Good morning. Here’s Yahoo Finance’s Thursday morning wrap.
ASX: The ASX is expected to dip at the open on Thursday, despite a solid lead from Wall Street overnight.
It comes after the ASX hit an 11-month high on Wednesday.
The S&P/ASX200 benchmark index closed higher by 62 points, or 0.92 per cent, to 6824.6 on Wednesday.
The All Ordinaries closed higher by 63.4 points, or 0.9 per cent, at 7090.9.
Wall Street: US markets climbed on Wednesday local time as Google parent company Alphabet Inc posted strong results, taking its stock 7.0 per cent higher. However Amazon slipped 0.1 per cent as Jeff Bezos announced he would step down as CEO.
The S&P 500 gained 0.10 per cent, to 3,830.17 while the Nasdaq Composite fell 0.016 per cent, to 113,610.54.
The Dow Jones gained 0.12 per cent to hit 30,723.60 points.
Westpac: Australia’s oldest bank, Westpac, has lost its high court appeal over its campaign to push customers into the bank’s BT Super account. The bank was trying to overturn a decision against it which found that it had failed to act in customers’ best interests. Westpac’s BT Super campaign ultimately netted the bank nearly $650 million.
JobSeeker: RBA Governor Philip Lowe has voiced his support for increasing the JobSeeker in a wide-ranging speech on Wednesday. Here’s what he had to say. It comes as the Government prepares to end the Coronavirus Supplement on 31 March.
Microsoft: Software giant and Bing owner Microsoft has put its hand up to help out if Google follows through with its threat to pull its search engine from Australia.
Microsoft president Brad Smith said Microsoft endorses the controversial code, which Google has fought bitterly against.
Service NSW hack: And as many as 30,000 NSW residents are unaware their private information may have been compromised following a huge hack attack on Service NSW in March 2020. Around 104,000 people had their data compromised in the hack, Service NSW Damon Rees told an inquiry on Wednesday, but the government has been unable to reach some 30,000 of those. He said incomplete contact information was to blame.
Have a great day.