Yahoo Finance ASX to rise as vaccine plan revealed
Good morning. Here’s Yahoo Finance’s morning wrap for Monday.
ASX: The ASX is expected to etch a small rise at the open on Monday after recording its best week in the last 13 on Friday.
The S&P/ASX200 benchmark index closed higher by 75 points, or 1.11 per cent, to 6840.5 on Friday on Friday. The All Ordinaries closed higher by 75 points, or 1.07 per cent, at 7112.9.
Investors are now turning their attention to the upcoming earnings season.
Wall Street: The S&P500 had its best week since November last week, with American markets extending their rally on Friday local time as investors anticipate the next stimulus package.
The Dow Jones Industrial Average rose 92.38 points, or 0.3 per cent, to 31,148.24 on Friday, the S&P 500 gained 15.09 points, or 0.39 per cent, at 3,886.83 and the Nasdaq Composite added 78.55 points, or 0.57 per cent, at 13,856.30.
Vaccine proof: Australians will receive physical and digital vaccine certificates proving they have been inoculated against the COVID-19 virus, with the certificates used for travel and to hold some jobs. Here’s what we know.
Frontline staff, border workers and hotel quarantine workers will be among the first Australians to get the vaccine.
Redundancies: A major business group has claimed the Government’s redundancy safety net is too generous and warned it will prove extremely costly when the JobKeeper wage subsidy ends on 28 March.
JobKeeper: It comes as Labor continues its criticism of the Government’s JobKeeper conclusion date, calling for more support. The Government has said it continues to talk to the hard-hit aviation industry about its future.
Jeff Bezos: He’s the world’s second-richest man and founder of Amazon. The secret to that? Innovation. This is what that means for stocks.
Voucher power: The South Australian voucher scheme triggered 60,000 in bookings, with Premier Stephen Marshall describing it as a success. This is what happened.
$500: Around 85,000 Perth residents will be eligible for a $500 electricity offset in a bid to stem the fallout from the state’s lightning five-day crackdown.
"I know this won't cover the cost of a lockdown, I understand, but I hope it does provide some form of help," Premier Mark McGowan said.
Scam: And Australians have warned to keep an eye out against a new Paypal and Netflix scam that uses email to attack. This is what you need to know.
Have a great day.
With AAP.
