ASX: The local market is expected to open lower this morning after a disappointing session on Wall Street overnight.
This comes after the local market , recovering from morning losses after the Reserve Bank (RBA) raised rates as expected but said it was not on a "pre-set path" when it came to monetary policy.
Wall Street: on Tuesday following a volatile trading session that saw the Nasdaq gain over 1 per cent at its highs and the Dow ultimately lose more than 1 per cent.
When the closing bell rang, the S&P 500 was down 0.66 per cent, the Dow off 1.22 per cent, and the Nasdaq down 0.16 per cent.
RBA rates: The RBA kept the door open for , tempering its language in its latest board statement as homeowners prepare for banks to react to the latest hike.
The RBA board on Tuesday to 1.85 per cent - its highest level in more than six years.
Productive: Australia's productivity has retreated over the past two decades and is now at its lowest rate in 60 years, a Productivity Commission (PC) report found.
The PC interim report found while to its lowest rate since the mid-20th century, improving performance was possible.
The commission said boosting productivity meant dealing with global challenges like decarbonising the economy, geopolitical tensions, supply chain disruptions as well as grappling with Australia's ballooning services sector.
Energy crisis: Gas companies are "poster child tax avoiders" which should be made to pay a greater share of revenue to fund essential services, according to Greens leader Adam Bandt.
Bandt is expected to tell the National Press Club today and royalties to help ease cost-of-living pressures for Australians.
Defence review: The Federal Government has announced a to ensure it's well positioned to meet future security challenges.
The review, the first since 2012, will be led by retired Air Chief Marshal Sir Angus Houston and former Labor defence minister Stephen Smith.
The Nasdaq and S&P; 500 have retreated to close lower on the realisation the Federal Reserve still needs to aggressively boost interest rates to fully tame rising consumer prices despite fresh evidence of cooling inflation.The S&P; 500 closed a tad lower on Thursday after earlier hitting fresh three-month highs following data that showed the US producer price index (PPI) unexpectedly fell in July.
IAG has returned to profitability after a loss the previous year, but will be returning a smaller dividend to shareholders.The insurance giant on Friday reported a $347 million net profit after tax (NPAT) in the 12 months to June 30, after a $427 million loss the year before, beating consensus estimates of a $248 million profit.
Wall Street has closed higher as signs that inflation may have peaked in July increased investor confidence that a bull market could be under way and spurred the S&P; 500 and the Nasdaq to post their fourth straight week of gains.5 per cent from a mid-June low, with the latest gains coming from data this week showing a slower-than-expected rise in the consumer price index and a surprise drop in producer prices last month.