AAP

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.

Gold has risen as the US dollar retreated and investor appetite for safe assets remained strong because of longer-term financial uncertainty after Britain's surprise vote to leave the European Union.

The Australian dollar is sharply higher as investors sell off US dollars to balance their books at the end of the quarter.

Bargain-seeking investors have lifted the share market following the heavy selling sparked by concerns about the global economic fallout of Britain leaving the European Union.

Telstra will spend a further $200 million on improving its network following a string of outages that have damaged the telco giant's reputation.

Deal hungry Vocus Communications is buying a Nextgen Group subsidiary, plus two WA-focused development projects, for up to $861 million to bolster its telecommunications infrastructure and earnings pipeline.

The Australian share market has opened more than one per cent higher.

Gold has fallen more than one per cent as buyers cashed in gains from the biggest two-day rally in the metal since late 2008, made in the wake of Britain's shock vote to leave the European Union.

European and US shares have rebounded and the battered pound rose as markets digested Britain's vote last week to leave the European Union.

The Australian dollar has fallen as the improving US economic outlook offset its brief post-Brexit rally.

The Australian share market has closed lower, following overseas markets' falls in the aftermath of the UK's vote to leave the European Union.

Evolution Mining has underlined its bullish outlook by doubling dividend payouts after posting record gold production, in line with its target guidance.

Optus is looking to cut more jobs next year as the teleco group considers outsourcing some of its office work as part of wider efforts to cut costs amid stiff competition.