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ASX to rise as 6 to face court over $178 million jewel heist

·2-min read
The ASX board showing company price changes and a person wearing a black glove holding jewlery.
Six men will face court over allegedly stealing $178 million worth of jewels. (Source: Getty)

Good morning.

ASX: The local market is expected to rise at the open following on from a positive Wall Street session.

This comes after Australia's share market hit its highest level in more than three-and-a-half months yesterday, helped by a broad-based rally across sectors as investors largely ignored a surge in Omicron coronavirus cases.

Wall Street: The Dow Jones posted its sixth straight session of gains overnight, inching towards an all-time high.

Some early studies pointing to a reduced risk of hospitalisation in Omicron cases helped investors look past the travel disruptions, while also powering the S&P 500 to record highs this week.

BTC: Bitcoin was relatively flat this morning, holding its ground below the US$50,000 mark.

Meanwhile, Dogecoin had a very eventful 2021 as the cryptocurrency soared more than 3,000 per cent. You can take a look back at the year in the video below.

Heist: Six men will go on trial in Germany next month over their alleged role in the spectacular theft of 18th-century jewels from a Dresden museum in 2019, a court said.

Prosecutors said the men were responsible for the break-in at the Green Vault Museum on 25 November, 2019, and the theft of 21 pieces of jewelry containing more than 4,300 diamonds, with a total insured value of at least $178 million.

Emergency meeting: Australians could soon find out more about their COVID-19 testing and quarantine requirements as national leaders meet to discuss the country's Omicron response.

Prime Minister Scott Morrison will convene an emergency national cabinet from Canberra and propose a nationally consistent definition of a close contact as case numbers and associated contacts skyrocket.

China v Musk: China is calling on the United States to protect a Chinese space station and its three-member crew after Beijing complained that satellites launched by Elon Musk's SpaceX nearly struck the station.

China accused Washington of failing to carry out its obligations to "protect the safety of astronauts" under a 1967 treaty on the peaceful use of space.

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