Australia markets closed

ASX set to rise; more rent help on its way

ASX set to rise; help for renters on its way - Yahoo Finance's morning wrap. Source: Getty

Good morning.

Here’s Yahoo Finance’s Friday morning wrap.

Markets: The ASX is set to rise at open, following Wall Street’s overnight gains.

The ASX200 benchmark index finished Thursday down or 1.98 per cent, while the All Ordinaries index dropped 1.93 per cent.

The Australian dollar is buying 60.53 US cents, down from 61.84 US cents as the market closed on Thursday.

All US major indices closed higher, as an oil price surge offset a coronavirus-driven rise in US unemployment claims.

More help for renters: The national cabinet will mull over more help for residential and commercial tenants this afternoon.

State and territory leaders, as well as Scott Morrison, will hear advice from the federal and state treasurers on how to protect commercial and residential tenants and owners during this time.

Cruise ship bookings surge: Ticket sales for cruises in 2021 are up 9 per cent on last year, despite 10 per cent of coronavirus cases in Australia stemming from a cruise.

How three men made $7 billion this year: Three founders of a company that makes ventilators have added a combined US$7 billion to their wealth this year, as the coronavirus pandemic saw their shares climb 40 per cent.

Stocks haven’t hit bottom: Despite global stocks experiencing their worst quarter since 1987, the investor who predicted the coronavirus market collapse says the worst is yet to come. Here’s his prediction.

LinkedIn’s gift: LinkedIn has made job postings free for organisations on the frontlines of the coronavirus crisis for the next three months as they scramble to find new workers.

Have a great day.

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