AAP

Oil prices settled up nearly two per cent as robust US economic data lifted crude futures from two days of declines, with the market extending gains in post-settlement trade on bets for a sharp drop in US crude stockpiles.

The Australian dollar has outperformed all major currencies as Brexit jitters momentarily fade and commodities bounce.

The top Senate candidate in Western Australia of Pauline Hanson’s One Nation party could be ineligible to sit in parliament because he has been convicted of a crime and is still to face trial on a second charge.

Energy, resources and financial companies led the Australian share market lower on renewed fears about the economic implications of the UK Brexit vote.

The number of Chinese tourists venturing down under has hit an all-time high, while migration levels have slumped to a nine-year low.

Virgin Australia is set for a big full-year loss after announcing its restructure will cost as much as $450 million.

The Australian share market has opened lower, with the major banks, big miners and energy stocks all tumbling.

Oil prices tumbled nearly five per cent on Tuesday as investors worried that Britain's exit from the European Union would slow the global economy, making it unlikely energy demand will grow enough to absorb a supply glut.

Gold prices rose for a fifth straight session and traded close to a two-year high above $US1,350, as weak China data and ongoing uncertainty following Britain's vote to leave the European Union triggered a fresh wave of demand for the safe-haven metal.

The Australian dollar is under pressure as global markets flip back to risk aversion on Brexit fallout fears.

The Australian share market has closed sharply lower with the biggest drag being the big banks in the wake of a signal from the banking regulator that they may have to lift capital ratios again.

The Reserve Bank of Australia has held the official interest rate at a record low, but left the door wide open to a rate cut next month and perhaps even more.

The Australian share market has opened slightly lower, as local investors take a cue from the easing across global markets.

Global oil prices eased on Monday after comments by Saudi Energy Minister Khaled Al-Faleh that the market was heading towards balance were tempered by slowing demand in Asia, pockets of gasoline oversupply and signs crude output could rise.

Gold edged higher on Monday as political uncertainty after Britain's vote to leave the European Union supported prices that had been propelled towards last week's two-year high by an overnight burst of short-covering activity in China.

The Australian dollar continues to build momentum as vote counting resumes in the federal election deadlock.

Australia's prized AAA credit rating could be at risk if post-election political paralysis damages the federal government's capacity to manage budget deficits, the key global ratings agencies have warned.

The Australian share market recovered from a nervous start to close higher despite the weekend's inconclusive federal election, boosted by the prospect of economic stimulus in Europe after Brexit.

The Australian share market has opened lower.

The Australian dollar is lower after a stunning federal election cliffhanger put the prospect of another hung parliament on the cards.

Gold has risen one per cent, heading for its fifth weekly gain, supported by a weaker US dollar and prospects for further monetary policy easing in the wake of Britain's vote to leave the European Union.

Oil Search's attempt to consolidate its holdings in gas-rich Papua New Guinea could be delayed after a rival bid emerged to its near $3 billion bid for New York-listed InterOil.

The share market has almost completely recovered the losses suffered in the wake of Britain's vote to leave the European Union after a third straight day of gains.

BHP Billiton will appeal against the decision by a Brazilian court to reinstate a $8.4 billion public civil claim over last year's deadly Samarco mine disaster.

The biggest swing towards Labor in the nation in Saturday's election is expected to be in Western Australia.

The Australian share market has opened higher, although the major banks are all in the red.

Gold has steadied as the other markets showed signs of stabilizing, but it remains on track for its biggest monthly rise since February in the wake of Britain's vote to quit the European Union.

The Australian dollar is higher after the Bank of England hinted it could cut interest rates in response to the Brexit Vote.

The share market has rallied as fund managers adjusted their investment portfolios at the end of the financial year.

Australian resources company Alumina has reiterated its claims over its joint venture with Alcoa, a day after the US aluminium giant filed a plan with US regulators for the spin-off of its global upstream business.

The Australian share market has opened higher.

Stock markets around the world have rebounded for the second straight day as fears about last week's Brexit vote ease and investors wager central banks will ultimately ride to the rescue with more stimulus.