Yahoo Finance ASX wavers ahead of Budget 2021 reveal this evening
Good morning.
Here's everything you need to know for finance markets today.
ASX: It looks set to be a difficult day for the Australian share market on Tuesday following a poor start to the week on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 59 points or 0.8 per cent lower this morning.
Wall Street: On Wall Street, the Dow Jones dropped 0.1 per cent, the S&P 500 fell 1 per cent, and the Nasdaq tumbled 2.55 per cent.
AUD: The Australian dollar is trading at 7.833 to the US dollar as at 7.55am this morning.
Oil: According to Bloomberg, the WTI crude oil price is down 0.15 per cent to US$64.80 a barrel and the Brent crude oil price has fallen 0.15 per cent to US$68.19 a barrel.
Gold: According to CNBC, the spot gold price is up 0.4 per cent to US$1,838.20 an ounce. Weak US economic data sent the gold price close to a three-month high.
Budget 2021 day: Treasurer Josh Frydenberg is due to hand down the 2021-22 Federal Budget this evening. Here's what we know so far.
Budget 2021: Women: Every Budget from 1984 to 2014 had a gender impact statement. And in a year dominated by gender inequality, workplace harassment, domestic violence and sexual assault, the pressure is on Treasurer Josh Frydenberg to bring it back.
Budget 2021: Mental health: Australia's mental health and aged care systems will receive record funding in the federal budget with billions of dollars set to be spent on the ailing sectors. But experts have warned the packages may only begin to claw back ground after years of funding shortfalls.
Travel incentives: Health Minister Greg Hunt has promoted access to international travel when borders reopen as an incentive for Australians to roll up their sleeves for coronavirus jabs. The Morrison government is creating a three-principle path for reopening, including travel bubbles, immunisation and potential changes to quarantine rules.
Zero emissions: The City of Sydney will fast track its net-zero emissions goal by five years to 2035. Lord Mayor Clover Moore delivered the Environmental Strategy 2021-25 to council on Monday.
JobKeeper: New economic figures will give the first clear gauge of what impact, if any, the end of the JobKeeper wage subsidy has had on employment. The Australian Bureau of Statistics will release its payroll jobs report on Tuesday for the week ending April 24, a precursor to the official labour force report for April due later this month.
Petrol prices: America’s largest fuel pipeline system, the Colonial Pipeline, was forced to shut down on Friday after a cyberattack saw hackers steal huge amounts of data from the company’s network in just two hours. Here's what it means for Aussie petrol prices.
Money mistakes: If you’re like most Aussies, you have financially struggled more than usual during the past year or so. And you might be looking to streamline how you manage money and optimise your economic arrangements. But you’ve probably also wondered: how will it affect my credit score if I change my products, move my money or, if the situation has become/became a little more serious, ask my creditors for financial hardship? Here's the 6 mistakes to avoid.
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