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ASX to rise as US approves potential $3bn helicopter sale to Australia

·Personal Finance Editor
·2-min read
A composite image of the ASX board showing company price changes and a Black Hawk helicopter landing.
The ASX is expected to rise this morning as the US approves the sale of helicopters to Australia. (Source: Getty)

ASX: The local market is expected to climb this morning after Wall Street rose overnight.

This comes after the local share market rose for a second session in a row, bolstered by more gains by the mining giants and oil producers.

Wall Street: US stocks rose sharply on Thursday as central bankers from across the globe convened for the US Federal Reserve's highly anticipated Jackson Hole economic symposium.

Jobs: Workplace Relations Minister Tony Burke has flagged he is open to the peak union body's proposal for collective bargaining.

The ACTU is pushing for changes to fair work laws to include multi-employer or sector bargaining, which would allow multiple workplaces to make an agreement together.

Train strikes: The bitter dispute between the NSW government and the rail union appears to be at a critical point after two days of strikes in a week, as negotiations continue over a billion-dollar offer.

Health care: Work has begun on designing a program to train hundreds of First Nations healthcare workers to fill critical workforce shortages in Indigenous services.

Up to 500 Indigenous trainees will become accredited in delivering culturally appropriate health services to communities.

Helicopter deal: The US State Department has approved the potential sale of military helicopters and related equipment to Australia for an estimated cost of $2.8 billion (US$1.95 billion), the Pentagon said.

Australia is seeking to boost its military presence in the Pacific.

Puppy mill: Dog breeders are moving to NSW to evade stronger animal protection laws in other states, a parliamentary report on puppy farming has warned.

Limits are needed on the number of dogs a breeder can have, the upper house committee examining the large-scale breeding of dogs and cats found.

Home: An inquisitive and gentle baby koala, found crying for its mother during one of the worst days of this year's catastrophic flooding in the NSW Northern Rivers, has been released back into the wild.

Koala joey Gulliver was found walking on the ground alone in torrential rainfall at Tregeagle, west of Ballina, on February 28.

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