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ASX to rise as France repeals unusual lunch law

Lucy Dean
·2-min read
Paris, France - September 25, 2016: People relaxing, eating and drinking in restaurant in Paris
Image: Getty

ASX: The ASX is expected to climb at the open on Tuesday following a strong lead from Wall Street overnight. Futures early this morning pointed to a jump of 0.4 per cent.

On Monday, the S&P/ASX200 benchmark index closed higher by 62.2 points, or 0.91 per cent, to 6868.9 on Monday. The All Ordinaries closed better by 68.4 points, or 0.97 per cent, at 7149.7.

Wall Street: Global shares rose for the 11th day in the row on Monday as investor sentiment was buoyed by hopes of a huge US$1.9 trillion stimulus package.

Vaccine: Australia has secured some 150 million doses of different COVID vaccines, with the rollout set to begin next Monday. Australia's hotel quarantine workers, frontline health workers and residential and disability workers will be the first to get the jab.

JobKeeper: With the JobKeeper wage subsidy is scheduled to wrap up by the end of March, there are warnings that its expiry will remove a key support pillar from the Australian economy. Treasurer Josh Frydenberg himself has admitted that some sectors like tourism and aviation will face continued challenges.

Its exit will coincide with the end of the higher rate of JobSeeker, prompting further concerns from economists, advocates, business leaders, politicians and unions.

Recovery: The Australian Government has been urged to swing for the fences in planning and delivering the country’s COVID-19 recovery. The Committee for Economic Development of Australia has said we should prioritise investments in aged care, housing and child care.

Reality star: Married at First Sight groom Daniel Phillip Webb is among the 10 men and one woman who have been charged with fraud over an alleged multi-million dollar telemarketing scam. Here’s what’s happening.

Telstra scams: The major telco will take action against as many as 500,000 scam calls a day in a new technology trial. The new Telstra software will block the call at the network level, meaning victims won’t even receive the call at all, The Daily Telegraph reported this morning.

French lunch rule: A law banning French workers from eating al desko, rather than al fresco, has been lifted, meaning workers around the European country will now be able to eat lunch while working.

Previously, French workplace law forbade employers from letting workers eat at their desk, but the pandemic has triggered a shift in the approach. 

Have a great day.

With AAP.

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