Wall Street kicked off the week higher with all three major indexes gaining over 1%, buoyed by bargain hunting following last week's sharp sell-off. Attention now shifts to this week's CPI data for more clues on the size of the Fed rate cut. The Dow Jones gained 484 points (+1.2%). Up 655 points at best. The S&P 500 rose 1.16% snapping a five-day losing streak after its worst start to a September on record. The NASDAQ rose 1.16% with Nvidia +3.5% and Tesla +2.6% leading gains. Apple finished flat after falling ~2% as it unveiled its AI-boosted iPhone 16 with improvements in its Siri personal assistant, beginning in test mode next month. Small caps Russell 2000 edged 0.30% higher and the VIX slumped 13.1%.

ASX SPI up 78

Local: Westpac consumer confidence August at 10.30am, NAB business confidence and conditions August at 11.30am.

• Anglo American hired advisers to sell two nickel mines in Brazil, says country head.
• Oil prices edge up as storm approaches US Gulf Coast after week of heavy losses.
• Traders see oil prices at $60-$70/bbl on oversupply, China demand risks.
• China lithium prices hit new low on macro concerns, surging supplies.
• China plans to include steel, cement and aluminium in its carbon market in 2024.
• Gold prices steady with spotlight on US inflation data.
• Copper bounces as market looks ahead to US inflation data.
• Chile copper exports hit $4.27bn in August.

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