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ASX to dip as iron ore sinks, Aussies await vaccine rollout

·2-min read
Prime Minister Scott Morrison speaking outside his residence, the ASX board showing red and an Iron ore mine
Prime Minister Scott Morrison is set to deliver the nation vaccine rollout plan today giving an indication of when restrictions might be eased. (Source: Getty)

ASX: Aussie stocks are set to slip at the open despite US markets ending higher after positive earnings results hit the market.

Iron ore prices fell 5.7 per cent to $US201.50, Brent oil rose 2.2 per cent to $US73.79 a barrel. Gold futures were up 0.1 per cent to $US1805.40 an ounce.

Wall St: Big tech buoyed Wall Street up to a higher close, modestly building on a two-day rally.

Lackluster economic data and mixed corporate earnings have weighed on the US market and prompted investors to pivot back to growth stocks.

All three major US stock indexes ended the session within 1.0 per cent of their record closing highs.

Vaccine rollout: National Cabinet is set to meet today to discuss the ins and outs of the vaccine rollout plan.

Aussies and businesses will get a clearer picture about vaccine availability over the rest of the year which will give an idea of when restrictions will ease.

The meeting comes as doctors warn the continuing spread of the Delta variant of COVID-19, especially in Sydney and Melbourne, could demand tougher restrictions.

Feelin’ the heat: Keeping warm this winter has become more expensive as coal-fire power outages take a toll on Australia's energy market.

Prices were boosted significantly between April and June because of outages and colder-than-average weather, the Australian Energy Market Operator said.

Billion dollar club: The newest member of the billion dollar club is NBA superstar LeBron James, according to a new report.

James is the first active NBA player ever to reach the billion dollar mark having earned US$330 million in player salaries and another US$700 million off the court from endorsements, merchandising, licensing and his media business.

LOS ANGELES, CALIFORNIA - JULY 12: LeBron James attends the Premiere of Warner Bros
NBA star LeBron James has officially joined the billionaires club. (Photo by Axelle/Bauer-Griffin/FilmMagic)

Buffett knows best: Warren Buffett is known for many things but one is certainly for giving out priceless wisdom.

So, here are 40 Warren Buffett quotes that every investor should know to get you inspired on this Friday morning.

Work-life balance: Balancing career demands and family can be hard enough even when there isn’t a global pandemic.

However, one Aussie CEO has a trick for encouraging his staff to take the time they need to establish and maintain a healthy balance. Find out what it is.

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