ASX to rise as world leaders name their top fears

Extreme weather events and climate change have been named as the top two risks in the WEF Global Risks report. (Source: Getty)

Good morning.

Here’s Yahoo Finance’s Wednesday morning wrap:

ASX: The Australian share market is expected to rise off the back Wall Street that rose as traders eyed signs of further fiscal stimulus.

Wall Street: All three major US bourses are in the green, with NASDAQ up the most by more than 1.5 per cent. Yahoo Finance US reporter Emily McCormick has more here.

Prime Minister Scott Morrison is upbeat about economic recovery this year, but it seems Aussies are less so. The weekly ANZ-Roy Morgan consumer confidence index has dropped for three weeks in a row, and the Westpac-Melbourne Institute monthly consumer sentiment survey for January is expected to drop too. More here.

World leaders have revealed their fears for the next decade. And we’re sensing a theme – at the top of the list, put together by the World Economic Forum, is extreme weather events and failed climate action. Take a look for yourself at what they’ve dubbed as the top risks for the next 10 years.

The World Health Organisation needs to be reformed. Those are the findings of an independent panel reviewing the WHO and its response to COVID-19.

“The bottom line is WHO has no powers to enforce anything,” said panel co-chair Ellen Johnson Sirleaf.

$55 Christmas gift: I was gifted a very useful present last month. I didn’t think it’d make much of a difference, but I found it’s completely changed how I feel about and approach my job, and my productivity. Read about it here.

Penalty for spam: Kogan’s been whacked with a $310,000 fine for sending more than 42 million unwanted marketing messages. The online retailer made it very difficult to unsubscribe from emails, which breaches the Spam Act.

Have a great day.

–with AAP

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