Yahoo Finance ASX to gain as families score $150 vouchers
Good morning.
Here’s Yahoo Finance’s Monday morning wrap.
ASX: The ASX is set to open the week in the green following a strong finish to two major indexes in the US last week.
The SPI 200 futures contract was up 65 points, or 1.18 per cent, to 5,574.0 at 0700 AEST on Monday.
Markets lately have been largely influenced by hopes and disappointment relating to a coronavirus vaccine and cure.
Wall Street: Wall Street wobbled to a mixed finish last week as hopes of a vaccine played out against rising China-US tensions.
On Friday, the Dow Jones Industrial Average slipped 0.04 per cent to end at 24,465.16 points, while the S&P 500 gained 0.24 per cent, to 2,955.45. The Nasdaq Composite rose 0.43 per cent to 9,324.59.
Sports vouchers: The Queensland government will extend $150 vouchers to families who have been financially hit by the coronavirus pandemic. The vouchers will go to 73,000 households to help get their kids into sport.
"This is about making sure that 73,000 households in Queensland that are doing it tough are going to be able to afford to play sport," Sport Minister Mick Di Brenni said.
"Kids have been through a lot in 2020. This has been a really tough time for them.
"And giving them the opportunity to get back out on the sporting field, with their friends, is extremely important."
JobKeeper: The federal government has flagged a review to the JobKeeper program following explosive revelations of a $60 billion hole in its costings.
“When it comes to JobKeeper, we'll be undertaking a review in the month of June," Treasurer Josh Frydenberg said on Monday.
Where to invest: Investing is a strategy that comes with risk, but there’s one investment that will always pay off: yourself.
Peter Switzer explains why now is the perfect time to do a self-analysis and plan out your success.
Japan travel: And dreaming of your next holiday overseas? After the Italian island of Sicily announced it will cover some of holiday-makers’ costs, it looks like Japan might also offer a similar scheme.
The Japan Tourism Agency head Hiroshi Tabata said the country plans to spend US$12.5 billion on a new reimbursement program for tourism, The Japan Times has reported.
Have a great day.
With AAP.
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