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ASX to rise despite Wall Street dip

Lucy Dean
·2-min read
Mixed group of millennial aged friends discuss investing and cryptocurrency trading at a cafe
The ASX is tipped to rise. Image: Getty

ASX: The Australian share market is tipped to jump despite a rocky session on Wall Street overnight. ASX futures indicate Aussie shares will beat their eight-month high, as investors bet on Pfizer’s vaccine.

The ASX200 finished up 0.66 per cent to 6,340.5 points, while the broader All Ordinaries finished 28.3 points, or 0.43 per cent higher to 6,544 points.

Wall Street: Wall Street slipped on Tuesday local time as investors ditched the large tech stocks that had profited from the pandemic. Amazon, Facebook, Microsoft and Netflix were among the tech titans pulling it lower.

Trump: Incumbent US President Donald Trump has refused to concede the election, which President-elect Joe Biden has described as “an embarrassment”. Follow our coverage here.

$1 billion fund: Parliament will debate a $1 billion Grid Reliability fund on Wednesday. While the Coalition says the fund will ensure renewables are backed up and tied into the system, Labor and environmental groups are concerned flaws in the structure of the fund will allow money to actually be funnelled to coal and gas projects.

Zoom: Zoom was the darling of the Covid-19 tech boom as its live video services became ubiquitous with lockdown. So what happens when the world begins to open up? There are some early signs it’s not all good.

Property: A new year is on the horizon and with it, new opportunities. And while you might expect investors to be cautious after a year which saw soaring rental vacancies, a new survey shows property investors are surprisingly bullish.

Savings: Has the pandemic smashed a hammer through your savings? With summer around the corner, it’s time to rethink your energy bills. Here’s how 5 million households are planning to save this summer.

$15k gig: And are you a woman who likes to do burnouts? It could be your lucky day. Sydney’s McGrego Casting is looking for a woman aged 20 to 30 to do burnouts for a commercial. For their trouble, they’ll score a sweet $15,000.

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