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Global crude oil prices have slipped slightly but have stayed close to multi-month highs as traders brace for a potential stockpile build, expected later this week.

Gold has fallen one per cent, touching a two-and-a-half-week low, as the US dollar strengthened and US Treasury yields rose ahead of a two-day Federal Reserve meeting, while a world stock market index surged to a record and Wall Street also hit new highs.

The Australian share market has closed higher as investors rotate from the mining sector into the big banks as expectations of interest rate hikes strengthen.

The Australian market has opened higher after key US markets hit fresh record highs amid easing concerns around North Korea.

Payroll tax dodgeThe State Government is considering tightening payroll tax exemptions amid concerns training organisations are promoting tax minimisation by signing up

The Australian dollar has inched higher to creep just above 80 US cents.

Gold prices have fallen after a European Central Bank (ECB) official calls for scaling back the bank's stimulus program, although losses were capped when weaker-than-expected US economic data raised questions about further interest rate hikes.

Brent oil prices have held near five-month highs and were on track for the biggest weekly gain since late July, on forecasts for rising demand and the gradual restart of US oil refineries.

The Australian share market has closed lower for a third consecutive session as North Korea's latest missile launch over Japan spooked investors.

In this Business News podcast Mark Pownall and Mark Beyer discuss Nev Power leaving FMG, safe harbour legislation, women on WA boards, stamp duty setback and labour markets.

The Australian share market has opened lower with investors nervous after North Korea fired a missile over Japan for the second time in a month, re-igniting geopolitical tensions.

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The Australian dollar is slightly lower against its US counterpart which enjoyed a brief boost from US CPI data before turning back lower.

Oil prices have risen, with Brent closing at a five-month high, as the US dollar weakened and after a string of reports forecasting the market would tighten further as fuel demand increased.

Gold has rebounded from a two-week low as North Korea threatened the United States and Japan, and the dollar softened despite strong US consumer inflation data, which could allow further interest rate increases from the Federal Reserve.

Allegations that late High Court judge Lionel Murphy had been involved in a tax avoidance scheme in Western Australia are contained in classified documents considered by a Parliamentary Commission of Inquiry released in Canberra today.

The Australian share market has finished slightly lower for a second day running as mining stocks dipped but better-than-expected jobs growth helped lift the Australian dollar back around US80 cents territory after an overnight dip.

Shares in Vocus Goup have held steady despite a proposed class action alleging the telecommunications provider engaged in "misleading and deceptive conduct" and breached disclosure obligations.

The Australian market has opened slightly lower, ignoring the positive lead of Wall Street and most major international bourses.

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Crude oil prices have risen after the International Energy Agency (IEA) said a global surplus of crude was starting to shrink, even though US data showed another big increase in domestic inventories due to Hurricane Harvey.

Gold prices have fallen to a one-and-a-half-week low, erasing earlier gains as the US dollar index jumped, though a retreat in global stocks after Tuesday's record high prevented deeper losses.

The share market surrendered its early gains to close relatively steady as investors practised caution ahead of US inflation data and Australian jobs figures out later in the week.

The Australian market has opened higher follow a solid lead from Wall Street and European stock markets.

$171bn cash cowWA taxpayers have pumped $171 billion into running the Federation over the past decade as almost every other State and Territory has enjoyed an economic

The Australian dollar is slightly lower as the US dollar rallies driven by a rise in US Treasury yields.

Oil prices rose on Tuesday after OPEC forecast higher demand in 2018 and Russia and Venezuela confirmed their commitment to a production-cutting deal to reduce the global crude glut.

Gold bounced up from the lowest level in more than a week on Tuesday as the US dollar pared gains and US President Donald Trump said UN sanctions on North Korea are "nothing compared to what ultimately will have to happen."

The share market has closed higher for a second consecutive session, due to strong gains by the banks and miners.

Australian shares have got off to a good start as investors look to build on a solid lead from Wall Street overnight.

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Oil prices have risen as key US refineries began restarts following Hurricane Harvey, which may help revive crude oil processing, while fuel prices fell as Hurricane Irma is likely to clip demand for petrol and diesel.