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Stocks, AUD, gold, oil all up, global outlook looks bright

Samantha Menzies
·Contributing editor
·2-min read
Aussie markets improve following IMF's revised global outlook. Source: REUTERS/Daniel Munoz
Aussie markets improve following IMF's revised global outlook. Source: REUTERS/Daniel Munoz

Good morning.

Here's everything you need to know about finance markets today.

ASX: The Australian share market looks set to give back some of its gains on Wednesday. According to the latest SPI futures, the ASX 200 is expected to open the day 9 points or 0.1 per cent lower this morning.

Wall Street: The S&P 500 has slipped but stayed near closing record highs posted in consecutive sessions, as investors weighed more strong US economic data against nervousness about upcoming quarterly earnings reports.

AUD: The Australian dollar is trading at 0.7663 to the US dollar as of 7.30am this morning.

Oil: According to Bloomberg, the WTI crude oil price is up 1.3 per cent to US$59.40 a barrel and the Brent crude oil price has risen 1 per cent to US$62.78 a barrel. Strong economic data gave oil prices a lift.

Gold: According to CNBC, the spot gold price is up 0.9 per cent to US$1,744.70 an ounce. The price of the precious metal rose after the US dollar and bond yields eased.

RBA: Reserve Bank governor Philip Lowe has warned lenders he doesn't want to see standards slip at a time of rising house prices. As expected, the central bank left its key interest rates, including the cash rate, at a record low 0.1 per cent at Tuesday's monthly board meeting.

IMF: The International Monetary Fund has raised its outlook for global economic growth again, forecasting worldwide output would rise 6 per cent this year, a rate unseen since the 1970s, thanks largely to the unprecedented policy responses to the COVID-19 pandemic.

Kim Kardashian: The cosmetics and shapewear businesswoman, who launched her career off the reality TV series Keeping Up with The Kardashians, was included on Tuesday for the first time on Forbes magazine's list of the world's billionaires. Forbes said it estimated that Kardashian, 40, is now worth US$1 billion, up from US$780 million in October.

Jobs: While it’s fairly intuitive what kind of behaviours should be side-stepped at work, some aren’t always crystal-clear. According to recruitment and employment experts, here are some things you might not know could put you in the firing line.

Have a great day.

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