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The Australian share market has opened lower, weighed down by falls in energy stocks, and concerns over the cancellation of the US-North Korea summit.

The Australian dollar is slightly higher despite falls on Wall Street, which were sparked by the cancellation of the US-North Korea Summit.

Oil prices fell about $US1 on Thursday, with expectations building that reduced supplies from Venezuela and Iran could prompt OPEC to wind down output cuts in place since the start of 2017.

Gold prices surged on Thursday, propelled above $US1,300 per ounce as the US dollar faded after US President Donald Trump called off a summit with North Korea, stoking political tensions.

Part-time rise in State job market

The Australian share market has closed slightly higher as weakness among the banks, miners and energy companies was offset by gains by retailers and industrial stocks.

The Australian share market is slightly lower amid weaker base metals prices and further falls for the big four banks.

The Australian dollar is higher after Wall Street made modest gains as it appear less likely the US Federal Reserve will increase the pace of its interest rate hikes this year.

Oil benchmarks fell on Wednesday after an unexpected build in US crude and gasoline inventories despite strong demand, and as traders weighed a possible increase in OPEC crude output to cover any shortfalls in supply from Iran and Venezuela.

Gold prices rose on Wednesday as the US dollar backed off its highs against a basket of currencies while investors interpreted minutes from the US Federal Reserve's latest policy meeting as dovish.

Westfield ‘done deal’ for Unibail

The Australian share market has closed slightly lower as energy shares tumbled after Santos rejected a $US10.9 billion takeover offer.

The Australian market has opened fractionally higher as gains in base metal prices lifted the big miners and US President Donald Trump's trade war comments spooked Wall Street investors.

The Australian dollar is slightly lower after Wall Street fell, weighed down by comments from US President Donald Trump about the US-China trade talks.

Brent crude prices settled slightly higher on Tuesday after a volatile session in which potential supply concerns surrounding Venezuela and Iran jockeyed with comments from President Donald Trump, who said he was not pleased with US-China trade talks.

Gold prices have steadied just above their lowest point for the year as the US dollar fell from a five-month high, although risk appetite in the broader financial markets kept the metal's gains in check.

Santos rejects $14.5bn Harbour bid

The Australian market share has posted its largest daily fall in seven weeks due to weakness for Telstra, the major banks and mining giants.

Australian shares have opened lower, shrugging off improvements seen on most global markets overnight including strong gains on Wall Street. 

The Australian dollar is higher, after US stocks, oil and copper prices gained ground overnight.

US crude hit its highest level since 2014 on Monday amid rising concerns that Venezuela's oil output could fall further following the country's presidential election and potential sanctions on the OPEC-member nation.

Gold price have hit a new low for the year to date after US Treasury Secretary.

CBA ‘had no ulterior motive for loan default’

The Australian share market has closed steady, with strong gains by the healthcare and utilities sectors countering yet another fall by Telstra and weakness among the banks and miners.

Esperance-based FGS Contracting and a company director have been fined more than $300,000 over the serious injuries sustained by one of the company's workers in 2016.

Former Business News 40under40 winner Sally Capp has been elected as Melbourne’s lord mayor, joining a growing list of past winners who have gone on to bigger things since claiming the award.

Vocus Communications has appointed former Optus boss Kevin Russell as managing director and chief executive, three months after Geoff Horth quit the broadband provider in the wake of an earnings warning.

Australian shares have opened lower, dragged down by the banks and after all three major US stock indexes posted a weekly loss as the markets grappled with US-China trade talks.

Gold prices rebounded on Friday, as the US dollar eased after Italian political tension sparked a sell-off in the country's bond markets and investors sought a safe haven in bullion.

The Australian dollar is flat after Wall Street stocks finished Friday's session flat or in negative territory.

Oil prices fell on Friday, but Brent crude marked its sixth straight week of gains, boosted by plummeting Venezuelan production, strong global demand and looming US sanctions on Iran.

Property cooling spreading