The Australian share market is set for a muted open, while the Reserve Bank is almost universally tipped to keep interest rates on hold when it releases its decision today at 2:30pm AEDT.Disclaimer: thisLive updates on the major ASX indices:The Australian Energy Regulator has suggested modest decreases in benchmark power prices for some customers but increases for others.
Google's parent Alphabet provided a sizeable boost to the market after a media report that Apple is in talks to build Google's Gemini AI engine into the iPhone. Tesla shares also helped boost indexes as shares in the electric carmaker gained after it said it would soon increase the price of its Model Y EVs in parts of Europe.
Investors were torn between enthusiasm about the prospects for AI on the technology sector and worries ahead to the Federal Reserve's statement and commentary on Wednesday, according to Lindsey Bell, chief strategist at 248 Ventures in Charlotte, North Carolina.