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ASX to rebound, Wall street drops, AUD down

Samantha Menzies
·Contributing editor
·2-min read
Tuesday morning Finance market wrap. Source: Getty
Tuesday morning Finance market wrap. Source: Getty

Good morning.

Here's everything you need to know in finance markets today.

ASX: The Australian share market looks set to rebound on Tuesday. According to the latest SPI future, the ASX 200 is poised to open 41 points or 0.6 per cent higher this morning. This is despite it being a mixed night of trade on Wall Street.

Wall Street: US stocks dropped from record highs as investors weighed the potential fallout from forced block sales on the rest of Wall Street. Oil rose and Treasury yields climbed higher.

AUD: The Aussie dollar is currently trading at 0.7632 to the US dollar, representing a 0.10 per cent decline.

Women's economic security: Prime Minister Scott Morrison has announced a reshuffle of his cabinet, with a new role, Minister for Women’s Economic Security handed to current Superannuation Minister, Jane Hume. "These changes will shake up what needs shaking up,” Prime Minister Scott Morrison said on Monday.

NSW climate advice: Malcolm Turnbull has landed his first major political role since his ousting as prime minister, taking up a role heading the NSW government's new climate advisory board.

Life expectancy: While none of us know how long we’re going to live, believe it or not the suburb you live where you live could make a big difference. Research by the Public Health Information Development Unit at Torrens University has flagged the suburbs and towns across Australia with the highest and lowest life expectancy.

$500k fraud: Beth Spence doesn’t know how to trust anymore. Even though she lost $500,000 and years of her time, to her, this is the most devastating consequence of the financial disaster that ensnared her and 379 others. “I just don’t trust anyone.”

$15bn jobs promise: Labor will launch a pitch to turbocharge jobs and investment through a $15 billion kitty to drive pandemic recovery if Anthony Albanese becomes prime minister. The government bank would support projects across a range of areas such as mining, with lithium processing for batteries an example.

Turn $100 into $49,195: if you have set up an emergency fund of three to six month’s worth of expenses, gotten out of any high interest debt, not needing the money for the next three years and have a basic understanding of why you’re wanting to invest (#lifegoals) then you’ve got this. Automating your investments is where you set up a direct transfer or direct debit from your bank account to an investment platform regularly (fortnightly, monthly etc). Then they invest your money into your chosen product.

Have a great day.

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