ASX: The local market is expected to jump this morning after the US rallied in its Friday session.
This came after a broad sell-off in mining and energy stocks late in the session on Friday, as investors remained jittery over prospects of a slowdown in global growth.
Wall Street: on Friday, as equities steadied after their worst start to the year in decades.
The S&P 500 rose by about 1.1 per cent, the Dow Jones Industrial Average added 322 points, or 1.1 per cent, while the Nasdaq Composite gained 0.9 per cent.
Crypto: Canadian crypto broker Voyager Digital has .
The decision comes after the firm gave a to crypto hedge fund Three Arrows Capital after it failed to repay more than US$644 million in borrowed bitcoin and USDC.
Ukraine crisis: Australia will provide 34 additional armoured vehicles to Ukraine and prohibit Russian gold imports, Prime Minister Anthony Albanese said during a historic visit to the besieged country.
Speaking in Kyiv alongside Ukraine President Volodymyr Zelenskiy, Albanese said on 16 more Russian ministers and oligarchs, bringing the total number of Russian individuals sanctioned by Australia to 843.
RBA: There appears to be little doubt that the Reserve Bank of Australia (RBA) will for the third month in a row when its board meets on Tuesday.
If economists are correct, borrowers will be looking at another 50-basis-point increase as the RBA tries to rein in inflation as it balloons towards 7 per cent this year from an already-lofty 5.1 per cent.
Floods: NSW residents were hit by more with dangerous downpours continuing overnight.
Areas stretching from Newcastle to the South Coast and as far inland as Oberon are at risk, but especially western Sydney's flood-prone Hawkesbury-Nepean area.
New flavour: Coca-Cola has teamed up with DJ Marshmello to unveil a new and unexpected flavour.
While fans might have expected a sweet marshmallow taste, the .
Biotech giant CSL expects profit to rebound in the current fiscal year, after reporting a decline for the 2021/22 year, but has also flagged higher costs as blood plasma collection volumes return to pre-pandemic levels.The vaccine and blood products supplier expects net profit for fiscal 2022/23 to range between $US2.
Wall Street's main indexes have fallen after latest data suggested labour market conditions remain tight, while investors assessed minutes from the Federal Reserve's July meeting that indicated a less aggressive monetary policy tightening path.Eight of the 11 major S&P; 500 sectors declined in early trading, with consumer discretionary and communication services stocks leading losses.
Cloud accounting technology company Xero has warned of another year of volatility for small business customers.Xero chair David Thodey said on Thursday supply chains remain constrained, contributing to levels of inflation not seen since the 1980s, interest rates are rising, and global economic growth is predicted to slow.
Transurban says its fourth-quarter toll road traffic exceeded pre-pandemic levels, but is forecasting a 2022/23 return to shareholders well below market expectations.The toll road operator on Thursday said it expects to distribute 53 cents per share in FY2023, 30 per cent higher than in 2021/22 but under consensus estimates of 60 cents.
Super Retail Group says sales rebounded in the second half of fiscal 2022 and the new year is off to a strong start, but it's expecting that momentum to slow as interest rates hikes and inflation bite.The Supercheap Auto, Rebel Sports, BCF (Boating, Camping and Fishing) and Macpac brand owner on Wednesday reported $3.
Redbubble shares have plunged after the print-on-demand online marketplace saw a drop in active customers and said its operating expenses could rise as much as 31 per cent.The Melbourne company reported on Wednesday that revenue dropped 14 per cent to $483 million in the 12 months to June 30, compared to the prior year on a constant currency basis.
Santos is reaping the gains of energy instability at home and abroad with a record result in the first half of 2022.The oil and gas company on Wednesday reported record production, earnings, cashflow and a tripling in underlying profit in the six months to June 30 on increased demand and rising prices.