Australia markets closed

    -36.70 (-0.55%)

    -0.0050 (-0.78%)
  • ASX 200

    -34.20 (-0.53%)
  • OIL

    -1.05 (-1.34%)
  • GOLD

    -6.30 (-0.39%)

    -2,514.80 (-7.89%)
  • CMC Crypto 200

    -30.13 (-6.56%)

ASX to fall as Queen Elizabeth II dies

·Personal Finance Editor
·2-min read
A portrait of Queen Elizabeth II and the ASX board showing company price changes.
The ASX is expected to fall this morning as Australia mourns the passing of Queen Elizabeth II. (Source: Getty)

ASX: The local market is expected to fall this morning despite US stocks rising overnight.

This comes after the ASX rebounded yesterday, enjoying its best session in months after Australia's top central banker suggested the size of rate hikes had peaked.

Wall Street: US stocks rose for a second straight session on Thursday after swinging between gains and losses for much of the trading day.

Queen Elizabeth: Australia has joined much of the world in mourning Queen Elizabeth II, as her death prompts the first change in head of state in more than seven decades.

There will be no official mourning period for Australians, but there are a number of ways in which we will mark the Queen's passing.

Mask mandate: Masks are no longer compulsory on international flights to Australia as COVID-19 rules relax around the country.

The mandate ended at 12.01am on Friday but travellers are still advised to wear them for their own safety.

Regional homes: Regional Australians seeking help to buy their first home will get access to a new federal government scheme from October 1.

The Regional First Home Buyer Guarantee was due to start in January next year.

However, Prime Minister Anthony Albanese said access to the first 10,000 places - to be made available each financial year - would start three months earlier.

EV push: For Australia's vehicle industry and motorists across the country, 2035 is looming large as a key date in the push towards an electric-powered future.

It's widely considered the last year any petrol-powered cars should be produced if the sector is to achieve a stated goal of being emissions-free by 2050.

NSW train strike: The long-running dispute between the NSW government and rail workers is heading back to the industrial umpire after a failed start earlier this week.

The hearing at the Federal Work Commission follows an adjournment on Tuesday after the Rail, Tram and Bus Union sought the commission's intervention.

Follow Yahoo Finance on Facebook, LinkedIn, Instagram and Twitter, and subscribe to the free Fully Briefed daily newsletter.