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ASX flat as Australia eyes travel bubble with Singapore

·1-min read
Scott Morrison speaks at an event in Perth, iconic sky trees in Singapore by the Bay and the ASX board
Prime Minister Scott Morrison is in talks to establish a new travel bubble with Singapore (Source: Getty)

Good morning.

ASX: The local market is set to start the day flat after the US shrugged off higher than anticipated inflation. Eyes on iron ore and oil stocks this morning after both commodities rose overnight.

Wall St: Wall Street stocks have ended firmer, with the S&P 500 hitting a record closing high, as economic data appeared to support the Federal Reserve's thoughts that the current wave of heightened inflation will be temporary.

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Travel bubble: Prime Minister Scott Morrison is in talks with Singapore to establish a new travel bubble between the two nations.

"There is nothing impeding us - as we discussed today - from getting on with the job of putting systems in place that will enable such a bubble to emerge between Singapore and Australia," Morrison said.

Students would get priority when the bubble was established.

$10.2 million: Hotels around the nation will benefit from a Federal Government grant to help reduce their energy bills.

Energy Minister Angus Taylor has announced 443 facilities had been given the green light for up to $25,000 in grants.

Carbon tariffs: Australia is gearing up to deal with a proposed EU carbon tariffs which would impose emission costs on imports of goods like steel and electricity.

The EU is looking to level the playing field with countries like Australia that have weaker carbon policies.

Living with an ex: Breaking up can be hard but is it worth it to still share a space to save some cash? Here are the real stories of Aussies that have done just that, and what they learnt.

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