Drew Meredith

The Commonwealth Bank of Australia (ASX: CBA) share price and ASX bank shares have been weighing on the market, or All Ordinaries (INDEXASX: XAO).

The Australian share market or S&P/ASX 200 (INDEXASX: XJO) fell modestly on Friday but is expected to post a positive result on Monday morning at the open. BHP Group (ASX: BHP) will be a focal point.

The S&P/ASX200 (INDEXASX:XJO) fell 0.7% on Thursday. Washington H. Soul Pattinson & Co. Ltd (ASX:SOL) shares were a standout, with the holding company notching up a record profit. SPI ASX 200 futures contracts are pointing down on Friday.

The S&P/ASX200 (INDEXASX: XJO) delivered a strong gain to open the week higher. Westpac Banking Group (ASX:WBC) shares were once again in focus.

Has the Reserve Bank of Australia (RBA) finally put an end to its interest rate hikes? The S&P/ASX 200 (INDEXASX: XJO) is bouncing and Costa Group (ASX: CGC) is a takeover target.

News that the Chinese government was committed to supporting a slowing economy with economic stimulus were enough to drive both the All Ordinaries and S&P/ASX200 to a 0.5% gain.

The local share market managed a 0.9% gain, taking it to a five-month high on the back of another confirmation of falling price levels and inflation.

The local share market posted another strong day, adding 0.7%, as news of the Federal Reserve potentially pausing rate hikes boosted the property and technology sectors, up 3.3% and 2.2%, respectively.

The local share market snapped its losing streak, with both the All Ordinaries (INDEXASX: XAO) and S&P/ASX200 (INDEXASX: XJO) gaining 0.4% on a settling of bond yields and the latest Reserve Bank meeting minutes.