Yahoo Finance ASX to rise as $1.5bn pledged to strengthen climate resilience
Good morning.
Here’s Yahoo Finance’s Monday morning wrap:
ASX: The Australian share market looks poised to open in the green after Wall Street finished off last week on a high note off the back of optimism that a Biden administration might promise further pandemic relief.
Wall Street: The Dow Jones closed Friday down 0.57 per cent; the S&P 500 dipped 0.3 per cent; but the NASDAQ closed flat, up 0.09 per cent.
$1.5 billion. That’s how much Australia will pledge across five years to set up a new disaster resilience agency and build a more climate-resilient world. Environment Minister Sussan Ley will make this pledge in an online address to a global climate summit hosted by The Netherlands. More here.
Inflation most likely remained very low as the year 2020 wrapped up. Economists are forecasting a 0.7 per cent quarterly rise to the Consumer Price, which would keep the annual rate at 0.7 per cent – and way below the RBA’s target of 2-3 per cent. More here.
How do we fix Australia’s never-ending, ever-worsening stoush with China? Opposition Leader Anthony Albanese reckons Prime Minister Scott Morrison should reach out to his predecessors John Howard and Kevin Rudd for support. The AFR’s exclusive here.
Meanwhile, Morrison has said he’s open to meeting China’s President, Xi Jinping, but only if there are no preconditions.
"We are always open to meet," he told The Australian on Monday.
"We are open to meet whenever but ... it is a no-conditions meeting."
Speaking of China, it’s been flexing more military muscle in Taiwanese air territory, with tensions rising near the island. China has sent 12 fighter jets into Taiwan’s air defence identification zone for a second day. Read more about that here.
How do you dress for an interview? That’s an open-ended question, but career mentor Amanda Rose reckons there’s one mistake you should avoid. Here’s what she told reporter Lucy Dean.
Have a great day.
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