ASX: The local market is set to rise following another positive session on Wall Street.
Wall Street: US stocks have as data showing a contraction in the US economy for the second straight quarter raised investor speculation the Federal Reserve may not need to be as aggressive with interest rate hikes as some had thought.
The second straight quarterly decline in gross domestic product reported by the Commerce Department on Thursday largely reflected a more moderate pace of inventory accumulation by businesses because of ongoing shortages of motor vehicles.
The Australian Energy Market Operator's report issued today confirmed unprecedented wholesale prices, which were flowing through to households and businesses.
Record wholesale electricity prices averaged $264 per megawatt-hour, more than triple the previous quarter and up $179/MWh - or 210 per cent - on a year earlier, the Quarterly Energy Dynamics report found.
Health Minister Mark Butler will chair the Strengthening Medicare Task Force meeting in Sydney today, which will bring together health experts and policy leaders from across the country.
Greens senator Janet Rice tabled a 31,000-person-strong petition, asking for the suspension to be stretched to 90 days, up from the initial 30-day period.
Grain shipment: United Nations aid chief Martin Griffiths said he was from a Ukrainian Black Sea port could take place imminently but "crucial" details for the safe passage of vessels were still being worked out.
The agreement aims to allow safe passage for grain shipments in and out of Ukrainian ports, blockaded by Russia since its invasion.
Mining: Morrison government approval for contentious mine expansion works in Tasmanian rainforest has been .
Majority Chinese-owned MMG wanted to build a new tailings storage dam at Rosebery on the state's west coast, something it said was needed to ensure its base metals mine could operate beyond 2024.
Its potential use as a marine fuel could help to decarbonise shipping, which accounts for 2-3 per cent of global greenhouse gas emissions.