Australia markets closed

ASX to open lower as US slips

Are you taking advantage of this tax rule? Image: Getty

Good morning.

Here’s Yahoo Finance’s Friday morning wrap.

ASX: The ASX is expected to slip at the open on Friday after a soft day on Wall Street. 

The SPI 200 futures contract was down 0.23 per cent, or 14 points, at 7:16am AEST suggesting early falls. 

Wall Street: Wall Street stumbled on Thursday US time after a report found the number of Americans receiving benefits had increased, despite hopes that companies were rehiring staff. 

The Dow Jones Industrial Average rose 11.93 points, or 0.05 per cent, to 26,281.82, the S&P 500 lost 10.52 points, or 0.34 per cent, to 3,112.35 and the Nasdaq Composite dropped 67.10 points, or 0.69 per cent, to 9,615.81.

Nevertheless, sentiment is largely upbeat as the number of jobless continues to ease. 

$25k plan panned: Prime Minister Scott Morrison has revealed the $688 million HomeBuilder plan, but it’s been panned by social welfare advocates who claim Australia’s vulnerable have been left behind again. 

Tax time: The 30th of June is only a few weeks away, so it’s time to get cracking on your tax time to-do list. And don’t forget this clever way to get the government to give you $500 for free. 

Gym secrets: Do you run or are you more of a kickboxer? The way we exercise can tell us a lot about our financial habits, one financial adviser has shared. 

Hack your super: It’s been a rough few months for Australians’ super. Yahoo Finance spoke to two experts about what we should know about our superannuation during times of volatility. 

Nikola: You might not have heard of it, but this company is likely worth around US$100 billion, its founder has said. 

Here’s what you need to know about Nikola. 

World Environment Day: And it’s World Environment Day. Here’s what Microsoft is doing to try to become carbon negative. 

With AAP.

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