Live: ASX set to rise, ASIC fronts KPMG inquiry

Wall Street rallied overnight after a senior Federal Reserve official said he would support holding interest rates steady if upcoming data showed inflation pressures were easing. Investors then dialled back expectations of another rate rise, helping push US Treasury yields lower and shares higher. Back home, ASIC faces a day of parliamentary questioning over its handling of the KPMG audit leaks scandal. Follow the day's financial news and insights from our specialist business reporters on our live blog.Disclaimer: this blog is not intended as investment advice.Fri 4 Sep 2026 at 6:26amFri 4 Sep 2026 at 6:26amMarkets SnapshotASX 200: 0.2% to 9,036 points Australian dollar: +0.4% at 72 US centsWall Street: Dow Jones (+1.2%), S&P 500 (+1.06%), Nasdaq Composite (+1.4%)Europe: FTSE (+0.7%), DAX (+0.6%), Stoxx 600 (+0.5%)Spot gold: +2.4% to $US4,519/ounceOil (Brent crude): +0.15 at $US95.77/barrelBitcoin: +5.47% at $US81,422Prices current at around 6.30 AM AESTFri 4 Sep 2026 at 8:03amFri 4 Sep 2026 at 8:03amICYMI: Thursday finance with David ChauThe ASX managed to snap its three-day losing streak, while scandal-plagued Corporate Travel Management saw its share price plunge 85 per cent in one day.You can catch up below:Fri 4 Sep 2026 at 7:48amFri 4 Sep 2026 at 7:48amKPMG inquiry agendaHere is the schedule for today's hearings for the parliamentary committee examining KPMG.The corporate regulator will face an extended parliamentary hearing in Sydney, with ASIC chair Sarah Court and senior executives appearing before the Parliamentary Joint Committee on Corporations and Financial Services.ASIC is scheduled to appear from 9:30am through to 4:30pm, with breaks, giving MPs and senators several hours to question the regulator about its enforcement record, regulatory oversight and other issues involving Australia's corporate and financial sector.The hearing begins at 8:30am with Diversa Trustees.Public Hearing Agenda (Parliamentary Joint Committee on Corporations and Financial Services)Fri 4 Sep 2026 at 7:35amFri 4 Sep 2026 at 7:35amASX to riseGood morning everyone and happy Friday!Business reporter Lin Lin here to guide you through the morning on the markets blog, where we cover the latest business, finance and economic news in Australia and globally.On Wall Street, equities moved higher, while Treasury yields retreated, as investors grew hopeful that the Fed Reserve may leave interest rates unchanged this month following comments from a senior official at the US central bank.The ASX is expected to follow suit, with futures pointing 0.2% higher. The Aussie dollar is hovering around 72 US cents. Tune in today for special coverage of a federal parliamentary inquiry looking at the KPMG audit leaks scandal engulfing the firm. It will kick off at 8:30am AEST.