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ASX to rise with jobless rate set to fall to 4.5%

·2-min read
The ASX board showing price changed and people cross a busy crossing in the Sydney CBD.
The ASX is expected to open higher this morning before the official unemployment figures are released. (Source: Getty)

Good morning.

ASX: The local market is expected to make gains this morning after a choppy session on Wall Street saw stocks fluctuate.

This comes after technology shares plunged yesterday as ASX investors suffered broad losses.

Plus, the incredible story of Afterpay stock came to an end with the market darling delisting from the Aussie market after being acquired by US firm Block (formerly Square).

Wall Street: Stocks fluctuated between gains and losses on Wednesday after a broad sell-off a day earlier.

The S&P 500, Dow and Nasdaq struggled for direction in afternoon trading but managed to eke back gains.

BTC: Less than a month into the New Year and the price of bitcoin (BTC-USD) is off to its worst yearly start since the dawn of crypto, down roughly 40 per cent from its all time high, and analysts are bracing for more volatility ahead.

But, true believers are not backing off.

Watch the video below for more.

Jobs: The unemployment rate is expected to return to the 13-year low seen briefly last year when the latest jobs figures are released today.

Economists expect the labour force report for December will show 60,000 more people were employed and an unemployment rate of 4.5 per cent.

Safety inquiry: Some of the world's biggest tech companies will have their say on proposed laws that would hold them accountable for online harassment and abuse on their platforms.

The proposed laws would force social media platforms to take down offending posts and, in some circumstances, unveil the identity of anonymous posters.

‘Av an avo: Soon you won’t be forced to choose between owning a home and avocado on toast.

At a nursery in the far reaches of Northern NSW, Australian technology is turning the avocado industry on its head by producing clonal avocado plants.

The result means a bigger and better harvest for farmers, which will see prices fall for consumers.

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