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ASX down, inflation may peak and 5 other things to start your day

A composite image of the ASX board showing company price changes and a woman grocery shopping.
The ASX is expected to open lower this morning as we await inflation data. (Source: Getty)

ASX: The local share market is expected to open slightly lower this morning after modest losses in the US overnight.

Cost of living: The Australian Bureau of Statistics will release the latest monthly inflation data today, with experts predicting it may be nearing the peak.

The consumer price index could hit 7.4 per cent today after rising 7.3 per cent in the 12 months to September.

Not valid: Fines worth millions of dollars issued to thousands of people in New South Wales for breaching COVID-19 restrictions will be withdrawn.

Revenue NSW said 33,121 fines would be scrapped after a decision in the Supreme Court yesterday and millions of dollars would be refunded to those who already paid their fine.

Biosecurity: Speaking of fines, people caught bringing high-risk food products into Australia will face tough new laws, which include on-the-spot fines and civil penalties.

Failure to comply with the new requirements could result in an immediate $4,440 fine and civil penalties up to $266,400.

Fund activism: Professional investors are demanding companies step up and fix male-dominated boards, environmental harm and modern slavery lurking in supply chains.

The Responsible Investment Association Australasia released its first study on investor "stewardship" practices across Australia and New Zealand today, in partnership with KPMG.

Savings? It is not often you hear of government infrastructure projects that haven't gone over budget, let alone had some savings.

But that’s what happened in NSW. The next arm of Sydney’s underground rail network could be funded by modest savings from the $112.7 billion in infrastructure investments currently on NSW books.

Space race: China has sent a spacecraft carrying three astronauts to its space station for the first in-orbit crew rotation in Chinese space history.

This was the last of 11 missions, including three prior crewed missions, that began in April 2021 needed to assemble Tiangong - or the "Celestial Palace" as the multi-module station is known.

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