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ASX to fall as Aussie scientists make solid discovery

·2-min read
The ASX board showing company price changes and a group of scientists stand together.
The ASX is expected to fall this morning and a group of Aussie scientists have made a solid discovery. (Source: Getty)

Good morning.

ASX: The local market is expected to tumble out of the gates this morning after a weak lead from Wall Street overnight.

This comes after the Australian market turned from gains to losses on Tuesday as higher bond yields led investors from the risk of shares.

Wall Street: US stocks fell sharply overnight as investors continued to weigh the likelihood of sooner-than-expected interest rate hikes.

BTC: Bitcoin fell overnight but held steady above the US$40,000 mark.

For more on the outlook for the cryptocurrency, watch the video below.

Carbon plan: Aussie scientists have worked out how to quickly turn captured carbon dioxide into solid carbon, keeping it safely locked up and out of the atmosphere.

The researchers from Melbourne's RMIT University believe their technology is a potential game-changer for steel and concrete manufacturing, which together produce about 14 per cent of global CO2 emissions.

Going blue: Meanwhile, "blue carbon", which is carbon captured by ocean and coastal ecosystems, is among a range of new options that can earn credits in Australia's voluntary carbon market.

Minister for Industry, Energy and Emissions Reduction Angus Taylor said farmers, businesses and industries could benefit from the new methods of offsetting carbon emissions, as part of the Emissions Reduction Fund (ERF).

Jobs preview: Economists will get some clues for tomorrow's crucial jobs figures when payroll jobs data is released for the first half of December today.

The latest payroll jobs report from the Australian Bureau of Statistics will cover the fortnight to December 18.

WFH: Remote work isn’t going anywhere anytime soon.

One economist said many companies seemed reluctant to stray from the remote and hybrid work and event models that have become so popular since the start of the pandemic.

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