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ABC News
ABC News
Business
business reporters David Chau, Kate Ainsworth, and wires

ASX recovers as fears of rapid US rate hikes and bank crisis subside

Silicon Valley Bank Inflation US Federal Reserve David Chau United States the Federal Reserve

The local share market has recovered slightly from yesterday's heavy losses, while the Australian Energy Regulator has revealed power prices will rise by around 20 per cent in several states.

Wall Street rebounded overnight as largely on-target inflation data and waning fears over contagion in the banking sector cooled investors' nerves.

See how the trading day unfolds on our live blog.

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