ASX: The local market is set to lift following another in the US.
Yesterday, the to finish in the green after Australia’s second-quarter inflation data came in .
Wall Street: US stocks ended higher following the Fed announcement, with the following upbeat quarterly reports from Microsoft and Google.
Parliament: The "confronting" news Treasurer Jim Chalmers has been , with revised forecasts - taking in inflationary pressures and global forces - revealing a hit to Australia's economic growth.
In his first statement on the economic outlook to Federal Parliament, he will reveal the economic pain he has been alluding to.
DV leave: A landmark plan to introduce is also set to be unveiled today.
The proposed laws will allow any Australian worker, including casuals, to access 10 days’ paid family and domestic violence leave.
Cheap electric vehicles: Car buyers could as part of the Government's proposal to reduce upfront costs.
Changes to fringe benefits tax and removing the import tariff on electric vehicles are part of proposed reforms to make the cars cheaper for more people.
Net zero: A "great reallocation" of spending is needed to achieve a , modelling by Deloitte Access Economics shows.
Roughly $20 trillion in forecast investments by Australian governments and industry by 2050 needs to be spent differently to get to net-zero greenhouse gas emissions, according to a report released on Thursday.
Property prices: The for the first time in three years, a new report shows.
Domain's June Quarterly House Price Report indicates the average price of a unit in Australia's capital cities rose 0.1 per cent to $618,542, while the median capital city house price fell 0.9 per cent to $1,065,447.
Closing the Gap: More than half the will fail to be met.
That's according to the Productivity Commission's annual data compilation report, although it stressed the data should be treated with caution, being the first set since the baseline year of 2021.
Mining: Rio Tinto has reported a and more than halved its dividend.
The global miner was hurt by weaker iron ore prices - due to cooling demand from top consumer China - higher costs and labour shortages.
Energy: Russia's Gazprom has flowing through a major pipeline from Russia to Europe to 20 per cent of capacity.
It's the latest Nord Stream 1 reduction that Russia has blamed on technical problems but Germany calls a political move to sow uncertainty and push up prices amid the war in Ukraine.
NSW economy: NSW Premier Dominic Perrottet and Trade Minister Stuart Ayres are pushing ahead with despite mounting questions over trade commissioner roles.
It comes at a critical time for Perrottet, who has had to field questions throughout the trip on his knowledge of the appointment of former deputy premier John Barilaro to a US trade envoy position with a yearly salary of $500,000.
Australia's biggest lender remains positive about the medium-term outlook after posting a robust increase in full-year profit and lifting dividends.However, the Commonwealth Bank warns the rapid increase in interest rates is beginning to lead to heightened uncertainty.
Commonwealth Bank says Australia is well positioned to capture the many opportunities of transitioning to a net zero emissions economy but this will require investment of up to $3 trillion by 2050.The country's biggest lender on Wednesday released its latest Climate Report for 2022 outlining its progress in financed emissions targets for four priority sectors consistent with limiting global warming to 1.