The nation's second-largest company Commonwealth Bank has announced a $10.9 billion full-year profit. The Australian share market will start its day lower on fading optimism about the Strait of Hormuz reopening soon. Follow live.

Shares to rise with Westpac tipped with $1.9b cash profit; $A hits two-month high; Wall Street up; Car Group to post earnings. Follow updates here.

The nation’s biggest lender and the second-biggest stock on the local market said economic growth is slowing due to higher interest rates and inflation, setting a sombre tone for…