AAP

Gold prices have pared gains after touching a two-week high, after Republicans in the US House of Representatives unveil legislation to overhaul the US tax system.

Seven West Media plans to make $25 million of job cuts in response to falling ad revenues and a highly competitive TV market.

The share market's rise to its highest level in nearly a decade has stalled as investors sold off National Australia Bank shares despite the bank's profit growth.

Australia's trade surplus has doubled due to a rise in mining exports that is expected to boost economic growth.

The consumer watchdog will review the standard of service NBN Co delivers to retailers as the largest retailer, Telstra, warns of slim margins due to the wholesale price NBN Co charges.

National Australia Bank will cut 4,000 jobs over the next three years even though it lifted full-year cash profit 2.5 per cent to $6.6 billion.

The Australian share market is barely holding on to gains in early trade after National Australia Bank results dampen investor sentiment despite overnight gains on Wall Street.

The Australian dollar is higher against a strengthened greenback following strong economic data.

Gold has advanced as traders reposition themselves after the Federal Reserve says it will keep target interest rates unchanged for the time being.

Oil prices have dipped in see-saw trade, hitting their highest in more than two years and then retreating after weekly US government inventory data showed the latest crude stock draw was not as big as an industry trade group had reported.

Gains in all but one sector of the share market have lifted the All Ordinaries index above 6,000 points for the first time since the GFC.

Shares in Domino's Pizza have dropped sharply after the Fair Work Commission terminated deals with workers under which they were paid less than minimum award rates.

Shares in Harvey Norman have risen strongly after the corporate watchdog told the retailer it was no longer reviewing its 2015-16 financial report.

Construction major CIMIC Group has reaffirmed its full-year profit guidance after lifting third-quarter profit by 20 per cent.

The Australian share market has opened higher with the All Ordinaries index breaking through the 6,000 mark for the first time since before the global financial crisis.

The Australian dollar has fallen slightly against the US dollar despite there being strong gains on Wall Street overnight.

Gold prices fell on Tuesday as the US dollar was firm for much of the session and precious metals investors turned cautious ahead of central bank meetings this week, US payrolls data and the announcement of the next US Federal Reserve chair.

Oil prices settled higher again, notching a monthly gain of more than five per cent, but analysts said bullish sentiment that has driven Brent crude to its highest in more than two years could encourage US producers to export more oil.

The share market has faded in afternoon trading to close lower, due to weakness among the big banks and miners. 

Shares in Woolworths have risen after the supermarket chain unveiled strong first quarter food sales that continued to outpace the growth of rival Coles.

Australian stocks have made a positive start despite an overnight retreat on Wall St after news President Donald Trump's promised tax cuts may take longer to eventuate.

The Australian dollar is higher against its US counterpart.

Brent oil has closed at its highest level since July 2015 and US crude has closed at a peak not seen since February on expectations OPEC-led production cuts would be extended beyond March, although such gains are likely to spur more US production.

Gold has risen ahead of a series of central bank meetings and US President Donald Trump's expected announcement of the next Federal Reserve chair, and amid a slightly weaker US dollar.

The share market has closed higher on a day of broad-based gains led by energy companies, banks and industrial stocks.

Labor has met broad opposition to its call for independent reviews of all future trade deals, with Trade Minister Steve Ciobo saying there are already multiple checks in place and a key union vowing to campaign against to the opposition plan.

Treasurer Scott Morrison is confident wages growth will pick up over the next couple of years as the jobs market continues to strengthen.

The Australian share market has started the week stronger after solid technology earnings helped lift Wall Street higher.

Gold prices have edged higher, reversing earlier losses after the Catalonian parliament's independence declaration from Spain led investors to seek safety from political upheaval.

The Australian dollar is higher against its rallying US counterpart, as Wall Street equities found fresh record highs on strong company earnings.

Oil prices have jumped about two per cent, with global benchmark Brent crude rising above $US60 per barrel, on support among the world's top producers for extending a deal to rein in output and as the dollar retreated from three-month peaks.

The share market has fallen on fears the Turnbull government could lose its one-seat majority following the High Court's ruling disqualifying Barnaby Joyce from parliament because of his dual-citizenship.