ASX to rise, Fed policymakers leaning towards September rate cut

News Snapshot:

Pinned post – 7.15AM Australian shares are poised to rise. US stocks were higher in afternoon trade after revisions to jobs data mostly met expectations, bolstering the view that the labour market is cooling and the path for the Federal Reserve to begin cutting interest rates next month continues to widen. Gold hovered near its record high, oil fell, iron ore bounced. Bitcoin edged above $US61,000, then eased. In New York, the S & P 500 gained 0.4 per cent to 5620, the Nasdaq Composite gained 0.6 per cent, to 17,918 and the Dow Jones Industrial Average rose 0.1 per...