ASX: The local market is set to open higher this morning after Wall Street rallied for a second straight day.
Aussie stocks finished in the green yesterday as global markets recovered from volatility earlier in the week.
AUD: The has been sitting flat, up around 0.005 per cent buying around 73 US cents.
Wall St: overnight as investors appeared relieved about the Federal Reserve's stance on easing stimulus measures and raising interest rates.
The rose 506.5 points, or 1.48 per cent, to 34,764.82, the gained 53.34 points, or 1.21 per cent, to 4,448.98 and the added 155.40 points, or 1.04 per cent, to 15,052.24.
Net zero: Federal Treasurer Josh Frydenberg is set to send a confusing message by backing a net zero target by 2050 while also .
Frydenberg said businesses that recognise climate change-triggered trends will have the most promising futures.
"At the same time, there is a message to Australian banks, super funds and insurers," he is expected to tell the Australian Industry Group on Friday.
"If you support the objective of net zero, do not walk away from the very sectors of our economy that will need investment to successfully transition."
Twitter backs Bitcoin: Some Twitter users will be able to as it rolls out its new tipping feature.
It will allow users to “tip” users whose content they enjoy, and will be able to do so in Bitcoin as well.
The option will appear as a cash icon on profiles, which links up to several third party online payment services, including Cash App and Patreon.
Twitter said it would not take a cut from payments.
Double your annual leave: International borders are and Australians are now eagerly planning their overseas holidays or domestic jaunts.
If you’re looking to log your annual leave early, we’ve looked at the 2022 national public holidays and worked out just how you can turn 11 days of annual leave into 30 days off, simply by capitalising on public holidays and weekends.
Tombola Gold Ltd (ASX:TBA) is pleased to announce positive results from the first two drill holes of a four-hole drilling program at the Mt Scheelite Target, within the highly prospective Golden Mile Complex in Cloncurry, Queensland.
Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) announces that joint venture approvals have been provided for Santos as operator to carry out certain key activities related to the planned drilling of three sub-salt exploration wells in 2023.
Crowd Media Holdings Limited (ASX:CM8) (FRA:CM3) is pleased to announce the execution of two separate commercial agreements for its artificial intelligence Talking Head platform to be integrated into the media search sector and NFT marketplace.
Nova Minerals Limited (ASX:NVA) (FRA:QM3) (OTCMKTS:NVAAF) is excited to announce the recommencement of drilling at the Company's Estelle Gold Trend, located in the prolific Tintina gold belt in Alaska.
Australia Sunny Glass Group Ltd (NSX:AG1) is one of Australia's leading manufacturers and suppliers of specialist architectural glass products to the commercial and residential building industry, predominantly in the east coast markets of New South Wales and Victoria.
Allowing citizens to dip into their retirement accounts to help them afford their first home is common practice overseas, but experts say it's hard to know the extent to which they've jacked up house prices.The Morrison government's election-eve proposal to allow Aussies to withdraw a portion of their super for a first home deposit has prompted fierce debate, with the superannuation industry and some housing advocates claiming it would raise house prices.
Wall Street has rallied to end higher, capping a week of wild market gyrations as relief at signs of peaking inflation vied with fears that policy tightening by the Federal Reserve could tilt the economy into recession.Gains were led by a rebound in megacap tech and tech-adjacent stocks, which sold off in recent sessions amid climbing benchmark Treasury yields and the possibility of the Fed hiking interest rates more aggressively than previously anticipated.
Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CNPTF) advises that on 16 May 2022, the Palm Valley 12 (PV12) well in OL3, Southwest of Alice Springs in the Northern Territory, had reached a depth of 1,687m at 0600 hrs ACST in the Lower Stairway Formation.