Yahoo Finance ASX to fall amid new NSW pub restrictions
Good morning.
Here’s Yahoo Finance’s Tuesday morning wrap.
The ASX is expected to fall early, after US stocks finished lower on extended closures of indoor venues to slow the spread of coronavirus.
Today, investors will be waiting on weekly jobs and wages data to be released by the Australian Bureau of Statistics.
One Australian dollar was buying 69.40 US cents at 0700 AEST, lower from 69.75 US cents at the close of trade on Monday.
In the US, the S&P 500 and the Nasdaq finished lower, weighed down by tech giants Amazon and Microsoft. It comes as California extended venue closures and the White House rejected nearly all Chinese claims in the South China sea.
‘Not a new start’: Anglicare has warned a cut to the JobSeeker payment in September would lead to a national crisis, as the charity’s latest survey revealed two-in-three people who came to use its services were out of work.
"Once people were on Newstart it really wasn't a new start at all," executive director Kasy Chambers told AAP.
NSW pub rules: The NSW government will introduce stricter operating rules for pubs after more than 20 Covid-19 cases were linked to an outbreak at a Sydney pub.
The new rules are expected to be announced today.
Tesla: Almost 40,000 Robinhood, or day trading, accounts added Tesla shares during a single four-hour span on Monday, new data revealed.
But the one-day return may not have turned out so well: Tesla was up as much as 16% at one point before paring gains through the day and finishing 3% lower.
Ski injury to sell-out item: A former professional skier put on 25 kilograms and was diagnosed as a pre-diabetic after a career-ending injury after eating snacks she thought were healthy, but were actually packed with sugar.
That led her to launch Krumbled Foods’ Beauty Bites - snacks that include edible collagen. Within three weeks of launch, the product sold out.
Have a great day.
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