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ASX to rise as international travel one step closer

·2-min read
A plane arriving at Sydney international airport and the ASX board.
The local market is set for a boost at the open as the Federal Government announces international COVID-19 passports (Source: Getty)

Good morning.

ASX: The local market is set for a positive start out of the gate after a strong session from Wall Street on Friday.

Wall St: US markets were boosted as Goldman Sachs was the latest big bank to report strong results and better-than-expected retail sales eased worries about demand.

The three major stock indexes posted gains for the week as well.

The S&P 500 finished the week at 4,471.37, up 0.75 per cent, the Dow Jones was up 1.09 per cent to 35,294.76 and the Nasdaq was up 0.5 per cent at 14,897.34.

BTC: Bitcoin is sitting just shy of cracking the US$60,000 limit, currently down around 1.5 per cent.

International travel: Australians will be able to apply for an international proof of COVID-19 vaccination from tomorrow.

The Government said the rollout would bring all Aussies a step closer to safe overseas travel.

The proof will be available to Australian passport holders and Australian visa holders who have their COVID-19 vaccinations recorded on the Australian Immunisation Register.

Reopening: NSW has further eased restrictions brought in to fight a COVID-19 outbreak after the state passed its 80 per cent full-vaccination target for people aged 16 and over.

NSW hit the full vaccination target a week earlier than expected, and 91.9 per cent of people aged 16 and over have now received at least one dose.

And, businesses were set for a boost in Victoria after the state reached its vaccination target sooner than expected.

The state government announced it would end the lockdown five days earlier than previously planned.

Mental health: The NSW government has announced a new $130 million package to counter the mental health impacts of the pandemic, as the state continues to reopen.

Unveiling the suite of initiatives on Sunday, Premier Dominic Perrottet said mental health was the "untold story of the pandemic".

Have a great day.

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