After last week's 3 per cent fall, the ASX looks likely to open higher on the back of a late rally on Wall Street. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
S&P 500: +1.1% at 5,931 pointsSpot gold: +1.0% to $US2,621/ounce Bitcoin : -1.8% to $US94,839Sun 22 Dec 2024 at 9:21pmA much shorter than usual diary for this week — basically there's nothing much apart from some second tier US data in coming days.Fortunately, the RBA has come up with a stocking stuffer.But don't rip through it too quickly, savour it like a Christmas feast, as the next data drops will be house prices on January 2 and the monthly inflation indicator out on January 8.
Before the Personal Consumption Expenditure Price Index — the Fed's preferred measure of inflation — came in showing a 2.4% rise in November, the market had glumly pushed back its expectations of the next cut to December 2025.The late session surge looks like flowing through to the local market with theThat will be a relief given the index dropped almost 3% last week, its worst weekly performance since April.
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