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ASX to rise as NSW Premier faces inquiry over ex-MP 'stuff up'

Anastasia Santoreneos
·2-min read
SYDNEY, AUSTRALIA - OCTOBER 12: NSW Premier Gladys Berejiklian during a press conference at NSW Parliament House after giving evidence at the NSW Independent Commission Against Corruption on October 12, 2020 in Sydney, Australia. The NSW Premier has been called to give evidence at the Independent Commission Against Corruption on Monday, as part of an inquiry into former Wagga Wagga Liberal MP Daryl Maguire. (Photo by Sam Mooy/Getty Images)
ASX to rise as NSW Premier faces inquiry over ex-MP 'stuff up'. Source: Getty

Good morning.

Here’s Yahoo Finance’s Tuesday morning wrap.

The ASX is expected to rise at the open, with the SPI200 Futures Contract up 48 points to 6,161 after reaching a seven-week trading high on Monday.

In the US, all three major indices were up at the end of trade as investors became optimistic over more fiscal stimulus.

The Dow jones rose 0.88 per cent to 28,837.52 points, the S&P 500 rose 1.64 per cent to 3,534.22 points and the Nasdaq rose 2.56 per cent to 11,876.26 points.

NSW Premier’s ‘stuff up’: Gladys Berejiklian will face another grilling over her relationship with ex-Wagga Wagga MP Daryl Maguire, as the Independent Commission Against Corruption continues its inquiry.

The ICAC accused Maguire of using his public office and parliamentary resources to improperly gain a benefit for himself or for G8way International - a company he allegedly "effectively controlled".

The NSW Premier said she “stuffed up” personally, but not professionally in having a relationship with Maguire.

$1 trillion debt: The Morrison Government has locked in a decade or more of massive budget deficits, but hasn’t got a clear plan to get the nation’s finances back in black.

Here’s independent economist, Stephen Koukoulas’ analysis of the Budget.

‘National disaster’: Australia has seen the first increase in deaths at work since 2007, according to the latest Safe Work Australia data.

Here’s the industry most at risk.

The names Andress, Ursula Andress: This Swiss film actress played Honey Ryder in James Bond’s 1962 Dr. No, and the bikini she wore in her opening scene is set to fetch US$500,000 (AU$691,658) at auction next month.

Here’s what it looks like.

Are you smarter than a first grader? Adults can’t seem to get this math problem set for first graders in the US. Can you?

iPhone 12: Apple is expect to unveil its next iPhone on 14 October. Here’s what we know.

Have a great day.

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