Yahoo Finance ASX to rise on Wall St gains
Good morning.
Here's Yahoo Finance's Tuesday morning wrap.
The ASX is expected to rise at the opening of trade, after Wall Street rose sharply overnight.
The Reserve Bank of Australia will today meet to discuss the official cash rate, although it is unlikely it will make any changes.
One Australian dollar was buying 69.73 US cents at 8 AEST, up from 69.72 US cents at the close of trade on Monday.
In the US, stocks rose as US services industry activity rebounded in June, and expectations of a revival in China’s economy boosted optimism.
Investors seemingly looked past the surge in Covid-19 cases, and the reimposed lockdown restrictions in several states.
The Dow Jones Industrial Average rose 459.67 points on Monday, or 1.78 per cent, to 26,287.03, the S&P 500 gained 49.71 points, or 1.59 per cent, to 3,179.72 and the Nasdaq Composite added 226.02 points, or 2.21 per cent, to 10,433.65.
You’re filing your taxes wrong: Cybersecurity experts are warning Australians to be vigilant this year about filing their taxes, with a number of tax-related scams already circulating online.
Here are six mistakes you might be making, and how to avoid them.
Amazon rallies: Amazon.com Inc. rallied on Monday, with the stock extending a recent advance deeper into record territory and topping $3,000 for the first time.
Shares rose as much as 4.8 per cent to touch $3,030.30, and were on track for their fourth straight daily gain.
Homelessness support services inundated: A parliamentary inquiry into homelessness kicks off today, as the sector’s support services say they are struggling to keep up with demand.
Services are calling for a permanent increase in welfare payments, rent assistance and a boost in social housing.
The banknote worth $4,500: A regular $5 dollar note might buy you a coffee or a block of chocolate at Woolies, but one particular type of five dollar note might buy you something a little pricier - something worth thousands.
Here’s the banknote collectors will spend $4,500 on.
Have a great day.
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