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Live: US stocks up after wage growth data, ASX to follow

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The latest US labour data shows wages are growing more slowly than expected, which is a sign the economy is cooling. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

Hello there!It looks like the ASX will open higher this morning, following gains on Wall Street.

The US markets jumped after new labour data showed wages growth slowed at the end of last year. This is a sign the economy is cooling and may mean the Federal Reserve will ease back on interest rate increases.P 500 gained 0.91 pc and the Nasdaq added 1.19 pc.

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