The Australian sharemarket finished stronger on Wednesday, shrugging off another rise in oil prices, after an unexpectedly sharp slowdown in US inflation fuelled gains on Wall Street.

Investors were buoyed by softer inflation numbers and record earnings from US banks; Oil hit a one-month high. Follow live updates.

The Australian sharemarket has opened stronger, shrugging off another rise in oil prices, after an unexpectedly sharp slowdown in US inflation fuelled gains on Wall Street.