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$58 billion: ASX to drop as new COVID strain infects markets

Anastasia Santoreneos
·2-min read
Aerial view of London with closed sign
$58 billion: ASX to drop as new COVID shakes markets. Source: Getty

Good morning.

Here’s Yahoo Finance’s Tuesday morning wrap.

The ASX is expected to drop at the open, with COVID restrictions in Britain overshadowing a US$900 billion (AU$1.2 trillion) fiscal stimulus package in the US.

In the UK, the FTSE 100 shed £33 billion (AU$58.4 billion) within minutes, after the British Government put the nation into lockdown over Christmas, and Brexit talks stalled.

Britain is battling a new strain of COVID, which transmits faster than the original, Prime Minister Boris Johnson said.

In the US, future indexes have tumbled in response to Britain’s news.

That’s despite congressional leaders reaching an agreement on a USS$900 billion package to provide fresh aid.

Tesla’s debut: The electric car maker made its long-awaited debut into the S&P 500 on Monday.

But while its engines might roar, it didn’t quite take off. The stock tumbled by more than 5 per cent.

Want to get ahead in 2021? Coronavirus has disrupted the way we work, and it’s unlikely we can ever expect the old ‘normal’ to return.

So, it follows then that if the job industry and the job market has shifted, that your approach to your career should also.

Here are six tips from top recruiters to adjust your job search over the next 12 months.

10 lessons from 2020: The year 2020 has been an unforgettable one.

But thankfully it has taught us some valuable lessons about our economy, workforce, technology and investments.

Here are 10 of them.

Have a great day.

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