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ASX to lift as businesses lash out at Andrews

Premier of Victoria Daniel Andrews speaks during a news conference Wednesday, Aug. 5, 2020. Victoria state, Australia's coronavirus hot spot, announced on Monday that businesses will be closed and scaled down in a bid to curb the spread of the virus. (AP Photo/Asanka Brendon Ratnayake)
Daniel Andrews has been blasted for the new lockdown schedule. (AP Photo/Asanka Brendon Ratnayake)

Good morning.

Here’s Yahoo Finance’s Monday morning wrap.

ASX: The ASX is expected to start the week higher after a soft finish on Friday. However investors will be waiting on China’s third-quarter GDP report on Monday morning, with expectations that the country will post a stronger recovery than any other nation.

Wall Street: Wall Street finished last week higher, despite pauses on vaccine trials and continued challenges getting a major stimulus package through Congress.

The Dow Jones Industrial Average rose 110.01 points, or 0.39 per cent, to 28,604.21, the S&P 500 gained 0.58 points, or 0.02 per cent, to 3,483.92 and the Nasdaq Composite dropped 42.32 points, or 0.36 per cent, to 11,671.56.

Victoria: Business owners have been left disappointed by Victorian Premier Daniel Andrews’ “plodding” moves to ease lockdown restrictions. Retail, hospitality and personal care services in Melbourne will need to wait until 1 November to see restrictions ease.

Regional Victorian hospitality businesses can increase their capacity to 70 people outside and 40 inside, but Melbourne needs to wait until 2 November to be able to seat 20 people inside and 50 outside.

Routines: You’ve probably heard that the best thing to do while working from home is to try to replicate your office routine. But workplace expert, Atlassian futurist Dom Price, has a different approach. Here’s why he threw his routine out the window.

Bill Gates: Covid-19 has wrought epic destruction on the world’s economy and health, but there’s another impending catastrophe that will be even worse, billionaire Bill Gates is warning.

A Sydney man has tried to sell his long-time housemate for the low price of $40 on Facebook marketplace. This is the story behind the hilarious listing.

Rentals: Breaking a lease can often be an expensive process - even in the thousands of dollars. However, a new app aims to put an end to that stressful moment by matching up prospective tenants and properties and then re-registering the lease.

myGov: And the ATO tax deadline is only a few weeks away, with Australians now being warned to keep an eye out for scammers posing as myGov. The scam is designed to steal personal details.

With AAP.

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