AAP

The local share market has dropped back below 7200, with losses for every sector except utilities and energy.

Treasurer Jim Chalmers remains coy on whether the Labor government will pull a gas trigger to shore up domestic supply, as energy prices spike.

The Australian share market has ended modestly higher despite huge drops for lithium miners and electricity supplier Origin Energy.

Household spending helped to prop up economic growth in the early months of this year, although there was a marked slowdown compared with the strong finish of 2021.

The Australian share market finished May on a sour note, dropping 1.0 per cent with every sector losing ground and snapping a two-day winning streak.

Building approvals showed a more modest decline in April after the wild swings recorded in the early stages of 2022.

Consumer confidence has barely moved in response to the federal election result, which has seen Labor secure sufficient seats to run a majority government.

AGL Energy is abandoning plans to split into two separate entities, while flagging the departure of chair Peter Botten and chief executive Graeme Hunt.

The Australian share market has closed 1.1 per cent higher for its best session since last Friday.

Economists expect retail spending managed to grow in April despite a series of hurdles, but new data won't capture the impact of a rise in interest rates.

The local share market has closed down 0.7 per cent with every sector losing ground except for technology, boosted by Appen's $1.2bn takeover offer.

Economists expect figures will show business investment picked up further in the March quarter, providing a boost to growth in the upcoming national accounts.

The local share market has recouped Tuesday's losses, with gains for the big banks and supermarkets, but the tech sector again had a dour day.

After being thrust into the international spotlight, Prime Minister Anthony Albanese will focus on his domestic agenda when he returns from overseas.

The Australian share market faded on Tuesday to close down slightly amid concerns that COVID-19 lockdowns have damaged China's economy.

The Australian Electoral Commission's latest figures give Labor 75 seats to the coalition's 59 as the vote count continues.

The Australian share market started up by as many as 50 points after the weekend's federal election, but faded by the end of the day.

Australian chemical company Incitec Pivot plans to demerge its Australian fertiliser business into a new company.

The Liberal Party is taking stock in the wake of an election defeat but is turning its focus to a replacement for Scott Morrison as leader.

The new Labor government will hit the ground running following the election as the exact make up of parliament remains unclear.

The local market closed up 1.1 per cent on the day, and has been up five of the past six sessions.

Australians in isolation due to COVID-19 will be able to vote in the federal election following last-minute changes to electoral rules.

The Australian stock market has fallen sharply, with major retailers hitting multi-year lows on fears of rising fuel and freight costs.

Retailers enjoyed a buoyant sales period during April compared to a year earlier, but ballooning inflation is eating into business operations.

The major miners have led the ASX higher, with iron ore prices rising as China reopens.

New data suggests the sharp rise in inflation and an expected rapid rise in interest rates will take the edge off Australia's economic expansion.

The local share market has posted its third consecutive winning session, although the gains were modest.

The ANZ-Roy Morgan consumer confidence index has fallen for a fourth straight week to its lowest level since mid-August 2020.

The ASX has finished in the green, with Brambles posting double-digit gains after the pallet giant confirmed it had been approached about a buyout.

The West Australian government will establish a marine park in Exmouth Gulf in the state's northwest.

Prime Minister Scott Morrison has defended the handling of the AUKUS negotiations after reports he misled the US on the level of bipartisanship.

Australian shares have clawed back Thursday's losses with across the board gains, closing out a volatile week with the local bourse's best single-day performance in 15 weeks.