Australian shares open down 0.5 per cent. Wall St slides as services data challenges rate step-down bets. oil slumps below $US80. RBA rate decision ahead, 25 basis point increase widely expected. Follow for updates.
ASX opens lower as US stocks close lower in late sell-off. AGL blames strike on ‘couple of large shareholders’, needs $20b over 12 years. Incitec Pivot demerger timeline blows out. CBA’s profit rises 2pc to $2.5b, shares rise. Life360 dives 9pc. Follow for updates.
Chinese ambassador Xiao Qian says US House Speaker Nancy Pelosi’s Taiwan visit “infringes upon China’s sovereignty”; says there’s “absolutely no room” to compromise on Taiwan. Follow updates here.