The ASX is expected to fall this morning as national cabinet to discuss COVID payment extension. (Source: Getty) ASX: The local market is expected to fall this morning after US stocks fell overnight.
This comes after the
for a fourth straight day, finishing above the 7,000 level for the first time in two-and-a-half weeks. ASX closed higher Wall Street: on Tuesday after a US stocks nosedived showed prices rose more than expected last month. surprising inflation report
All three major averages logged their worst day since June 2020.
COVID payments: National Cabinet will meet today to discuss the nation's pandemic response.
will be on the agenda when state and territory leaders meet with the Prime Minister, who is expected to back the proposal. pandemic leave payments Public holiday: Australians can also expect further details on next week's after National Cabinet convenes. day of mourning for The Queen
A one-off public holiday has been declared for Thursday, September 22, for Australians to commemorate the life and service of Queen Elizabeth II.
Green energy: The transition to renewable energy is an "industrial revolution to a timetable" and of change, a national summit has been told. regional Australia is on the front line
Grattan Institute energy and climate change program director Tony Wood said no section of the Australian economy would be untouched by the energy shift.
Strike action: Public school teachers in Katherine will over a pay dispute, mounting work pressures, and concerns over inadequate housing. walk off the job in protest
While schools will remain open to receive students, Australian Education Union members will strike from 9:00am until 1:00pm today.
Meanwhile, a protracted dispute between unions and the NSW government over rail worker pay, conditions and safety will
after two days of conciliation. return to the workplace umpire Cost pressures: Small businesses are struggling to pay their invoices on time, suggesting a could be approaching. wave of business closures
Payment defaults have lifted by 53 per cent compared with the same time last year, according to CreditorWatch's index that measures business risk.
Story continues Wet weather: Another summer of heavy rainfall and humid, sticky nights is ahead for much of Australia, as forecasters declare a rare third consecutive . La Nina weather event Follow Yahoo Finance on Facebook , LinkedIn , Instagram and Twitter , and subscribe to the free Fully Briefed daily newsletter .