Live updates: Wall Street keeps lifting, Bank of England holds rates steady and ASX set to rise

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The Bank of England holds interest rates steady but the governor is 'optimistic' about interest rate cuts while US indices lift, continuing a strong run. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

The Bank of England held interest rates steady, but the governor's suggestion he was "optimistic" about interest rate cuts got the market moving.Follow the day's financial news and insights from our specialist business reporters on our live blog.Australia's gas export industry has a history as explosive as the power of the substance.

If you're wondering about the different sides of the economic debate my colleague Ian Verrender has a great explainer of some of the mistakes that have been made... and what they mean now.Leaders of councils across the nation have signed an open letter calling on the federal government to reform taxes on fossil fuels to help fund local communities .It's seen us become the largest LNG exporter in the world, it's made enormous changes to places like Gladstone in Queensland and yet...

"To date, not a single LNG project has paid any PRRT and many are not expected to pay significant amounts of PRRT until the 2030s." Think-tank the Australia Institute organised the letter, which has been signed by mayors and local council leaders from across the nation.Daniel Ziffer from the ABC's business team.Overnight the key Dow Jones index in the US lifted +0.9%, the broader S&P 500 was up +0.5% and the tech-packed Nasdaq is up +0.3%.Jake's support worker tells him to settle down.

Jake and Callum Robinson's deaths have raised questions over cartel involvement. A former detective explains whyUnlocking the code of the 'super pooper' could usher in new wave of gut health treatmentsGood things come in threes? Not for this outback family hoping the tourist season will finally bring a fresh start

 

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ASX 200 LIVE: Reserve Bank board weighed interest rate rise: BullockShares advance over 1 per cent, $A falls; Reserve Bank revises inflation forecast; ANZ records 7 per cent cash profit decline in first half results. Follow updates here.
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