Yahoo Finance ASX to rise as Amazon's cloud goes down
Good morning.
Here’s Yahoo Finance’s Thursday morning wrap.
ASX: The ASX200 is expected to lift at the open on Thursday after punching in a nine-month high on Wednesday. Investors poured into travel stocks including Qantas and Webjet as positive vaccine news continues to bolster shares.
Wall Street: US stocks slipped on Wednesday as traders responded to a rise in weekly jobless claims. The Dow Jones finished 0.58 per cent lower at 29,872.47 points, while the S&P500 also slipped 0.16 per cent to finish at 3,629.65 points.
The tech-heavy Nasdaq went in the other direction, finishing 0.48 per cent higher at 12,094.40 points.
$500: Around 5.1 million Australians will receive two sets of $250 payments from December, however time is running out to claim the payments. Here’s what you need to know.
Boom time? 2020 has been defined by the Covid-19 pandemic but what comes next? Economist Stephen Koukoulas says that while the economic data remains choppy, most of the indicators are pointing up.
Gender pay gap: Australian men take home $25,534 more than women on average, new figures reveal, showing that while the gender pay gap is falling, it’s still stuck above 20 per cent. The Workplace Gender Equality Agency’s director Libby Lyons said the key to closing the gap is for companies to record their pay.
"This trend must not continue," she said.
"Experience tells us that when employers measure their data, identify their problem areas and take action to address it, the pay gap closes."
OECD: Cabinet minister Peter Dutton has stepped out in defense of Mathias Cormann’s bid for the OECD, saying taxpayers need to accept that there is a cost that comes with the campaign, but the cost is reasonable.
"It would be a great win for Australia and something we should be very proud of, but there is always a cost associated with the visits and with lobbying that goes on to get the requisite votes,” Dutton said.
Young Aussies: The pandemic hit all Australians, but young people, people with disabilities and renters were particularly vulnerable, a new report has found. This group of Australians were particularly likely to rely on debt to cover their basic needs.
Amazon: And Amazon’s cloud service, Amazon Web Services has suffered a major outage. More here.
Have a great day.
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