Yahoo Finance ASX to rise as crypto surges and banks offer up incentives
Good morning.
Here's everything you need to know about finance markets for today.
ASX: It looks set to be a better day of trade for the Australian share market on Tuesday. According to the latest SPI futures, the ASX 200 is expected to open the day 9 points or 0.1 per cent higher this morning.
Global markets: Wall Street shares had a wobbly start to the week thanks to glum Chinese data but finished reasonably positive. The Dow Jones rose 0.4 per cent, S&P 500 climbed 0.25 per cent and Nasdaq dropped 0.2 per cent. Meanwhile stocks in Europe dipped. The FTSE ended 0.1 per cent lower, dented by the Chinese data.
Aussie dollar: The Australian dollar is trading at 0.7333 to the US dollar as at 7am this morning.
Cryptocurrency: The cryptocurrency market cap headed above $2 trillion for the first time since May, as Bitcoin (BTC-USD) saw through its fourth straight bullish week and other tokens such as ethereum (ETH-USD) and dogecoin (DOGE-USD) headed upwards.
Anti-vaccine misinformation: High-flying social media startup Linktree is scrambling to deal with anti-vaxxers and conspiracy theorists using the platform to spread misinformation. Some Linktree users are posting links on the platform to spread baseless QAnon conspiracy theories about child sex trafficking rings, misinformation about the coronavirus pandemic or anti-vaccination information.
Cash incentive: Dozens of lenders are offering Aussies cashback deals of up to $5,000 to charm over new customers and convince existing mortgage holders to refinance.
Day off: Aussie brand Bonds has been applauded on social media after it announced it was giving its staff a day off for their mental health. In a post shared on Facebook it said its support and distribution centres would be closed for one day on Monday to give staff a well-earned rest.
Have a great day.
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