AAP

The ASX200 has finished up 0.3 per cent following better-than-expected earnings from Coles, Qantas, Medibank Private, Ramsay Health Care and Eagers Automotive.

US Stocks lost ground overnight, with investors digesting the latest comments from US President Donald Trump on tariffs.

The ASX has fallen for a seventh day of losses out of the last eight sessions, even as domestic monthly inflation figures came in slightly under expectations.

Some of Wall Street's brightest stars lost more of their shine overnight after another report said US households are getting more pessimistic about the economy.

The ASX200 has fallen 0.7 per cent after US President Donald Trump said promised tariffs on Mexico and Canada would go ahead next week as scheduled.

The Nasdaq Composite fell more than 1 per cent overnight, with big technology stocks creating the biggest drag as investors worried about demand for technology supporting artificial intelligence.

The local share market has snapped a five-day losing streak, with a rebound by the big banks outweighing a huge drop by the bourse's biggest tech firm and losses in the mining sector.

US stocks tumbled on Friday, extending their sell-off in the wake of dour economic reports and closing the book on a holiday-shortened week fraught with new tariff threats and worries of softening consumer demand.

The Australian share market has suffered its worst weekly loss in more than two years after giving up ground each day, while the local currency has climbed to a two-month high.

US stocks have sold off overnight as ongoing tariff jitters and a downbeat forecast from Walmart dampened investor risk appetite.

The ASX200 finished down 1.2 per cent on its biggest day of earnings season, with heavy losses for the big four banks, Fortescue and Goodman Group.

A $2.4 billion government package will keep Whyalla's steelworks running and its debts paid while a new owner is found, after it was placed in administration.

The S&P 500 added to its record as US stock indexes drifted through a quiet Wednesday overnight on Wall Street.

The ASX200 was down 0.3 per cent at midday, on track for its third day of losses amid more weakness from the financial sector.

US stocks crept to a record overnight as the S&P 500 nudged higher after a quiet Tuesday of trading.

The ASX200 has finished 0.7 per cent lower, extending its losses after the Reserve Bank cut rates while cautioning it might not do so again anytime soon.

Australia's economy is recovering thanks to the government's measures but an interest rate call is ultimately out of its hands, the prime minister says.

The ASX200 fell 0.2 per cent, with the financial sector doing especially poorly after disappointing earnings from Westpac and Bendigo and Adelaide.

Peter Dutton appears to be kicking with the wind behind his back, with multiple opinion polls showing the Albanese government could be on the nose with voters as an election nears.

The local share market has hit a new record for a third day this week, despite double-digit losses for Cochlear and AMP following disappointing earnings results.

US stocks rallied to the brink of a record overnight after more companies reported bigger profits than expected.

The ASX200 has finished marginally higher at its best-ever level and set an intraday record amid a spate of corporate earnings reports.

Several US stocks fell overnight after a report showed inflation is unexpectedly worsening for Americans.

A late rally has carried the local share market into uncharted territory after Commonwealth Bank, Suncorp, AGL and Computershare all delivered better-than-expected first-half earnings.

The federal government could throw a lifeline to Rex Airlines if a potential buyer isn't prepared to commit to providing value and ongoing regional services.

Wall Street held relatively firm overnight following president Donald Trump's latest tariff escalation and after the Federal Reserve hinted interest rates may not change for a while.

The ASX200 ended the day about where it started, with strong gains for goldminers as the yellow metal breached $US2,900 an ounce for the first time.

US stocks rose overnight as Wall Street took president Donald Trump's latest threat on tariffs in stride.

The ASX200 has fallen after US President Donald Trump said he would impose new levies on steel and aluminium imports.

All three US stock indexes closed lower on Friday after President Donald Trump said he plans to announce reciprocal tariffs on many countries next week, following weak jobs and consumer sentiment data.

The ASX200 has finished Friday down 0.1 per cent to close out the week slightly in the red after starting it with a big plunge.

The S&P 500 and the Nasdaq ended higher overnight while the Dow closed lower after a choppy trading session.