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ASX to open higher as Apple breaks $3 trillion milestone

·Personal Finance Editor
·2-min read
The ASX board showing company price movements, the exterior of an Apple Store and Apple CEO Tim Cook smiling.
The local market is expected to get a boost this morning after Apple made history in the US. (Source: Getty)

Good morning.

ASX: The local market is expected to open higher this morning after a solid start to the new year from Wall Street.

Wall St: US markets crept higher overnight, looking to extend a market recovery from the pandemic shock into the new year.

Meanwhile shares in heavyweight Tesla jumped after the electric car maker revealed it delivered 936,172 cars last year.

BTC: Bitcoin is starting the year below the US$50,000 mark. The cryptocurrency seemed on track to surpass US$100,000 last year but continued volatility has weighed.

Apple: Apple officially has a market capitalisation of US$3 trillion.

The tech giant passed the US$182.86 per share mark on Monday, making it the first publicly traded company in history to hit such a market valuation.

5 predictions: It’s 2022 and time to forget the volatility in the markets over the past two years and look forward.

Here are five predictions for the stock markets in the US for 2022.

Rapid test tensions: Prime Minister Scott Morrison has said the Australian Government has no plans to provide free rapid antigen tests.

The NSW and Victorian state governments have committed to providing free rapid testing as queues for PCR tests blow out.

However, huge demand for tests has now led to a shortage across the country.

Boosters: Millions more Aussies are now eligible for their booster shot with the timeframe between second and third doses reducing to four months from Tuesday.

Around 7.5 million Australians will now be eligible, up from around 4.1 million at the end of 2021.

Plant pests: More than $600,000 has been put aside for a plant pest surveillance program to help protect Australia's farming industry.

AUSPestCheck has collected more than 3 million records and helps farmers detect new pest incursions before they have the chance to spread more widely.

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