AAP

Labor leader Bill Shorten has backed down from his ‘captain’s call’ to roll back company tax cuts for businesses with turnovers between $10 million and $50 million a year, after a leadership meeting today.

The Australian share market has ended the final trading day of the financial year on a sour note after a late afternoon sell-off, as energy stocks fell despite soaring oil prices and healthcare and financial stocks retreated.

The Australian share market has opened flat despite gains from the miners on the last trading day of the financial year.

The Australian dollar has bounced back and is higher against the greenback, after trading at its lowest level in around 18 months on Thursday.

Oil prices have climbed with US crude hitting a three-and-a-half year high, bolstered by supply concerns due to US sanctions that could cause a large drop in crude exports from Iran.

US stocks have risen as technology and other growth sectors rebounded from the prior day's declines and financial shares snapped a 13-day losing streak.

Western Australia was among the states leading a rise in job vacancies, which lifted 5.7 per cent between February and May driven by with growth in both the private and public sectors.

The Australian share market has broken a four-day losing streak and ended the day higher, with energy and materials stocks leading the gains.

The Australian dollar is lower against the greenback after a moderation in the Trump administration's approach to Chinese investment spurred the US dollar to rally against most major currencies.

Oil prices have jumped as plunging US crude stockpiles compound supply worries in a market already uncertain about Libyan exports, a production disruption in Canada and Washington's demands that im

Gold prices have dipped to a fresh six-month low as the US dollar strengthened, making bullion more expensive for buyers using other currencies.

Australian shares have closed flat on Wednesday, with gains for energy and material stocks not doing enough to overcome losses elsewhere on the market.

The Australian share market has opened flat, with gains in materials and energy offsetting falls in other sectors.

The Australian dollar has fallen below 74 US cents amid a rebound in the US dollar as trade tensions continue and investors focus on hopes of Federal Reserve rate rises.

Crude futures have jumped more than two per cent and US oil topped $US70 for the first time in two months as Washington pushed allies to halt imports of Iranian crude, which would constrain global supplies.

Gold has hit its lowest in more than six months as a selloff in global risk assets eased and the precious metal remained under pressure from the prospect that rising US interest rates will further support the dollar.

Falls across the energy, resource and health care sectors pushed the Australian share market into the red on Tuesday, amid increasing investor fears of a global trade war.

Collins Foods, Australia's biggest KFC franchisee, has lifted full-year profit by 16 per cent, buoyed by the addition of new stores to its network, and despite the Western Australian market being an under-performer.

Roger Federer is sticking with his recent successful formula as he eyes a record-breaking seventh Australian Open title in January, committing to return to the Hopman Cup in Perth.

BHP and joint-venture partner Vale have reached a framework agreement with Brazilian prosecutors to negotiate settlement of a $A55.35 billion claim relating to the fatal 2015 Samarco mine disaster.

The Australian share market is sharply lower, after global equity markets tumbled amid mounting fears of a trade war between the US and other leading economies, especially China and Europe.

The Australian dollar has fallen against the US dollar amid a drop in oil prices with a looming lift in crude output and a worsening of the trade war between China and the US.

Gold is hovering near last week's six-month low as investors flock to US Treasuries rather than bullion, amid concerns over a global trade war ratcheting higher after a report said the United States plans to bar Chinese companies from investing in its technology firms.

Oil has fallen as investors prepare for an extra one million barrels per day (bpd) of oil to hit markets after OPEC agreed to raise production and as US equity markets slipped on trade war fears.

The Australian share market has lost ground on Monday after losses in the finance sector following Commonwealth Bank's announcement it will spin off its wealth management business.

Metcash shares have rallied after the supermarkets wholesaler announced a $125 million share buyback alongside an impairment-driven full-year loss of $149.5 million.

Commonwealth Bank will demerge and list its wealth management and mortgage broking businesses, with its CommInsure insurance unit possibly next on the chopping block.

The Australian share market is broadly flat in early trade as strong gains across energy and resource stocks are offset by the heavyweight financial and healthcare sectors.

Gold prices rose from six-month lows on Friday as the dollar slipped, but the modest nature of the recovery suggested speculators might still be poised to pu

The Australian dollar is back on the ascendancy after its US counterpart weakens, pressured by a rebound in commodity-linked currencies.

Oil prices have soared after oil producers agreed to modest crude output increases to compensate for losses in production at a time of rising global demand.

The Perth-based company behind the disastrous Awassi Express sheep shipment to the Middle East has had its live export licence suspended by the federal government.