Australian wages rose at the slowest annual pace in more than two years, despite unemployment remaining at historical lows, adding to the chances of future rate cuts.

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.

UK stocks have continued to bounce around in a pretty narrow range all day, with the FTSE 100 flat and the FTSE 250 a touch lower. US stocks have opened higher, with the S&P 500 up by 0.1% and the Nasdaq 100 rising 0.2%.