Global
Oil price surged
OPEC+stick to an existing pact for a gradual increase in oil output, oil price surged.
West Texas Intermediate crude surged up US$1.87 or 2.47% to US$77.59/barrel, the highest since 2014. Brent Crude surged US$2.13 or 2.69% to a three-year high of US$81.27/barrel.
Facebook services offline
Facebook’s social media services Facebook, WhatsApp and Instagram went down for 6 hours, now backed online. Facebook share down more than 5% intraday.
A former Facebook whistleblower has revealed her identity, accusing Facebook of prioritizing growth over safety.
US stocks
The S&P 500 fell 1.30%, hitting a new closing low since July 19. The Dow Jones fell 0.94%. The Nasdaq fell 2.14%.
Australia
Dominic Perrottet as the new premier of NSW
NSW Treasurer Dominic Perrottet has been voted in as the state Liberal Party’s leader and became the new premier.
ASX low
The S&P/ASX200 is lower today, dropping 60.40 points or 0.83% to 7,218.10. The bottom performing stocks in this index are IDP EDUCATION LIMITED and AFTERPAY LIMITED, down 5.87% and 5.20% respectively.
Record trade surplus
ABS report a record trade surplus in August of $15 billion, an increase of $2.4 billion on July, due to strong energy demand and cereal needs.
