Live: RBA governor speaks before parliamentary committee
The ASX is expected to open higher after Wall Street rebounded from Wednesday's sell-off.
Technology stocks led the gains as oil prices eased and US bond yields fell.
RBA governor Michele Bullock and other senior officials will face a parliamentary committee in Canberra this morning.
Follow the day's financial news and insights from our specialist business reporters on our live blog.
Disclaimer: this blog is not intended as investment advice.
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Market snapshot
By Lin Lin
By Lin Lin
- ASX 200 Futures: +0.5% to 8,815 points
- Australian dollar: flat at 71.12 US cents
- Wall Street: Dow Jones (+0.6%), S&P 500 (+1.1%), Nasdaq Composite (+1.7%)
- Europe: Stoxx 600 (+0.9%), DAX (+0.7%), FTSE (+1.2%)
- Spot gold: +1.8% to $US4,340/ounce
- Oil (Brent futures): -1.6% to $US104/barrel
- Iron ore: +0.5% to $US96.30 / tonne
- Bitcoin: +0.9% to $US76,444
- 10-year bond yield: US 4.94%
Prices current at around 7.15 AM AEST
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Markets recap: David Chau's finance report
By Lin Lin
By Lin Lin
Need a quick refresher on Thursday's finance headlines?
ABC's David Chau says the RBA is under increasing pressure to lift Australia's interest rates after today's rate hike in the United States.
Take a look.
ASX set to open higher
By Lin Lin
By Lin Lin
Happy Friday all!
Welcome to the ABC's business and finance blog.
Lin Lin here to take you through the latest market news from overnight and over the morning.
The ASX is set to open higher by 0.6%.
The Australian dollar rose 0.3% to 71.1 US cents.
Front and centre on the economic agenda, appearances by RBA governor Michele Bullock, RBA deputy governor Andrew Hauser and the central bank’s chief economist, Sarah Hunter, before the House of Representatives Standing Committee on Economics in Canberra today. That is scheduled to begin at 9:30 am AEST.
The ABC Business team will be keeping you updated on developments via this blog and across platforms.
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