an extended period of time.

Australia's lowest paid workers will get a $21.60 a week pay rise.

The Australian share market has opened lower after losses on Wall Street overnight.

Oil prices have fallen in volatile trade overnight and were weighed down by equity markets as China signalled readiness to escalate the trade war with the United States, stoking concerns that an ongoing stand-off could hurt demand.

Gold prices rose alongside other safe-haven assets overnight as the trade rift between the United States and China showed no sign of cooling, with investors fearing a global economic slowdown.

The Australian share market has slumped amid pessimism about global growth prospects and concerns about US-Chinese trade tensions.

Mirvac has launched a $750 million placement, with the property group eyeing the top end of its FY19 guidance and planning to lay the foundations for more success.