Australian shares have recovered from earlier losses to close marginally higher following the Reserve Bank's cash rate decision.

An increase in global risk sentiment has led the Australian share market higher with strong gains from the banking and energy stocks.

The share market has fallen as drops by financial and resource companies offset continued support for energy companies.

The share market has surged thanks to strong gains among oil, gas and mining stocks following OPEC's decision to cut production.

The share market has closed only slightly higher despite strong early gains.

The Australian share market has closed lower after the first US presidential candidates' debate.