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ASX to rise, Airbnb to shelter 20,000 Afghan refugees for free

·Contributing editor
·2-min read
Aussie stocks to climb as Afgan crisis worsens. Source: Getty
Aussie stocks to climb as Afgan crisis worsens. Source: Getty

Good morning.

Here's what you need to know about finance markets for today.

ASX: The Australian share market looks set to bounce back today after iron ore and oil prices soared. According to the latest SPI futures, the ASX 200 is expected to open the day 18 points or 0.25% higher this morning.

Global markets: The Dow Jones rise 0.09 per cent, S&P 500 increase 0.15 per cent and Nasdaq hike 0.52 per cent following Pfizer COVID-19 vaccine apporval in the US. The FTSE rose 0.24 per cent on improved European sentiment.

Aussie dollar: The Australian dollar has dropped futher, trading at 0.7257 to the US dollar as at 7am this morning.

Airbnb: Short-term rental platform Airbnb will provide emergency accommodation to thousands of Afghan refugees for free, CEO Brian Chesky announced last night as troops scramble to evacuate people out of Afghanistan amid the Taliban’s recent takeover of Kabul. “Starting today, Airbnb will begin housing 20,000 Afghan refugees globally for free,” Chesky announced on Twitter.

Stolen crypto: The final chunk of $610 million stolen from a cryptocurrency network earlier this month has now been returned, in what has been described as the biggest ever cryptocurrency heist. The hacker had begun returning the money to the Poly Network following the attack, when $200 million of the amount was trapped in a password protected account.

Bitcoin: Picking up groceries at Woolies or Coles, or grabbing a takeaway coffee? Just whip out your bank card and pay for it – with cryptocurrency. As interest in Bitcoin and other crypto skyrockets, the use of these digital currencies are evolving from being just a speculative investment to becoming real money people use in their everyday lives.

FIFA: World soccer's governing body FIFA will receive more than $201 million (A$277 million) in forfeited funds seized during a global soccer corruption probe, the United States Department of Justice says. Since the the corruption probe was unveiled in 2015, more than 50 defendants have been criminally charged. Twenty-seven people and four corporate entities have pleaded guilty, and two people were convicted at trial.

Have a great day.

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