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ASX to rise as Jeff Bezos’ rocket fails

A composite image of Jeff Bezos and the ASX board showing company price changes.
The ASX is expected to rise this morning. (Source: Reuters/Getty)

ASX: The local market is expected to lift at the open after Wall Street surged overnight.

This comes after the ASX closed higher for a third straight session yesterday, finishing at its highest level this month.

Wall Street: US stocks also kicked the week off higher as Wall Street inched closer to highly anticipated inflation data later this week.

Consumer sentiment: Consumers may say they are worried about their financial positions but spending has remained elevated despite soaring prices and interest rate hikes.

The latest string of surveys may provide further insights into the minds of consumers, with reports on consumer sentiment due from Commonwealth Bank and ANZ/Roy Morgan today.

Migration: Bring the country closer to the city and the city closer to the country.

That's the bold vision for the future of regional Australia, where it's hoped 11 million people will be living by the end of the decade, compared to the 9.5 million today.

Net zero: The Federal Government is being urged to upskill Australians, boost battery storage and plan ahead for coal closures following the passage of landmark laws to tackle climate change.

The peak body for climate action has released a 10-step action plan to fast-track Australia reaching its new emissions-reduction target.

Rental crisis: Older Australian renters are being pushed prematurely into aged care due to high costs, insecurity and insufficient quality of housing, a new report has found.

A national survey of 500 people aged over 50 conducted by Anglicare Australia found significant barriers to ageing at home, which could be addressed by federal policy reform.

Strike: Journalists at some of Australia's biggest newspapers are preparing to vote on whether to walk off the job over a protracted pay dispute.

Several hundred union members at Nine mastheads The Sydney Morning Herald, The Age, The Australian Financial Review, WAToday and The Brisbane Times could stop work as early as Thursday.

Rocket failure: Jeff Bezos' rocket company has suffered its first launch failure. No one was aboard.

The Blue Origin rocket blasted off from West Texas and was barely a minute into the flight when bright yellow flames shot out from around the single engine at the bottom.

The capsule's emergency launch abort system immediately kicked in, lifting the craft off the top. Several minutes later, the capsule parachuted onto the remote desert floor.

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