Good morning and welcome to the ABC’s markets blog!

I’ll be with you this morning to help you get across the day’s business and finance news.

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(That’s me, waking you up, to share the day’s news)

Firstly, it looks like global markets have been continuing to recover from last week’s volatility. 

Stock markets had a wild ride this time a week ago, driven by a plunge in Japan, off the back of weak US jobs data.

Markets were much more subdued in the US today, as investors await key inflation data that will give a strong indication of whether or not their central bank will cut interest rates next month (at the moment the expectation is the data – out Wednesday – will show a month on month rise in inflation to 0.2%).

The S&P 500 closed flat, the Dow Jones was down 0.4% and Nasdaq UP 0.2%

The local share market is expected to open flat.

Brent Crude is up 2.8% to $81.89 US dollars a barrel – the fifth consecutive trading day of higher prices, due to geopolitical uncertainty.

There are some figures out that we’ll keep our eyes on: wages and business confidence data here, jobs data in the UK today and inflation data out of the US Wednesday.