ASX: The local market is expected to retreat at the open as global markets try to make sense of the potential impact of the Omicron COVID variant.
This comes after the market yesterday. Shares fell sharply on coronovarius concerns, but a bumper session for financials and materials improved and helped trim overall losses to minor damage.
Wall St: The S&P 500 and the Nasdaq jumped more than 1 per cent when opened but pulled back to finish in the red after the US reported its first confirmed Omicron case.
BTC: overnight as Ethereum started outpacing the original cryptocurrency.
Ethereum has had a boost thanks to the booming NFT market and metaverse projects.
Trade concerns: A slide in the iron ore price is expected to have weighed on in October.
The Australian Bureau of Statistics will release the trade balance for October today.
Economists expect the surplus will narrow to $10.8 billion in October from $12.2 billion in September and a record $14.7 billion in August.
500,000: That’s how many Aussie kids are facing a life of poverty.
Australia has made no progress in a commitment it made six years ago to halve the number of people living in poverty by 2030.
New research has found that unless urgent action is taken, between 280,000 to 550,000 young Australians born in the next decade face a .
Wage theft: Dishonest and and the shocking treatment of some workers during the pandemic has been revealed in a South Australian parliamentary inquiry.
The inquiry uncovered ‘slavery-like’ practises, including women being forced to work in bikinis, workers forced to repay employers for being sponsored to come to SA and others being threatened if they reported underpayment of wages.
Living around the globe: Paris has lost its title as the most expensive city in the world to live, while Sydney doesn’t even make the top 10.
The S&P; 500 and Nasdaq ended higher as an upbeat sales forecast from Cisco Systems helped to lift the technology sector, while data showed the economy remained relatively strong.Investors on Thursday were still assessing minutes from the Federal Reserve's July meeting released a day earlier, which they initially saw as supporting a less aggressive stance by the central bank.
Hearing device maker Cochlear has posted a rise in underlying full-year earnings and is looking for a stronger 2022/23 after the launch of its new sound processor.6 billion in constant currency terms in the 12 months to June 30, as COVID-19 restrictions eased and hospitals resumed elective surgeries.
Australia's biggest gold miner has posted a drop of almost a quarter in full-year profit for 2022 and warns the short-term outlook for costs remains "unpredictable".Newcrest Mining reported on Friday an underlying profit of $US872 million ($A1.
Cloud accounting technology company Xero has warned of another year of volatility for small business customers.Xero chair David Thodey said on Thursday supply chains remain constrained, contributing to levels of inflation not seen since the 1980s, interest rates are rising, and global economic growth is predicted to slow.
Transurban says its fourth-quarter toll road traffic exceeded pre-pandemic levels, but is forecasting a 2022/23 return to shareholders well below market expectations.The toll road operator on Thursday said it expects to distribute 53 cents per share in FY2023, 30 per cent higher than in 2021/22 but under consensus estimates of 60 cents.
Origin Energy has left investors on edge after reporting a loss for full-year 2022 and failing to provide profit guidance for the year ahead.The gas and electricity company on Thursday reported a statutory loss of $1.