Yahoo Finance ASX up, wages to grow and 6 other things to start your day
ASX: The local share market is expected to rise this morning despite US stocks wavering overnight.
Pay packet: The low jobless rate is expected to have pushed up wages growth in the September quarter as employee bargaining power took hold.
The wage price index will be released today, with economists expecting a 0.9 per cent rise over the three months to September, after wages grew 0.7 per cent in the June quarter.
But, while the uptick is positive news, it’s still lagging behind the rising cost of living, with the most recent inflation read showing prices climbed more than 7 per cent.
G20 summit: Australia and China have taken the first step towards mending their diplomatic relationship with a "constructive" meeting between the nations’ leaders.
Prime Minister Anthony Albanese met Chinese President Xi Jinping on the sidelines of the G20 summit in Bali on Tuesday. It marked the end of a six-year diplomatic freeze and the start of better relations.
AGL overhaul: Aussie billionaire Mike Cannon-Brookes has won shareholder approval to overhaul the board of AGL Energy, settling his long-running tussle to influence the future direction of Australia's biggest power producer.
Cannon-Brookes took an 11.3 per cent stake in AGL this year, making him its largest shareholder, in a bid to fast-track phasing out coal and transitioning to renewables.
Electric feel: Four in every five Aussies have concerns about making the swap to an electric vehicle, a study by the Consumer Policy Research Centre has found.
The biggest concerns for Aussies making the switch were price, range and charging issues.
Funding slash: Aussie nurses have warned patient well-being is on the line after the Government said it was considering slashing hospital pandemic funding at the end of the year.
In June, the Prime Minister signed off on $760 million in funding to help states and territories deal with the virus, but that support is set to expire on December 31.
Billion-dollar giveaway: Amazon founder and multi-billionaire Jeff Bezos said he would give away the bulk of his $183 billion (US$124 billion) fortune in his lifetime.
Bezos told CNN he would donate the majority of his vast personal fortune to fight climate change.
Product recall: A number of poppy seed products have been recalled after a series of poisonings around the country.
Aussies are being urged to check their pantries for seeds linked to the incidents, after at least 12 people in NSW developed unusual and severe symptoms.
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