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ASX to rise as Aussies given one-off public holiday

·Personal Finance Editor
·2-min read
A composite image of the ASX board showing company price changes and a crowd of people.
The ASX is expected to open higher this morning. (Source: Getty)

ASX: The local market is expected to surge this morning following a rally on Wall Street in its Friday session.

This comes after the ASX snapped its two-week losing streak, thanks in part to the mining sector, which bounced back from its worst week in two years.

Wall Street: US stocks extended a broad-based rebound on Friday, capping a sell-off that spanned three consecutive weeks.

Day of mourning: Australia will have a one-off public holiday as the nation remembers the life of Queen Elizabeth II.

Prime Minister Anthony Albanese on Sunday confirmed the country would hold a national day of mourning for the late monarch on Thursday, September 22.

Crypto: It's the biggest event in blockchain in years - and Australian crypto fans are ready for it.

Barring an unforeseen catastrophe, Ethereum this week will undertake "the merge", upgrading from an energy-hungry network to an environmentally friendly one that uses around 99.9 per cent less electricity.

Investor visa: A program for deep-pocketed international investors to buy their way into Australia could be axed under a review of the nation's migration system.

The significant investor visa allows skilled migrants to have their visa applications fast-tracked if they invest $5 million in Australia.

Aged care: The Federal Government should be scrutinised more over the rising number of COVID-19 deaths in aged care, Independent MP Rebekha Sharkie said.

More than 3,000 Australians have died with COVID-19 in aged care facilities this year, which is almost triple the number of deaths in the first two years of the pandemic.

Mystery: Events leading up to fraudster Melissa Caddick's mysterious disappearance before her foot washed up on a NSW south coast beach are set to be scrutinised in an inquest.

The purported investment broker disappeared in November 2020, hours after the Australian Federal Police and Australian Securities and Investments Commission raided her Dover Heights home in Sydney's eastern suburbs.

Surprising move: Kim Kardashian turned heads with the announcement of her latest business venture: private equity.

Kardashian will team up with former Carlyle Group partner Jay Sammons to launch the new private equity firm, SKKY Partners, which will focus on investments in the consumer, hospitality, luxury, digital commerce and media sectors.

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