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ASX to drop again as more businesses roll out workplace jabs

·Contributing editor
·1-min read
Businesses would do well to follow Qantas' model of requiring COVID-19 vaccinations, Prime Minister Scott Morrison says. Source: Getty
Businesses would do well to follow Qantas' model of requiring COVID-19 vaccinations, Prime Minister Scott Morrison says. Source: Getty

Good morning.

Here's what you need to know about finance markets for today.

ASX: The Australian share market is expected to continue its poor run yet again this morning. According to the latest SPI futures, the ASX 200 is expected to open the day 51 points or 0.7 per cent lower today.

Global markets: It was another poor night of trade on Wall Street shares after the Us Federal Reserve gave insight into tapering plans, which saw the Dow Jones fall 1.1 per cent, S&P 500 drop 1.1 per cent and Nasdaq sink 0.9 per cent lower.

Aussie dollar: The Australian dollar has dropped futher, trading at 0.7233 to the US dollar as at 7am this morning.

Unemployment: The labour force report for July is due out today. Economists expect a hike in unemployment figures thanks to the latest COVID-19 Delta outbreak.

Workplace vaccines: Businesses would do well to follow Qantas' model of requiring COVID-19 vaccinations, Prime Minister Scott Morrison says. "They've come up, I think, with a fair and and well intentioned direction," he told reporters. "They've shown, I think, the right model about how you go about this." Meanwhile, Telstra will give out $200 to workers who are fully vaccinated by the end of the year.

Have a great day.

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