Federal Reserve and Australian Share Market

: And the Australian share market looks set to open higher after Wall Street finished a choppy session with solid gains as investors looked ahead to the Federal Reserve policy meeting this week, according to Nine News Australia. At 0645 AEST on Monday, the September share price index futures contract was up 25 points at 5,093. At 0630 AEST on Monday, the local unit was trading at 70.83 US cents, up from 70.61 cents on Friday. BEIJING - China has unveiled broad reform guidelines for state-owned companies aimed at making them more globally competitive and increasing transparency in a powerful sector of the world second-largest economy. WASHINGTON - Official data shows US producer prices were unchanged in August as rises for clothing and food offset a decline in energy costs. BEIJING - China industrial production, which measures output at factories, workshops and mines in the world second-largest economy, rose 6.1 per cent year-on-year in August. (news.financializer.com). As reported in the news.

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