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ASX to fall as NSW preps for reopen, Qantas negotiates with NT

·Contributing editor
·2-min read
Qantas chief Alan Joyce is negotiating with the NT government to allow the London flight to land in Darwin. Source: Getty
Qantas chief Alan Joyce is negotiating with the NT government to allow the London flight to land in Darwin. Source: Getty

Good morning.

Here's what you need to know about finance markets for today.

ASX: The Australian share market is expected to fall this morning. According to the latest SPI futures, the ASX 200 is expected to open the day 43 points or 0.6 per cent lower.

Wall Street: It was a mixed start to the week on Wall Street. The Dow Jones rose 0.2 per cent, the S&P 500 fell 0.3 per cent, and the Nasdaq dropped 0.5 per cent.

AUD: The Australian dollar is trading at 0.7287 to the US dollar as at 6.30am this morning.

NSW lockdown: NSW is set to emerge from a lockdown in a fortnight after almost four months of stay-at-home orders for much of the state. Premier Gladys Berejiklian announced the beginning of the "COVID-normal" era on Monday, almost certainly ending statewide or region-wide lockdowns. 

NT-London flights: Qantas chief executive Alan Joyce is negotiating with the NT government to allow the daily Melbourne-to-London and return flight to land in Darwin during a narrow window from December 18 until April. A decision will be made in the next two weeks.

Unclaimed cash: NSW residents are being urged to get online and check if they are entitled to a share of $467 million in unclaimed money. More than 255,000 cheques worth $108 million are waiting to be issued to the rightful owner, with $37 million of unclaimed money in 20 suburbs alone.

UK crisis: In Britain, the number of shelves sitting bare is growing each week, with more and more products becoming unavailable. And now a fuel shortage is also contributing to the crisis. A perfect storm of factors that’s been brewing for months has struck the UK and the impacts could be devastating, lasting many months.

COVID-19 vaccine: Australia is clawing its way up from the bottom of the pack of wealthy nations in the COVID-19 vaccination race. Aftermonths spinning its wheels near the start line, we are now roaring towards the vaccination levels that will allow a safer re-entry into the world. But there is still a distance to go.

Pea price surge: A global surge in pea prices linked to low supplies and growing demand for plant protein will inevitably need to be passed on to customers, including makers of alternative food such as meat-free burgers, French producer Roquette says.

Have a great day.

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