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?
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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