ASX set to rise; PM mulls over wage subsidy

Anastasia Santoreneos
·2-min read
The ASX is set to rise. Source: Getty
The ASX is set to rise. Source: Getty

Good morning.

Here’s Yahoo Finance’s Monday morning wrap.

Markets: The ASX is set to rise, despite finishing 5.3 per cent lower at the market close on Friday.

The SPI200 futures contract was up just 0.12 per cent at 0700 AEDT on Monday, suggesting modest early gains.

The Australian dollar was buying 61.48 US cents at 0700 AEDT, up from 61.08 US cents as the market closed on Friday.

PM bans evictions: Prime Minister Scott Morrison announced on Sunday evening that state and territory governments will be moving to put a “moratorium on evictions of persons” as a result of financial distress, if they are unable to meet their commitments.

Public gatherings cut to 2: Morrison also announced public gatherings should be limited to just two people, as cases continue to rise across the country.

WhatsApp your symptoms: In a bid to stamp out coronavirus misinformation, the Australian government has partnered with tech firms to launch an official WhatsApp chat. Here’s how to access it.

Medicare gets a boost: Prime Minister Scott Morrison has revealed the federal government will inject $1.1 billion into Medicare, mental health, domestic violence and emergency food services - immediately. Here’s what that will look like.

Wage subsidy on the cards: Australia is set to follow the UK and Canada in announcing a wage subsidy, as thousands of Australians continue to lose their jobs amid the pandemic.

Don’t work from bed: Working from home can seem like the perfect opportunity to exercise maximum comfort - and work from bed. Here’s why you shouldn’t do that.

Have a great day.

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