AAP

The Reserve Bank says Brexit fears won't hit the global economy too hard, but more sluggish local consumer prices could set the scene for an August rate cut.

After eight straight sessions of gains, the Australian share market has opened flat, with a mixed performance by the big banks and miners.

Rio Tinto has maintained its 2016 guidance for iron ore shipments at 350 million tonnes after lifting June quarter volumes by 6 per cent from a year ago, helped by expanded infrastructure and unwinding of stocks in Western Australia.

Oil prices have settled more than one per cent lower after rising stockpiles of crude and refined fuel intensified fears another major glut was building up.

Gold has fallen as much as one per cent as Wall Street hovered near record highs and investor jitters calmed following a failed coup attempt in Turkey.

Wall Street has closed slightly higher to mint new record highs for the S&P 500 and the Dow industrials, fuelled by Bank of America's better-than-expected profit and a major tech sector acquisition.

The Australian dollar is treading water as traders await the Reserve Bank's monthly board meeting minutes.

Strong gains across the Australian stock market, led by energy, financial and retail companies, helped push the market higher for an eighth consecutive trading day to an 11-month high.

Indian businessman Pankaj Oswal admits he benefited from some payments using Australian fertiliser company money, a court has heard.

A global shipping company has become the first company successfully prosecuted by Australia's corporate regulator under the criminal cartel provisions of the Competition and Consumer Act.

Australian oil and gas producer Oil Search could find itself dragged into a bidding war over InterOil after a counter-bid by global energy giant ExxonMobil.

DroneShield shares have risen nearly 11 per cent in early morning trade after the drone detection company released an investor update.

The Australian share market has opened higher.

Oil prices have extended gains after Turkey's armed forces said they'd taken power in the country, igniting concerns about potential disruptions to shipments along one of the world's busiest shipping routes.

Gold has fallen on improving global risk sentiment and a stronger US dollar after better-than-expected US data.

The Australian dollar has reversed gains made after a short-lived spike sparked by a flurry of strong Chinese economic data.

Expectations of more economic stimulus from central banks and better-than-expected Chinese economic growth figures have helped lift the Australian share market to its highest level in 11 months.

The state government plans to cancel a new environmental review of the controversial Roe 8 highway extension project after winning a legal appeal today, but it remains unclear when contracts for the project will be awarded.

The Australian share market has opened higher.

The Australian dollar has held onto gains driven by official June jobs report.

Financial stocks have led the S&P 500 and the Dow industrials to record highs after JPMorgan's strong quarterly results, while upbeat economic data cemented bets that the current rally on Wall Street can chug along.

Oil prices have risen close to two per cent as traders cover short positions a day after crude futures were hammered by data showing weak US fuel demand in a busy summer driving season that heightened fears about a global oil glut.

A long-awaited state government report on the future of remote indigenous communities doesn't overtly refer to closures controversially flagged in late 2014, but promises to direct funding towards 10 of the biggest.

The share market has closed higher for a sixth straight session as investors see better value in the equity market than in bonds.

Brazilian federal prosecutors say they have opened an investigation into alleged environmental crimes by Roberto Carvalho, chief executive of BHP Billiton co-owned company Samarco Minerao SA, over a deadly damburst last year.

Iron ore miner Fortescue Metals Group has topped its full-year production guidance of 165 million tonnes.

Woodside Petroleum has agreed to buy ConocoPhillips' stake in three deepwater oil blocks off the coast of Senegal for $US350 million ($A460 million).

The Australian share market is up for a sixth straight day, supported by retail and financial companies, plus biotech giant CSL.

Gold has risen one per cent, recovering from its lowest in nearly two weeks, as prospects for further economic stimulus helped to bolster investor appetite while the US dollar remain flat.

US stocks have ticked up, just enough for the S&P 500 and Dow industrials to set record highs, with investors expecting upbeat earnings to keep the rally going.

The Australian dollar is slightly higher on the back of mixed Chinese trade data and ahead of the release of Australia's official June jobs report.

The Australian share market has closed moderately higher, and is up for the fifth straight session, as concerns over Brexit ease, but investors are cautious.