Wall Street ended flat on Friday as gains by Intel, real estate companies and utilities offset a drop in Facebook after the social media network disclosed a fresh security breach.
Gold inched higher but was on track for its longest monthly losing streak since January 1997 as the US dollar firmed against the euro after Italy's budget jitters threatened the European currency.
Oil prices rose more than a percent, with Brent climbing to a four-year high, as US sanctions on Tehran squeezed Iranian crude exports, tightening supply even as other key exporters increased production.
A Margaret River winemaker has given up a fight with the Peruvian government, claiming the South American country has bullied him out of the use of the name Pisco.
Wall Street has climbed, helped by gains in Apple, Alphabet and Facebook, as well as the US Federal Reserve's confidence in the strength of the economy after it raised rates for the third time this year.
The Australian share market has closed lower, dragged down by mining and banking stocks after commodity prices weakened and the royal commission's interim report looms.
AusCann Group Holdings has today announced two board changes, with managing director Elaine Darby advising of her resignation and pharmaceutical executive Paul MacLeman appointed as executive director.
The Australian share market has recovered its early losses to sit flat following Wall Street's dip in the wake of the US Federal Reserve's interest rate hike.
Health stocks have helped Wall Street edge higher, although banks have slipped ahead of a widely expected interest rate hike by the US Federal Reserve.
Oil prices eased after US data showed a surprise build in domestic crude inventories, but an impending drop in Iranian exports kept Brent futures above $US80 a barrel and on track for a fifth straight quarterly gain.
Gold prices held onto earlier losses as the US dollar trimmed gains after the Federal Reserve raised US interest rates as expected and forecast three more years of economic growth.
Expectations there will be an interest rate rise in the US has weighed on local banking shares, offsetting gains from energy and materials stocks, which is holding the Australian share market flat.
Australian shares have mirrored narrow overnight trading on Wall Street to remain steady at the open, lifted by the heavyweight materials sector and energy shares.
US stocks have opened little changed, as higher oil prices lifted energy stocks and banks rose in anticipation of an interest rate hike, but losses in Facebook and chipmakers weighed on the market.
Oil prices jumped on global supply concerns following US sanctions on Iran's oil exports, with benchmark Brent surging to a four-year high, before retraced gains after US President Donald Trump called again on OPEC to boost crude output.
Gold has edged higher as the dollar drifted ahead of a US Federal Reserve monetary policy meeting, but bullion's upside remained capped by strong US economic data that continues to underpin the greenback.
The Australian share market has closed flat, with the financial sector weighing on the market and offsetting strong gains from commodity-related stocks.
Australian shares opened flat after a tumble on Wall Street overnight, but local energy shares were on a good run with oil prices surging amid a global supply standoff.
Australian shares opened flat after a tumble on Wall Street overnight, but local energy shares were on a good run with oil prices surging amid a global supply standoff.
The S&P 500 and the Dow have closed lower after new US-China trade tariffs kicked in, dampening last week's hopes for talks between the two countries, and as investors awaited an expected interest rate hike by the Federal Reserve.
Global Benchmark Brent crude has jumped more than three per cent to a four-year high above $US80 a barrel after Saudi Arabia and Russia ruled out any immediate increase in production despite calls by US President Donald Trump for action to raise global supply.
Gold barely changed after the dollar dropped following remarks by the head of the European Central Bank, but then pared losses, although activity was muted ahead of a US central bank meeting this week.
Strong gains in the mining sector have lifted the Australian share market to finish the week higher as a major ratings agency upgraded its outlook on the country's credit standing and trade war worries recede.
A massive gold nugget worth at least $110,000 has been uncovered by a prospector in the northern Goldfields, weeks after Canadian gold miner RNC Minerals made an even bigger discovery near Kambalda.
