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ASX to fall as jobs summit guest list revealed

·Personal Finance Editor
·2-min read
The ASX board showing company price changes and Prime Minister Anthony Albanese.
The ASX is expected to drop this morning as Prime Minister Anthony Albanese gears up for the Jobs and Skills Summit. (Source: Getty)

ASX: The local market is expected to fall this morning after a negative session on Wall Street overnight.

This comes after the Australian share market clawed back some of Monday's losses, with every sector except mining gaining ground.

Wall Street: US stocks fell on Tuesday to mark a third straight losing session, deepening a rout kicked off on Friday following Fed Chair Jay Powell's speech in Jackson Hole.

Jobs Summit: Mining magnate Andrew Forrest, Atlassian boss Scott Farquhar and Qantas CEO Alan Joyce have made the invite list to the Jobs and Skills Summit.

Just under 150 coveted spots have been snagged by unions, community organisations, universities, governments of all levels and business leaders.

Energy: Australia's energy future will be limited without a much larger and well-prepared workforce, experts have warned.

Growth in large-scale wind, solar and battery farms, and smaller systems for homes and businesses, is expected over the next two decades, potentially offering trained Australians secure and highly paid work.

Meanwhile, a massive investment in power generation, storage and transmission will be needed over the next decade to ensure the closure of coal and gas plants does not impact homes and businesses, according to a new report from the Australian Energy Market Operator.

Star casino: The Star Sydney will be a step closer to learning if it will lose its casino licence when a final report into the beleaguered venue is delivered to the NSW gaming authority today.

The report, from a months-long, royal-commission-style review into the fitness of The Star to hold a casino licence, will be delivered to the NSW Independent Liquor and Gaming Authority.

Green transport: Australians overwhelmingly want governments to splash cash on a fast transition to green transport options that will save them money and fight climate change, a national survey found.

A YouGov poll, commissioned by the Climate Council, found 80 per cent wanted more investment in public transport and 70 per cent wanted an electric national bus fleet, powered by solar and wind energy, as soon as possible.

Train strike: NSW train commuters are again advised to seek alternatives as a final day of industrial action disrupts services one more time.

Most timetables will be reduced to a 30-minute frequency on Wednesday, while services are suspended on the T5 Cumberland and T7 Olympic Park line.

  • With AAP

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