Yahoo Finance ASX to rise ahead of GDP figures expected to confirm recession
ASX: The Australian share market is set for a perky start to the day, despite the GDP figures that will be released later this morning that will almost certainly confirm Australia is in a recession.
ASX futures was up 23 points or 0.4 per cent to 5950.
Wall Street had a monster day yesterday, with the S&P 500 and Nasdaq closing at record highs overnight, fuelled by positive economic data and more stimulus talks in Washington DC.
Speaking of a recession, it’ll be Australia’s first in around three decades. Experts expect today’s results will reveal an economic contraction of around six per cent for the June quarter.
And just in time: Legislation for JobKeeper 2.0 have passed Parliament.
Property experts are turning their attention to a new capital city as the next hotspot. Its property values have spent years in the doldrums but now there are several factors that make it attractive, especially to first-home buyers. What is it?
Remember the Federal Government’s uni overhauls that would make some degrees cheaper and others double in price? A vote in the Senate showed lack of support for the proposal. More here.
Australia Post workers were asked to volunteer their time to work on the agency’s backlog of parcel deliveries. A spokesman said staff would be reimbursed for their car use and those who volunteer would get time off in lieu. Here’s more on that.
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