Yahoo Finance ASX to open higher as calls grow to cut fuel tax
ASX: The local market is expected to open in the green this morning despite a fall on Wall Street on Friday.
This comes after investors moved the ASX lower on Friday after accepting US rates were almost certain to rise this week due to record inflation.
Wall Street: US stocks closed in the red on Friday as investors weighed upbeat remarks from Russian President Vladimir Putin about diplomatic discussions with Ukraine against a weaker-than-expected print on US consumer sentiment.
BTC: Bitcoin remained subdued over the weekend, hitting a low of US$38,494.57.
With the token whipsawing between a range of US37,000 and US$45,000 over the past month, many investors have called the present moment a test for the asset's longer-term value.
Budget 2022: Scott Morrison said the Government would seek to ease cost-of-living pressures in the Federal Budget but warned factors behind higher petrol prices needed to be addressed at a global level.
The Budget is expected to include a slightly better-than-expected deficit, but debt heading towards $1 trillion.
Petrol prices: Morrison believes Australians understand why petrol prices are going up but won't say whether there will be a cut in fuel excise.
Some parts of the country are paying well over $2 per litre as a result of global oil prices spiking due to Russia's invasion of Ukraine.
New Zealand travel: A serious softening of New Zealand's borders is on the way - and soon.
Prime Minister Jacinda Ardern said an announcement would be made this week for a new reopening schedule that would end most COVID-19 border restrictions.
Infrastructure: The Federal Government is investing a further $40 million over the next four years to upgrade bridges on Australia's regional roads to keep freight moving and supply chains open.
The additional $10 million a year means the Government's bridge-renewal program will increase to $95 million annually for the next four years.
De-extinction: Scientists will work to bring back an Aussie rat that went extinct in 1903 thanks to disease brought by European travellers.
The scientists have turned their attention to the rat’s 119-year absence as a test case for the revival of extinct species generally.
- With AAP
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