Here’s Yahoo Finance’s Wednesday morning wrap.
The ASX is expected to dip at the open ahead of a bumper earnings day, with the SPI200 futures index down 7points to 6,062.
Domino’s, ANZ, CSL, Crown and the Reject Shop will post their earnings report today.
One Australian dollar was buying 72.42 US cents, up from 72.1 US cents at the close of trade on Tuesday.
In the US, the S&P 500 closed at a record high, miraculously rebounding from huge losses across the Covid-19 pandemic.
Amazon was the biggest winner on the market, rising 4.1 per cent, propelling the Nasdaq to its 18th record closing high since June.
Pensioners denied: Pensioners and JobSeekers will likely need to wait until March 2021 to see their bank balances boosted, as the aged pension will not be increased this September, the Department of Social Services has revealed.
In fact, the only welfare payment to receive a boost is the single parenting payment, which will rise by $3 per fortnight.
Job ads: The Department of Employment will today release its monthly vacancy report for July, which counts job ads on the internet.
The monthly report is expected to show the impact of Victoria’s second lockdown on the state’s job market.
Who will win the Bachelor? The Bachelor is back on TV and already the rumours are flying as to who will win. According to the bookies, Irena Srbinovska and Bella Varelis are the clear frontrunners in the race.
According to SEEK however, it’s all about the right skills, and these are the three contestants who are going to win Bachelor Locky Gilbert’s heart.
Joe Biden’s tax plan: The presidential candidate has a new plan to raise between US$3.35 trillion and US$3.67 trillion by raising high-income earners’ taxes.
Stock market lessons: 2020 is a disaster, but the stock market is soaring. Here’s the investing lesson the market has re-taught us this year.
Huang Xiangmo: You may not know this Chinese billionaire’s name, but he owes the Australian Taxation Office around $140 million, Federal Court documents show.
Have a great day.
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