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Welcome to the ABC business blog for Wednesday October 29. The Australian share market is set to rise at the open after gains on Wall Street. Tech boosted the US stock market as Open AI Group and Microsoft reached a deal which gives the latter a 27 per cent stake in the AI company. Apple has also crossed $US4 trillion in value. The S&P 500 topped 6,900 for the first time as investors got in the day before the Fed Reserve's next rate decision. Locally, quarterly CPI is set to dominate and influence markets. The much awaited read on consumer prices comes out at 11:30am AEDT. Grab yourself a coffee. I'll be back with more market moves and business news shortly.
