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AAP
AAP
Business
Derek Rose

Australian shares finish financial year up 7.8 per cent

ANZ IAG Mining Suncorp
Morning gains faded on the last trading day of the financial year, ahead of a US inflation report. (James Gourley/AAP PHOTOS)

The local share market has finished the last day of the financial year barely in the green, with its morning gains fading ahead of another US inflation report and amid uncertainty about Joe Biden's political future.

The S&P/ASX200 had been up by as much as many as 59.4 points, or 0.7 per cent, abound lunchtime on Friday, but faded into the close.

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