Live: ASX to edge higher as US bonds surge
The Australian share market is set to edge higher ahead of the Reserve Bank's interest rate decision. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
The Australian share market, known as the ASX 200, is expected to open slightly higher during morning trading ahead of the Reserve Bank's interest rate decision. This comes as US bonds have surged following Wall Street's decline in the previous trading day. Oil prices are currently trading above $106 per barrel.
The Reserve Bank's board will announce their September interest rate decision at 2:30pm AEST, followed by a press conference by Governor Michele Bullock at 3:30pm. Throughout the day, the ASX 200 is projected to open at 8,727 points, with futures indicating a modest 0.1% increase.
As the market's live coverage continues, business reporter Adelaide Miller will provide updates on the blog, offering insights into the largest business, finance, and economic stories globally. Don't forget to check back for all the latest financial news and insights.
Written by urgent.news from ABC News AU's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
