AAP

Qantas shares have hit a record high after US investment bank Goldman Sachs upgraded its rating on the airline.

The share market is trading slightly higher following a positive lead from Wall Street where indexes hit fresh record highs.

The Australian dollar is a little lower against its US counterpart which has pared losses after data showed that US service sector growth had accelerated which could lead to a December interest rate rise.

Oil prices have fallen after a surprising jump in US crude exports to a record two million barrels per day fans worries about global oversupply.

Gold pared has gains as the US dollar came off its lows on strong data from the US service sector index.

The share market has fallen for a second straight session as international investors sold shares on concerns about a weaker outlook for the Australian dollar.

Injury-prone Thanasi Kokkinakis will fill the shoes left by Nick Kyrgios at this summer's Hopman Cup tennis tournament in Perth, where some of the world's top players, including Roger Federer, Alexander Zverev and Angelique Kerber will compete.

The competition watchdog has delayed its decision on BP's $1.8 billion acquisition of more than 500 service stations owned by Woolworths.

A $2.7 million upgrade to the rundown Broome Regional Prison in Western Australia will include bolstered security measures, larger recreation spaces, beds, a prisoner reception area and new women's cells.

The Australian share market has slipped in early trade, losing ground for a second straight day as investors ignored a positive finish on Wall Street.

The Australian dollar is higher after it got a boost from gains on Wall Street driven mainly by strong sales data from General Motors and Ford.

Oil prices have dipped as speculators took profits for a second day after big third-quarter gains and on concerns that higher prices might spur increased US shale production.

Gold prices have risen above a seven-week low as the US dollar came off its highs.

The share market closed weaker as all sectors outside of telcos lost ground, and the Australian dollar has fallen to a two month low.

The Reserve Bank of Australia has held the official interest rate at 1.5 per cent and maintained its forecast of a gradual improvement in economic growth in the year ahead.

Vocus Communications has appointed former M2 Group boss Vaughan Bowen and former Telstra chairman Bob Mansfield to lead a board tasked with turning around the faltering business

The Australian market has ignored a strong positive lead from Wall Street and opened lower, with insurance giant QBE helping pull down the market.

The Australian dollar has crept higher against its US counterpart, which has consolidated its gains made earlier in the London-New York session.

Oil has fallen more than $US1 a barrel as a rise in US drilling and higher OPEC output put the brakes on a rally that helped prices notch their biggest third-quarter gain in 13 years.

Gold has fallen to its lowest in nearly seven weeks as rising US Treasury yields pushes the US dollar higher while concern over violence during Catalonia's independence vote at the weekend weighed on the euro.

The Australian share market has closed higher after investors started the new quarter in a bullish mood following a positive lead from the US and encouraging economic data from China.

The sale of the Ten Network to US media giant CBS would likely cause havoc for rival broadcasters Seven West Media and Nine Entertainment, a senior analyst has warned.

The Australian share market has opened strong on the the first trading session of the new month, with investors taking cues from a positive finish on Wall Street last week.

The Australian dollar is little changed against the US dollar with most major currencies either steady or range-bound since the last local trading session.

Gold prices have edged lower as slightly weaker US inflation and consumer spending data did little to dampen expectations of an interest rate hike in December.

The share market has ended a choppy session in positive territory with a respite in falling iron ore prices helping materials and resources stocks recover lost ground.

Fortescue Metals Group has partnered with ANZ Banking Group to set up a $50 million leasing facility for indigenous-owned businesses that have contracts with the iron ore miner.

The Australian share market has turned lower early on its last trading day of the month after a confused start when key indexes moved in and out of positive territory.

The Australian dollar is higher against its US counterpart, recouping the losses it suffered in its previous onshore session as the greenback's tax-plan inspired gains were partly forfeited.

Oil prices have slipped, further backing off from 2015 peaks hit earlier in the week as tension around northern Iraq following the Kurdistan region's vote in favour of independence spurred fresh supply concerns.

Gold has rebounded above a six-week low, as the US dollar has turned lower and ushered in short-covering.

The Australian share market has ended the day modestly higher, while a surge in the US greenback has helped push the Aussie dollar to its lowest level in more than two months.