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ASX to rise as COVID queues set to shorten before the New Year

·2-min read
Cars queue at a Covid testing clinic in Sydney and the ASX board showing price changes.
Covid testing queues are set to get a bit shorter in the lead up to the new year as states are forced to rethink their testing requirements. (Source: Getty)

ASX: The local market is expected to open higher this morning after Wall Street gained overnight.

This comes after the market was closed over the Christmas and Boxing day holidays.

Wall Street: US markets rose for a fifth straight session as conviction in the US economy helped investors shrug off Omicron concerns.

This comes after the Centers for Disease Control and Prevention (CDC) shortened the recommended isolation time for Americans with asymptomatic cases of COVID-19 to five days from the previous guidance of 10 days.

BTC: Bitcoin was down overnight, extending losses after it saw a brief rally on Monday.

Plus, did you know that there is only 10 per cent of Bitcoin still available? This is why we’re running out.

COVID testing: Long queues for COVID-19 testing may shorten ahead of the new year, with states changing their requirements to cope with demand.

Queensland has ditched the day-five test after only 0.6 per cent returned a positive result out of tens of thousands of swabs.

The ACT started downgrading its advice for many locations identified as casual exposure sites to ‘monitor for symptoms’.

And, New South Wales also changed isolation requirements for healthcare staff, meaning they could return to work seven days sooner.

Opening hours: As December nears an end, Aussies are dusting off their 2022 calendars and getting ready to ring in the new year.

Find out exactly when supermarkets and bottle shops will be open over the new year in your state.

Scam alert: After months of searching for a house and hundreds of rejections, this Sydney mum-of-five thought she had hit the jackpot when she found a home for her family to rent before Christmas.

But her dreams were dashed when she realised she had fallen victim to a Facebook scam.

This is what you need to know.

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