Here’s Yahoo Finance’s Tuesday morning wrap:
ASX: Large gains are anticipated for the ASX on Tuesday morning after the US Federal Reserve announced it would start buying individual corporate bonds to help that economy.
The program will help lending markets run smoothly and allow employers access to cash.
The local SPI 200 futures contract was up 141 points, or 2.46 per cent, to 5,876.0 at 7:00am AEST on Tuesday.
Wall Street: Wall Street finished higher on Monday after the Federal Reserve’s announcement bolstered confidence.
The Dow Jones Industrial Average rose 157.62 points, or 0.62 per cent, to 25,763.16, the S&P 500 gained 25.28 points, or 0.83 per cent, to 3,066.59 and the Nasdaq Composite added 137.22 points, or 1.43 per cent, to 9,726.02.
NSW: NSW Treasurer Dominic Perrottet is set to deliver a gloomy economic update on Tuesday, where he will warn that state GDP will shrink by 10 per cent in 2019/20. He will also forecast unemployment to leap to 7.75 per cent, with 275,000 jobs lost.
Water bills: But there could be some good news for embattled Sydney-siders: their water bill could temporarily drop, according to new charges set by the Independent Pricing and Regulatory Tribunal. From 1 July, the average annual water bill will fall by around 7 per cent or $81 to $1,131. But when the next dry spell arrives, prices will leap to encourage savings.
Open house: Trying to sell a house? When it comes to opening your house, this is what you need to ditch, need to add, and need to do, according to a property stylist.
Kylie Jenner: Entrepreneur and celebrity Kylie Jenner could be in hot water after Forbes levelled extraordinary claims of fraud against her. Here’s what’s going on.
Today: And the Australian Bureau of Statistics will today release its residential property price indexes across the eight capital cities for March this year. This data will detail changes in property prices and total value of Australian housing.