Australian shares recover bulk of week's losses

The top-200 finished the week roughly six points lower, or less than 0.1 per cent.

The Friday lift came after Wall Street's three main indices hit record highs overnight as subdued US August inflation figures cemented expectations for a 25 basis points rate cut on September 17. 

Six of 11 local sectors finished the day in the green, led by financials (up 1.1 per cent) materials (up 1.5 per cent), and real estate stocks (up 1.4 per cent), as energy stocks slipped 2.4 per cent after demand concerns snapped a three-day oil price winning streak.

The Australian dollar is buying a 10-month high of 66.59 US cents, up from 66.12 US cents on Thursday at 5pm.