Live: Wall Street closes higher after disappointing jobs report, ASX set to gain
Wall Street's key indices gained as rate rise expectations were wound back on soft jobs data. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
Good morning and welcome to the ABC markets and finance blog. Stephen Letts from the ABC business team is preparing to provide a detailed account of today's financial events. Although it's a public holiday across much of the nation, the ASX and the ABC Business Unit's Room 101 will remain busy, separating facts from fiction.
Wall Street concluded the week on a higher note after a jobs report that fell short of expectations dampened hopes for another Federal Reserve rate increase this month. The Australian Securities Exchange (ASX) appears set to continue its upward trajectory, with futures trading suggesting a 0.3% increase following Friday's 0.8% rally. There will be minimal data releases today, with only the Inflation Gauge and S&P Global's Australian services PMI scheduled for publication.
The day's financial news and insights will be covered in our live blog, offering a blow-by-blow recount of the events. Please note that this blog is not meant as investment advice.
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.
