Good morning, welcome to the ABC Markets Blog, I’m Sue Lannin.
The big news overnight is that X (the company formerly known as Twitter) is looking at charging users a small monthly fee to use the platform in order to combat bots and spam.
That’s according to owner Elon Musk, who raised the plans during a livestreamed conversation with Israeli prime minister Benjamin Netanyahu.
Mr Musk did not mention the timing of the plan to charge users or how much it would cost.
He also says that X has 550 million monthly users, but didn’t say how many of them are bots.
And US stocks went nowhere as investors await this week’s meeting of the US Federal Reserve, which is expected to leave official US interest rates on hold at 5 to 5.25 per cent.
All the major indices ended flat.
Spot gold is a bit higher, and oil prices jumped again as more production cuts loom.
While the Australian dollar slipped slightly to 64.35 US cents from a high of 64.49 US cents overnight.
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