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ASX to rise as Biden expects 'imminent' victory in US Election

Anastasia Santoreneos
·2-min read
Here's Yahoo Finance's Friday morning wrap. Source: Getty
Here's Yahoo Finance's Friday morning wrap. Source: Getty

Good morning.

Here's Yahoo Finance's Friday morning wrap.

The ASX is expected to open strong, after a positive lead from Wall Street overnight.

The local bourse finished yesterday 1.28 per cent higher, with the market responding positively to a lead from Democratic candidate Joe Biden. The SPI200 Futures contract was 36 points higher, at 7:44 AEDT, indicating a good start for the ASX200.

In the US, shares jumped as investors bet on a Republican-held Senate, that would block any potential moves from the Biden administration to raise corporate taxes.

The Dow Jones Industrial Average finished1.73 per cent higher to 28,330.24 points, the S&P 500 closed 1.74 per cent higher to 3,502.81, and the Nasdaq Composite closed 2.26 per cent higher to 11,852.37 points.

Election news: Biden has said he “feels good” about his chances of winning the US election, as he remains just one state away from the White House.

Stay up to date with the latest election coverage here.

RBA cash rate: Australia’s central bank is expected to explain its decision behind cutting the official cash rate to 0.1 per cent in its quarterly statement on monetary policy today.

Make Christmas cheap: After a year of economic turmoil, this festive season will likely see tougher times than any before it.

But with a bit of planning, money expert Nicole Pedersen-McKinnon says you can still have fun and stay within your budget. Here’s how.

Self-care: While this year’s been tough, there’s never been greater focus on keeping our mental wellbeing in check, and ensuring we are practicing good self-care.

However, if you’re lacking some self-care inspo, we asked seven CEOs for their best tips. Here’s what they’ve said.

Sick of virtual meetings? We get it, four (unnecessary) Zoom meetings per day can be tiresome. If you’re finding yourself a bit virtual-meeting fatigued, here are three things you can do.

Have a great day!

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