Live: ASIC grilled over KPMG whistleblower scandal
Wall Street rallied overnight after a senior Federal Reserve official said he would support holding interest rates steady if upcoming data showed inflation pressures were easing.
Investors then dialled back expectations of another rate rise, helping push US Treasury yields lower and shares higher.
Back home, ASIC faces a day of parliamentary questioning over its handling of the KPMG audit leaks scandal.
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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Key Event
Markets Snapshot
By Lin Lin
By Lin Lin
- ASX 200: 0.2% to 9,036 points
- Australian dollar: +0.4% at 72 US cents
- Wall Street: Dow Jones (+1.2%), S&P 500 (+1.06%), Nasdaq Composite (+1.4%)
- Europe: FTSE (+0.7%), DAX (+0.6%), Stoxx 600 (+0.5%)
- Spot gold: +2.4% to $US4,519/ounce
- Oil (Brent crude): +0.15 at $US95.77/barrel
- Bitcoin: +5.47% at $US81,422
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