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ASX to rise as Republicans call on Trump to resign

Anastasia Santoreneos
·2-min read
U.S. President Donald Trump delivers an update on the so-called Operation Warp Speed program, the joint Defense Department and HHS initiative that has struck deals with several drugmakers in an effort to help speed up the search for effective treatments for the ongoing coronavirus disease (COVID-19) pandemic, in an address from the Rose Garden at the White House in Washington, U.S., November 13, 2020. REUTERS/Carlos Barria     TPX IMAGES OF THE DAY
ASX to rise as Republicans call on Trump to resign. Source: Getty

Good morning.

Here’s Yahoo Finance’s Monday morning wrap.

The ASX is expected to rise at the open of trade, after closing 0.68 per cent higher to 6,757.90 points on Friday.

Final retail sales data for the month of November is expected to be released on Monday, after preliminary figures showed sales jumped 7 per cent for that month.

In the US, Wall Street’s major indexes rallied on stimulus hopes, after President-elect Joe Biden said his new economic package would be in the trillions of dollars.

The Dow Jones Industrial Average rose 0.18 per cent to 31,097.97. The S&P 500 gained 0.55 per cent to 3824.68 and the Nasdaq Composite added 1.03 per cent to 13,201.98.

Republicans are now calling on President Donald Trump to resign, saying he could face criminal liability after inciting his supporters to storm the US Capitol.

COVID in NSW: While the main COVID threat has subsided for Sydneysiders, the next 14 days are “pivotal” according to chief health officer Kerry Chant.

"We need to maintain those [testing] numbers well above the 25,000 that we've been achieving and sustain that for the next 14 days,” she said.

Hackers hit NZ: New Zealand's central bank has revealed one of its data systems was breached by an unidentified hacker, who potentially accessed commercially and personally sensitive information.

The breach has been contained, and the bank's core functions remain in tact, RBNZ Governor Adrian Orr said.

Jobs 2021: Remote work looks like it’s here to stay, but daily rituals can help you thrive amid the chaos.

Here are 7 regular practices to add to your work schedule now.

Bitcoin: The analyst who correctly predicted bitcoin would smash the US$40,000 mark has revealed his next prediction, and it’s not good.

Fundstrat managing partner Tom Lee said bitcoin’s next move could be a 40 to 50 per cent collapse.

Have a great day.

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