It's still too early to determine the full impact of Australia's elections on major banks' earnings and share prices, says Morningstar's David Ellis.
Oil fell, pressured by returning Nigerian and Canadian output and as traders looked to book profits.
Oil prices closed sharply higher after government data showed weekly U.S. crude stockpiles fell more than expected.
Gold prices would likely resume their bull run, ANZ said, amid lowered Fed rate hike expectations and the risky Brexit poll.
Bets against Australia's Big Four banks have piled up amid rising concerns that the country's property prices could be about to fall off a cliff.
The Federal Reserve's April minutes upped the prospect of an interest rate hike, sending the dollar higher and most Asia markets lower on Thursday.
Gold demand may not pick up until November in India, one of the world’s largest consumers.
Asian stocks mostly gained on Tuesday, with Australia's shares climbing and its dollar falling after the RBA cut interest rates unexpectedly.
Morningstar Australasia's David Ellis reckons the market was expecting far worse H1 results, and that it likes the new CEO's clear and decisive actions.
U.S. oil prices jumped over 6 percent on Friday, posting their largest weekly gain since February.
Sugar futures staged their biggest daily gain in nearly 23 years after forecasts suggested weather-disrupted supply may fall short of demand.
Asian markets closed mixed on Thursday as investors digested remarks from Federal Reserve Chair Janet Yellen and oil remained volatile.
Commonwealth Bank of Australia, the country's top mortgage lender, posted H1 cash profit of $3.4B, in line with expectations.
Oil prices were sharply lower in Asian trade, fueled by fears of Iranian output adding to existing oversupply.
Asia shares ended Wednesday mixed, with South Korea and Hong Kong in the red, while Australia rose. Japan shares ended the year's final session up.
Asian equities turned mixed on Thursday, dragged by a sell-off on the mainland, knocking the region's Christmas cheer before the holiday period.
Asian markets ended mixed on Thursday amid hopes for fresh European stimulus while new data reinforced expectations for tighter U.S. monetary policy.
Westpac posted a 3% rise in annual cash profit to a record A$7.8 billion, helped by growth in mortgages.
Macquarie posted a record first-half net profit that jumped 58 percent, helped by higher fee income and better financial market activity.
Lending growth at Australia's major banks is easing as the broader economy cools following the end of a mining investment boom.