Australia markets closed

ASX set for soft start, Captain Tom knighted

Colonel Tom Moore and his daughter Hannah celebrate his 100th birthday, with an RAF flypast provided by a Spitfire and a Hurricane over his home on April 30, 2020 in Marston Moretaine, England. Colonel Moore, formerly a Captain, received a promotion in honour of his 100th birthday and in recognition of the funds, in excess of £32m, he raised for the NHS by walking laps of his garden. (Emma Sohl - Capture the Light Photography via Getty Images)

Good morning.

Here’s Yahoo Finance’s Wednesday morning wrap.

ASX: The ASX is expected to open lower on Wednesday after doubts about the efficacy of a possible coronavirus vaccine surfaced. 

The Moderna vaccine posted promising early results on Monday, lifting stocks higher on Tuesday, but now another report has questioned the results. 

The SPI 200 futures contract was down 1.49 per cent to 5,491.0 points at 0700 AEST on Wednesday.

Wall Street: Wall Street trade was hit by the same report, with the S&P500 closing lower on Tuesday. Moderna stocks fell sharply on the fresh report, finishing 10.41 per cent lower. 

The Dow Jones Industrial Average fell 390.51 points, or 1.59 per cent, to 24,206.86, the S&P 500 lost 30.97 points, or 1.05 per cent, to 2,922.94 and the Nasdaq Composite dropped 49.72 points, or 0.54 per cent, to 9,185.10.

Travel restrictions lifted: New South Wales will lift restrictions on holiday travel from 1 June, allowing residents and interstate visitors to travel for whatever reason within the state. 

"Even if some states don't let us travel there we'll invite the other states here," Ms Berejiklian told The Daily Telegraph.

Nosy employers: Employers and recruiters are regularly asking for sensitive private information as they select new hires. Here’s what you need to know. 

Meetings: We spend 31 hours in unproductive meetings a month. That’s a lot of time. This is your cheat-sheet so you know which ones you can skip. 

A street art graffiti mural, showing the logo of the NHS (National Health Service), and an image 100-year-old veteran Captain Tom Moore who raised over GBP 30 million for NHS charities, is pictured in east Belfast on May 5, 2020. (Photo by PAUL FAITH/AFP via Getty Images)

Captain Tom: And the WWII veteran who raised nearly  £32,794,701 (AU$62 million) by pledging to walk 100 laps of his garden by his 100th birthday will be knighted. His initial goal was £1,000. 

UK Prime Minister Boris Johnson dubbed Sir Tom Moore a “true national treasure” after providing a “beacon of light through the fog of coronavirus”. 

Due today: The Australian Bureau of Statistics will release the preliminary monthly aggregate estimates of retail trade turnover for April this year.

Have a great day.

With AAP. 

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