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ASX to open higher as regional travel delayed

·2-min read
the aerial view of a NSW regional town and the ASX board.
The local market is set to open in the green today but Sydneysiders will have to wait a while longer for a weekend getaway as regional travel has been delayed (Source: Getty)

Good morning.

ASX: The local market is set to open higher today after a bumper session on Wall Street, as global markets start to shake off inflation fears.

Wall St: US markets rallied overnight as a surge in technology stocks and strong quarterly results helped investors look away from inflation concerns.

The S&P 500 was up 1.7 per cent to 4,438.26, the Dow Jones was up 1.56 per cent to 34,912.56 and the Nasdaq was up 1.73 per cent to 14,823.43.

BTC: Bitcoin held steady, sitting up around 0.8 per cent and is worth US$57,486.

Regional travel: Sydneysiders will have to hold off on booking that weekend getaway, with travel to regional Australia still off the cards for a while longer.

Regional travel was meant to open when the state hit the 80 per cent double dose vaccination target, a milestone that looks likely to be hit this weekend.

However, with low vaccination rates in regional areas, the decision to postpone travel has been set.

Crown casino: The final report into whether gambling giant Crown should keep its Victorian licence is due, but the state government won't make it public straight away.

This comes after a NSW inquiry found Crown was unsuitable to run its newly built casino in Sydney's Barangaroo.

That inquiry found Crown facilitated money laundering, partnered with junket operators with links to organised crime groups even after being made aware of these connections, and exposed staff to the risk of detention in China.

NFTs: Are non-fungible tokens (NFTs) the real deal or just a passing phase? Take a look at what NFTs really are and all the happenings in the space.

LinkedIn leaves China: Microsoft is shutting down its LinkedIn service in China after censorship rules were tightened by the country's authorities.

The company said in a blog post it had faced "a significantly more challenging operating environment and greater compliance requirements in China".

Have a great day.

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