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ASX to edge higher, economy to rebound

Samantha Menzies
·Contributing editor
·2-min read
ASX to edge higher. Source: REUTERS
ASX to edge higher. Source: REUTERS

Good morning.

Here’s Yahoo Finance’s morning wrap for Wednesday.

ASX: Australian shares are set to edge modestly higher at the open. ASX futures were up 17 points or 0.3 per cent to 6739 near 7.40am AEDT.

Wall Street: Wall Street eased after surging higher the previous session as investors paused to gauge whether a bond yield jump had run its course, taking stock of gains from Monday's surge.

The subdued performance of the three major Wall Street indices followed a flat close in Europe and slipping shares in Asia.

Economic bounceback: Robust consumer spending in the final months of 2020 as COVID-19 restrictions were lifted is expected to result in another strong economic growth result when the national accounts are released.

Economists expect the report, due on Wednesday, will show the economy expanded by around 2.5 per cent in the December quarter, building on the sharp 3.3 per cent rebound three months earlier.

No jab, no pay: Welfare support recipients risk losing access to Centrelink payments if their children are not vaccinated according to government requirements, a Services Australia official has confirmed.

Aussie property prices: What the hell is going on with Aussie property prices?

Pent up demand and low supply is seeing property prices skyrocket, with more expected on the horizon.

Here we unpack the truth about what the outlook for Aussie property prices really looks like.

Top 10 percenters: They’re the people who are successful and at the top of their game. They know how to get from A to B in business and they have great soft skills.

And they all have one thing in common: they follow basic business rules of engagement. Here’s how they do it.

Have a great day.

With AAP.

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