The ASX is set to rise after Wall Street gained on Friday following major US banks posting better-than-expected profits. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
Good morning, welcome to the ABC's Markets blog. I'm Sue Lannin.Morgan and other banks rising following their quarterly results, which kicked off earnings season.
Australian shares climbed to their highest level in six weeks on Friday after US consumer inflation fell in December, prompting hopes that the US Federal Reserve could scale back its aggressive increases in interest rates.Join me for all today's market news.
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