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The Australian stock exchange is lower with falling bank shares dragging the market down.

The Australian share market has jumped nearly 2 per cent to a new high for 2016, boosted by investors looking for bargains among the big banks, and a cut to interest rates.

The Australian share market has opened lower.

The major banks have dragged the Australian share market lower after Westpac's half-yearly results missed expectations.

The Australian share market has opened lower.

The Australian share market has closed modestly higher, led by the banks, as investors await next week's RBA decision on interest rates and financial reports from three of the big four banks.

Broadspectrum shares have surged more than 30 per cent after the detention centre operator recommended the $769 million takeover bid it had previously rejected.

PHOTO ESSAY and MULTIMEDIA: Perth-based jewellers Linneys, Rohan Jewellery, Blennerhassett Fine Jewellers, and Vildosola Jewellery Atelier remain committed to local manufacturing, resisting the temptation to lower costs by shifting their operations offshore.

The Australian share market has opened lower.

The Australian share market has closed higher as a lift in iron ore futures in China boosted mining stocks, but market gains were curbed by the Bank of Japan's decision not to expand its economic stimulus policies.

Detention centre operator Broadspectrum faces an uncertain future as Papua New Guinea plans to shut down its Manus Island facility.

The Australian share market has opened higher.

Australia's big banks have dragged the Australian share market lower on increasing chances of an interest rate cut.

The Australian share market has opened higher.

The Australian share market has closed modestly lower as investors await Australian inflation data, a US decision on interest rates and US economic figures.

The federal government's future submarine project will be assembled in South Australia under French company DCNS, although there's still hope for Western Australian industry to win contracts.

The Australian share market has opened higher.

Western Australian corporate leader Geoff Rasmussen passed away on Friday night after a long battle with cancer.

The share market's good run has come to an end due to falls among the big miners.

The Australian share market has opened lower, mirroring overnight falls on Wall Street.

The share market has hit a new high for 2016 as energy and mining stocks continue to rally on higher commodity prices.

The Australian share market has opened higher.

A rally in iron ore prices has boosted the resources sector and pushed the share market higher.

The Australian share market has opened sharply higher.

The Australian share market has closed higher, boosted by a relief rally based on higher oil prices.

The Australian share market has opened higher.

The Australian share market closed lower, hurt by energy, mining and banking companies.

The Australian share market has opened lower.

The Australian share market closed higher for a fourth consecutive day, thanks to gains in resource giants BHP Billiton and Woodside Petroleum, plus retailers Wesfarmers and Woolworths.

The Australian share market has opened slightly higher, thanks to gains in biotechnology group CSL, retailers and some banking stocks.

PHOTO ESSAY: On March 19 2016, photographers and documentary makers gathered in cities around the world for the 24HourProject, to document and share in real time the ‘human condition’ of their city.

Strong gains by the big miners and major banks have pushed the Australian share market higher for a third straight session.