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ASX to open higher as Victoria rolls out $150 vouchers

·2-min read
The Victorian government has announced a plan to pay for up to 30 per cent of diners' meals. (Sources: Getty)
The Victorian government has announced a plan to pay for up to 30 per cent of diners' meals. (Sources: Getty)

Good morning.

ASX: The ASX is expected to start the week higher after a positive lead from Wall Street on Friday.

Shares rose 1.82 per cent over the week, with the ASX/S&P 200 closing 0.39 per cent higher to 7456.9. The All Ordinaries closed at 7777.2, up 0.4 per cent.

Wall Street: Wall Street recorded closing highs on Friday amid positive data for Pfizer’s COVID-19 treatment pill and a strong US jobs report.

This takes the Nasdaq and the S&P 500 to their seventh consecutive week of record high sessions.

The Dow Jones Industrial Average rose 203.72 points, or 0.56 per cent, to 36,327.95, the S&P 500 gained 17.47 points, or 0.37 per cent, to 4,697.53 and the Nasdaq Composite added 31.28 points, or 0.2 per cent, to 15,971.59.

Buyer woes: If you’re planning to buy a property, there’s one silly mistake that will cost you time and heartache. That’s looking at properties before applying for pre-approval. Here’s what you need to do instead.

Work from anywhere: Would you work from a campsite? The beach? A ski resort? According to a new poll, Australians are keen to work while going on a road trip - provided they have a solid internet connection. Here’s how one company is trying to make that happen.

Fruit picking: Australian teens have been urged to head into regional and rural Australia to do farm, hospitality and retail work, with industry hoping the scheme could become a ‘schoolies’ of sorts.

Scammer awareness: Australians lost more than $850 million to scammers in 2020 while business lost $130 million to payment-redirection scams.

To mark Scams Awareness Week, the Australian Banking Association is urging Australians and businesses to use secure payment methods.

Jobless rate: The latest unemployment figures will be released on Thursday, amid economists’ concerns it will shift slightly higher in October. Here’s what they forecast.

Dining overhauls: Diners in Victoria will be able to access up to $150 in dining vouchers as part of a state plan to reinvigorate the local economy. The 200,000 rebates allow diners to claim up to 30 per cent of their meal back.

And in NSW, businesses will move to one person for every two square metres restrictions, while fully vaccinated diners can book without number limits.

Have a great day.

With AAP.

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