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ASX to rise ahead of 'eye-watering' deficit

Lucy Dean
·2-min read
COVID-19 coronavirus in Australia, australian dollar money bill with face mask. COVID global stock market affection. World economy hit by corona virus outbreak. Financial crisis and coronavirus pandemic concept
Australia will finally know the cost of Covid-19 today. Image: Getty

Good morning.

Here’s Yahoo Finance’s Thursday morning wrap.

Stocks: The ASX is expected to open higher on Thursday after tech stocks led Wall Street higher. Additionally, improving vaccine hopes have driven investor sentiment higher.

Budget deficit: Treasurer Josh Frydenberg will deliver an “eye-watering” budget deficit today. Here’s what we know so far.

JobKeeper: The $1,500 fortnightly payment was designed as a way to keep employees and employers connected. But even if you’re on JobKeeper, you could still lose your job. This is how.

Banknotes: Quick! Check your drawers - these Australian banknotes could net you hundreds of thousands thanks to their rare and historic nature.

Delete: A lot of us have a nifty stock trading app, but according to some experts, they might be doing more harm than good. In fact, one expert argues the traditional - and more expensive and inconvenient - way of trading was better for investors.

Airbnb CEO: Travel as we know it is over. That’s the warning from Airbnb CEO and founder Brian Chesky.

“People are saying they do want to get out of the house, regardless what country they're in,” Chesky said. “But they aren't right now super comfortable getting on airplanes. They want to get in cars, and they want to travel not more than 300 miles away or 200 miles, a tank of gas.”

Aged care funding: One day, hopefully, all of us will be old enough to require care. The problem is, according to the majority of Australians, we’re not investing enough in aged care.

Nine in 10 Aussies believe the government needs to cough up more.

Have a great day.

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