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ASX to open lower as celebs with crypto ties named

Here's what you need to know this morning. (Source: Getty)
Here's what you need to know this morning. (Source: Getty)

Good morning.

ASX: The ASX is poised to start the week lower after a soft lead from Wall Street on Friday as materials and healthcare sectors dragged on the market.

The benchmark S&P/ASX200 index closed down 166.6 points, or 2.27 per cent, to 7175.8 points on Friday. The All Ordinaries index closed lower by 178.8 points, or 2.33 per cent, to 7490.1 points.

Wall Street: US indexes finished sharply lower on Friday after Netflix released a dismal earnings report.

The Dow Jones Industrial Average fell 450.02 points, or 1.3 per cent, to 34,265.37, the S&P 500 lost 84.79 points, or 1.89 per cent, to 4,397.94 and the Nasdaq Composite dropped 385.10 points, or 2.72 per cent, to 13,768.92.

State of the states: Which Australian state or territory has the strongest economy? The Commonwealth Bank has run the numbers and found it. Hint: it’s not NSW or Victoria.

Cash rate: The Australian Bureau of Statistics will release new inflation figures this week, and they could lead to an interest rate hike, according to some economists. This is what you need to know.

Climate risk: Nearly three in four business executives believe the world is at a tipping point for fighting climate change, according to a new survey. And two thirds expect global warming will have a high impact on their company. Here’s why business leaders remain optimistic.

Scam warning: Have you received a strange email in your inbox telling you you have ‘pending’ messages. Yeah, it’s probably a scam. Here’s what you should do.

Bill Gates: There are signs the Omicron wave could be past its peak, but according to Bill Gates, there’s no time for complacency. He has a warning for the entire world about future pandemics.

Crypto stars: Cryptocurrency has gone from unknown to a common investment in the space of a few years, and part of that recent boom has been due to celebrities. Here are all the celebrities that have got in on the crypto action.

Airbnb’s prediction: How does the future look, according to Airbnb? It’s simple: more flexibility. In particular, people are booking longer holidays and working from wherever they’re staying. This is the story.

Have a great day.

With AAP.

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