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ASX falls amid Bitcoin panic and more talk on jab incentives

·Contributing editor
·2-min read
Bitcoin markets panic amid new proposed rules. Source: Getty/Yahoo Finance
Bitcoin markets panic amid new proposed rules. Source: Getty/Yahoo Finance

Good morning.

Here's everything you need to know about finance markets for today.

ASX: The Australian share market looks set to fall on Thursday. According to the latest SPI futures, the ASX 200 is expected to open the day 13 points or 0.2 per cent higher this morning.

Global markets: Wall Street's main indexes have closed mostly lower as data signalled a sharp slowdown in jobs growth. The Dow Jones fell 0.92 per cent, the S&P 500 lost 0.46 per cent. The Nasdaq added 0.13 per cent. Meanwhile, European markets continued their upward trajectory for the week. The FTSE 100 has risen 0.3 per cent by the closing bell. The DAX was up 0.9 per cent and the CAC rose 0.4 per cent.

Aussie dollar: The Australian dollar is trading at 0.7376 to the US dollar as at 7am this morning.

Bitcoin panic: The price of Bitcoin has taken a hit amid increasing concerns about the impact of a proposed $675 billion infrastructure bill set out by US President Joe Biden.

No jab, no job: Canned food producer SPC will become the first non-health-related business to ban employees from the workplace unless they are fully vaccinated for COVID-19. The mandate will be effective from the end of November, the company announced on Thursday.

Jab incentives: Cash or other incentives to boost COVID-19 vaccinations appear to still be on the table but the man in charge of Australia's jab rollout insists they're not necessary yet, as demand continues to outstrip supply. Yesterday, COVID-19 Taskforce Commander Lieutenant-General John Frewen said incentives were "something we will consider".

Have a great day.

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