The US markets rallied on Wednesday after the Federal Reserve announced it is raising interest rates by a quarter of a percentage point to address rising inflation.
The Nasdaq jumped 3.9%, the S&P500 added 2.24% and the Dow Jones rose 1.6%.
Bitcoin has also regained momentum this morning to trade above $41,000 US dollars as the incoming South Korean president vowed to deregulate the crypto industry and introduce favourable tax laws for crypto investors.
The Aussie dollar is buying 72.85 US cents.
In tech news, Spotify surged 7.8% on Wednesday after the audio streaming giant announced it has signed a stadium and shirt deal with Spanish football team, FC Barcelona. Under the deal the team will wear the Spotify logo on their shirts for the next four-years.
A spotlight on Starbucks as shares in the US-based coffee powerhouse soared a further 7.9% on Wednesday after the company announced its CEO Kevin Johnson is retiring after 5-years in the role, and that former CEO Howard Schultz will return to the role on an interim basis. JPMorgan also upgraded Starbucks shares to overweight following the news yesterday.
And Instagram has rolled out parental control systems for the first time, allowing parents to track how much time their children are spending on the app amongst other safety measures.