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ASX to dip as business blasts ‘unfair’ Labor plan

Lucy Dean
·2-min read
Adelaide city centre bustling with people

Image: Getty

Good morning. Here’s Yahoo Finance’s morning wrap for Thursday.

ASX: The ASX200 is set for a soft morning on Thursday after a weak lead from Wall STreet overnight.

The S&P/ASX200 benchmark index closed higher by 35.7 points, or 0.52 per cent, to 6856.9 on Wednesday.The All Ordinaries closed up by 31.7 points, or 0.45 per cent, at 7133.8.

Wall Street: US markets finished lower on Wednesday local time, ending a six-day rising streak. The slide came amid a fall in technology and consumer services stocks.

Jobs: The business sector has blasted Labor’s industrial relations plan as “unfair”. Labor wants casual workers in industries like healthcare to have portable leave and is calling for more workplace security.

Investing: As Australians continue to pour into the stock market, a leading financial voice has reminded investors that nothing is ever as simple as it seems, and that there are several mistakes that look like common sense.

Small business: Australia’s small business sector is looking to 2021 with hope and are predicting better sales and revenue, according to a survey from more than 400 business owners.

"Australian SMEs continue to show incredible resilience and agility in spite of COVID-19," Mastercard Australasia division president Richard Wormald said. "Innovation really is the bright spot amid the pandemic."

Scams: The Government received 200 reports of the same scam on one day. Here’s what you need to know.

Home improvements: If you’re a landlord who is struggling to find a tenant, it’s important you check that you’ve done everything possible to make your home appealing. Here’s one $176 way to improve your home’s value.

Have a great day.

With AAP.