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ASX to rebound as vaccine hesitancy threatens recovery

·2-min read
Hands holding needle and vaccine bottle on background of the ASX
There are warning vaccine hesitancy is threatening the nations economic recovery (Source: Getty)

Good morning.  

Here is your Friday morning wrap.

ASX: The local market is set to open higher this morning after Wall Street snapped a three-day losing streak.

Wall St: US markets were pushed higher comforted by some positive economic data and easing COVID concerns.

On Wall Street, the S&P 500 closed up 1.1 per cent, while the Dow gained 0.6 per cent and the Nasdaq added 1.8 per cent.

  • Watch: US markets pushed higher overnight

Feeling hesitant: Australia's health and economic recovery won't be secured while the vaccine rollout stalls and the community receives mixed messages, ACTU boss Sally McManus said.

The comments come amid concerns about side effects from the AstraZeneca vaccine and calls for a better-targeted communication campaign.

Not good enough: The Victorian government has been slammed over a plan to tax Australian businesses to help pay for an overhaul of the state’s mental health system.

The Mental Health and Wellbeing Levy will hit businesses that pay more than $10 million in national wages with a 0.5 per cent increase. Businesses with national payrolls above $100 million will pay one per cent.

Tax time: As we approach the end of financial year it’s important to understand what you can and cannot claim if you have been working from home this past year.

The ATO recently put out a warning to Aussies not to simply “copy and paste” past tax returns as many of the items you once could have claimed can no longer be deducted if you’ve been working from home.

$1,500: Is your $50 note actually worth a whole lot more? Aussies are checking their wallets after a popular TikToker explained how to find out if your note could be worth $1,500.

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