ASX to rise as electric vehicle summit begins

·2-min read
The ASX board showing company price changes and an electric vehicle using a charging station.
The ASX is expected to rise this morning as leaders gather in Canberra to discuss the future of electric vehicles in Australia. (Source: Getty)

ASX: The local market is expected to rise this morning after US markets finished higher at the end of another choppy session.

This comes after the ASX ended its three-day winning streak yesterday, closing modestly lower.

Wall Street: US stocks finished higher on Thursday with the major averages logging modest gains.

Trade deal: The outgoing European ambassador to Australia has flagged the signing of a long-awaited free trade agreement within the next year amid a sense of urgency from both sides.

Michael Pulch, who is due to depart Australia at the end of the month, said there were no deal-breakers inhibiting the agreement, with representatives due to meet in Brussels in October.

EV summit: Australia's electric vehicle future will be the subject of a national summit to discuss ideas to increase uptake and reduce costs.

The inaugural summit, co-founded by tech billionaire Mike Cannon-Brookes, will bring together government and industry figures in Canberra today.

The Federal Government is being urged to accelerate Australia's take-up of the cars.

Strike: Darwin public school teachers are set to strike as part of an ongoing pay dispute with the Northern Territory government.

Teachers will walk off the job for four hours today, the day before the by-election to replace former chief minister Michael Gunner in the relatively safe Labor seat of Fannie Bay.

Vape nation: Anti-tobacco campaigns are running out of puff, with a new report indicating a shift in public health campaign funding and attention to e-cigarettes.

A fresh study published in the Australian and New Zealand Journal of Public Health interviewed 31 experts, including tobacco-control advocates and health practitioners, who said new messaging and funds were needed for stagnating campaigns.

Hot stuff: Australia's blistering heat waves kill many more people than any other natural hazard, and more can - and should - be done to prepare for future events, new research said.

Hospital emergency and ambulance demand, as well as mortality, increased significantly during heatwaves, research from James Cook University found.

  • With AAP

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