Australia markets closed
  • ALL ORDS

    7,728.50
    +18.80 (+0.24%)
     
  • AUD/USD

    0.7127
    -0.0008 (-0.11%)
     
  • ASX 200

    7,511.60
    +9.90 (+0.13%)
     
  • OIL

    76.08
    -0.33 (-0.43%)
     
  • GOLD

    1,970.30
    +27.50 (+1.42%)
     
  • BTC-AUD

    33,408.38
    +812.07 (+2.49%)
     
  • CMC Crypto 200

    543.98
    +301.30 (+124.16%)
     

ASX up, gas price caps and 4 other things to start your day

The doctor crisis is reaching a boiling point and China may not be the world's most populous nation anymore.

A composite image of the ASX board showing company price changes and a gas stove top.
The ASX is expected to open higher this morning as the ACCC tries to clear confusion on gas price caps. (Source: Getty)

ASX: The local share market is expected to rise this morning despite a mixed session on Wall Street overnight.

Price caps: The Australian Competition and Consumer Commission (ACCC) has tried to clear up confusion by providing guidelines to help gas companies better understand their obligations under the temporary price cap of $12 per gigajoule.

The ACCC also confirmed it would investigate producers that might be trying to avoid supplying gas below the price cap under the cover of confusion.

Doctor, doctor: The costs of running general practices are becoming too much to bear, doctors have warned, with a lack of government support forcing them to close or charge patients more.

Federal Health Minister Mark Butler said a "comprehensive revamp" of Medicare was needed to make local clinics more viable, and blamed Medicare rebates being frozen or subject to modest increases.

Going green: Most executives increased their investment in sustainability over the past year, with a Deloitte survey finding 82 per cent had been personally impacted by climate events, including extreme heat and powerful storms.

The Deloitte survey of more than 2,000 executives across 24 countries - including 105 in Australia - found pressures to spend more on decarbonisation were expected to grow.

Worker crisis: Mature-age job seekers and people with disabilities are among thousands of Australians struggling to re-enter the workforce despite low unemployment.

While the low unemployment rate is a positive sign, experts say some Australians are being left behind.

Nearly half a million people are unemployed while more than 95,000 face barriers to work such as a lack of recent experience or qualifications.

Ageing population: China's population fell last year for the first time in six decades, a historic turn that is expected to mark the start of a long period of decline with profound implications for its economy and the world.

The country's National Bureau of Statistics reported a drop of roughly 850,000 people for a population of 1.4 billion in 2022, marking the first decline since 1961, the last year of China's Great Famine. The decline possibly makes India the world's most populous nation.

Follow Yahoo Finance on Facebook, LinkedIn, Instagram and Twitter, and subscribe to our free daily newsletter.