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AAP
AAP
Business
Adrian Black

Australian shares inch higher as caution reigns

The Australian share market has closed out the week with modest gains. (Lukas Coch/AAP PHOTOS)

Australian shares have clocked a second week of modest progress, as global bond yields, stubborn oil prices and local economic woes cap investor confidence.

The S&P/ASX200 rose 55.7 points on Friday, up 0.64 per cent, to 8716.6, as the broader All Ordinaries advanced 54.5 points, or 0.62 per cent, to 8877.7.

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