Australia markets closed

ASX to open higher as JobKeeper in the headlights

New Zealand Prime Minister Jacinda Ardern has suggested a major strategy. (Hagen Hopkins/Pool Photo via AP)

Good morning.

Here’s Yahoo Finance’s Thursday morning wrap.

ASX: The ASX is expected to open higher on Thursday after a strong night on Wall Street. All three major indexes finished higher as investors traded on hopes of a rapid economic recovery. 

The SPI 200 futures contract was up 36 points, or 0.65 per cent, to 5,064.0 at 0700 AEST on Thursday.

Wall Street: Wall Street edged upwards on Thursday after promising remarks from Federal Reserve chair Jerome Powell. 

Powell in recent days has indicated the reserve stands ready to issue more stimulus measures if necessary. 

The Dow Jones Industrial Average rose 1.52 per cent to end at 24,575.9 points, while the S&P 500 gained 1.67 per cent, to 2,971.61 and a two-month high. The Nasdaq Composite edged 2.08 per cent higher to 9,375.78.

Tune in at 10am AEST: Tune in at 10am to hear from author of Rich Dad Poor Dad Robert Kiyosaki on the key to surviving the recession in this exclusive Yahoo Finance webinar. Sign up here.

Recovery: As businesses begin to slowly reopen, Australians are wondering which jobs will be the first and last to get back to normal. New forecasts from Deloitte Access Economics give us a clue. 

JobKeeper in the spotlight: The Senate committee will today hear more about the JobKeeper subsidy and its design. While around 6.1 million people receive the subsidy, it’s been mired in controversy over who it leaves behind. 

Four-day week: And New Zealand Prime Minister Jacinda Ardern has said employers should consider four-day weeks as ways to boost employee wellbeing and also encourage greater domestic tourism. Here’s what she said. 

Have a great day.

With AAP.

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