AAP

Oil prices have changed little, a day after precipitous falls, as traders worried about a global glut and the first rise in the US oil-rig count this year.

Wall Street stocks have closed a holiday-shortened week slightly lower following a mixed US jobs report and as investors awaited Greece's weekend referendum over its economic fate.

Gold has rebounded slightly from an earlier three-and-a-half-month low after data showed the US labour market was weaker in June than expected, indicating that the Federal Reserve may hold off from raising interest rates in September.

The Australian share market has finished higher for the third consecutive session after Monday's huge sell-off.

Rio Tinto chief executive Sam Walsh has shrugged off pessimistic iron ore forecasts, saying there will be a happy ending for the steel-making commodity.

Sandalwood plantation operator TFS Corporation has reaffirmed its expectation of a net profit of at least $90 million for the 2014-15 financial year.

The Australian share market has opened higher.

Gold has fallen, as the US dollar strengthens and hopes for progress in the Greek crisis revive after the country told international creditors Athens could accept their bailout offer if some conditions were changed.

US stocks have gained, following European equities higher on hopes for a deal with Greece as US data showed private-sector hiring accelerated in June.

Oil prices have tumbled as traders weighed Greece's deepening debt crisis and a surprise increase in US crude-oil inventories.

The Australian dollar is weaker against the greenback, which has risen on bullish US jobs and factory data.

The Australian share market has closed 1 per cent higher as investors repositioned their portfolios on the first day of the new financial year.

The Australian share market has opened higher.

US stocks have finished moderately higher, recovering some of the prior session's losses, as Greece edged closer to a debt default.

Oil prices have rebounded as Iran and six major powers extended a deadline for reaching a nuclear deal that could add Iranian oil to an oversupplied global market.

The Australian dollar is higher against the greenback which rose overnight as Greece scrambled to avoid a debt default and possible exit from the eurozone.

Gold prices have fallen as the prospect that Greece will default on a repayment to the International Monetary Fund knocked the euro against the US dollar, and as investors remain wary over the metal's longer-term prospects.

The Australian share market has ended the last day of the financial year on a positive note as investors prepare themselves for the year ahead.

Struggling outdoor clothing and equipment retailer Kathmandu has caught the eye of a New Zealand homewares and sports retailer seeking a takeover.

Coles will refund more than $12 million to small suppliers, on top of paying a $10 million court-ordered penalty for illegally squeezing them for funds.

Kimberley Diamonds is poised to launch a major restructure and capital raising to help shore up its business.

The consumer watchdog has recommended new reporting conditions to ensure Telstra doesn't have an actual or perceived competitive advantage as it works with NBN Co.

A ban on ambulance ramping at Perth hospitals could simply shunt patients into corridors, the paramedics' union says.

The Australian share market has opened lower.

Oil prices have dropped in the US, joining other global markets in retreat on the looming threat of a Greek debt default.

US stocks have tumbled, joining global equity markets in retreat on the looming threat of a Greek debt default.

The Australian dollar is higher against the greenback which slipped overnight despite Greece lurching towards a default on its debt obligations.

Gold has firmed, as the prospect of a Greek debt default hit global shares, offsetting wariness among investors over the metal's longer-term outlook.

Australia's share market has suffered one of its biggest falls in years, with nearly $40 billion wiped out as Greece inches towards a default on its debt and a potentially catastrophic exit from the euro zone.

Phone and internet bills are likely to fall after the competition watchdog recommended Telstra cut the price it charges other telcos to access its copper wire network.

More than $35 billion has been wiped off the Australian share market as investors brace for an increasingly likely Greek exit from the euro zone.

Gold has closed little changed, after falling to a three-week low, on short-covering at the end of the week and caution ahead of crunch talks on Greece, while concerns over the longer-term outlook for the metal provides price pressure.