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ASX to hike again, BHP latest to consider mandating COVID vaccine

·Contributing editor
·2-min read
Singapore has become the most fully vaccinated country in the world. Source: Getty
Singapore has become the most fully vaccinated country in the world. Source: Getty

Good morning.

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

ASX: The Australian share market is expected to push higher again on Tuesday. According to the latest SPI futures, the ASX 200 is expected to open the day 17 points or 0.2 per cent higher this morning.

Global markets: It was a largely positive start to the week on Wall Street, which saw the Dow Jones fall 0.15 per cent, but the S&P 500 climb 0.45 per cent and the Nasdaq storm 0.9 per cent higher.

Aussie dollar: The Australian dollar is trading at 0.7297 to the US dollar as at 7am this morning.

International trade: The international trade figures, due out today, are expected to show net exports (exports minus imports) detracting 0.8 percentage points from growth. 

Credit data: The Reserve Bank will release its monthly credit data for July and the ABS will issue building approvals for the same month also on Tuesday.

BHP: Mining giant BHP is considering mandating COVID-19 vaccination for anyone entering its worksites and offices.If confirmed, it would make the firm the third major company to bring in a vaccine mandate after airlines Qantas and Virgin.

Equal pay day: Today is Equal Pay Day, marking the 61 additional days from the end of the previous financial year that women must work to earn the same pay as men. This year, the Workplace Gender Equality Agency (WGEA) announced the gender pay gap had gone up by 0.8 per cent compared to the previous six months and now sits at 14.2 per cent. The disparity equates to a gap of $261.50 per week between women and men and a total of just over $13,000 in the last financial year.

Vaccination rate: Singapore has become the most fully vaccinated country in the world, according to a Reuters tracker. Singapore has 80 per cent of its 5.7 million people fully vaccinated against COVID-19, Health Minister Ong Ye Kung said in a Facebook post on Sunday. In comparison, 34.2 per cent of Aussies over the age of 18 are vaccinated.

Have a great day.

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