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Good morning and welcome to another week — it’s Monday, September 11, and you’re reading the ABC’s markets and business blog.
Let’s start with a look back on the US markets and how they finished on Friday.
In a word, they were up, thanks to higher oil prices and market anticipation for a big week ahead.
One of those events is Apple and its iPhone 15 launch happening on Tuesday, which saw the markets close higher by 0.4%.
But other tech stocks, namely Nvidia and Tesla, fell more than 1% each, and Block shares also dipped by 5.3% after grappling with a system outage.
All up, the Dow Jones was up 0.2%, the S&P 500 gained 0.1%, and the Nasdaq added 0.1%.
On Saturday, we saw the consumer price index out of China for August, which saw a 0.1% rise from a year earlier.
That’s reversed a decline seen in July, where it was down by 0.3%, and was the biggest deflation in the economy in about two years.
Back home, we can expect a slightly higher start on the local market to begin the week, with the ASX SPI futures up by 0.1% at 7,154 points.
There’s also very limited economic data coming out today, but for a third week pressure is remaining on Qantas — namely the company’s board — over Alan Joyce’s bonus, and what it knew about the ACCC’s investigation into ghost flights.
Stick with me throughout the day and let’s see how Monday unfolds (and leave me a comment about how your weekend was — *especially* if you are deep into footy finals like me).
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