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ASX to rise, RBA considers climate and 5 other things to start your day

The ASX board and RBA governor Philip Lowe
The ASX is expected to rise this morning. (Source: Getty)

ASX: The local stock market is expected to rise this morning after US stocks rallied over the weekend.

RBA: The Reserve Bank of Australia may soon need to consider the impact its decisions may have on the environment.

The change would mean the central bank would need to consider environmental stability as well as its responsibility to deliver the best decisions on interest rates.

Consumer habits: Speaking of the RBA, the central bank will be watching out for fresh data that will shed more light on Aussie consumer spending and confidence.

Household spending remains a top concern for the RBA, which has been hiking interest rates to try to tame soaring prices.

Workplace changes: Prime Minister Anthony Albanese has introduced a jam-packed workplace relations bill to Parliament.

The mega bill contains changes to industrial relations laws designed to boost wages and improve working conditions, including expanding multi-employer bargaining that will allow employees from multiple workplaces to bargain together.

Ditch the tax: The Victorian Coalition has promised to cut stamp duty to help thousands of families buy their first home - if it wins the state election.

Opposition Leader Matthew Guy said, under the plan, about 7,000 families would be granted a fee exemption for property purchases up to $1 million for one year.

However, the Labor government already offers zero stamp duty for first-home buyers on properties that are $600,000 or less, and a reduced stamp duty charge for homes under $750,000.

Blue tick: Twitter has officially updated its app in the Apple App Store to begin charging $12 (US$8) for a blue check verification mark.

This is the first major change for users since billionaire Elon Musk took over the social media company.

Climate compensation: Delegates at the COP27 climate summit have agreed to discuss whether rich countries should compensate poor countries most vulnerable to climate change.

The delegates are expected to discuss whether wealthier nations should provide funding to poorer nations to help them cope with the consequences of global warming.

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