ASX to dip as US markets shut down

·Finance reporter
·2-min read
The ASX board showing price changes and the exterior of the New York Stock Exchange on Wall Street.
The local market is expected to dip at the open as Wall Street is closed for Thanksgiving. (Source: Getty)

ASX: The local market is expected to fall today with Wall Street closed for Thanksgiving.

This comes after investors cautiously advanced the ASX yesterday after Korea became the second nation in two days to try and ward off inflation by raising rates.

European markets: A bounce in tech shares carried European equities higher.

With US markets closed for Thanksgiving, focus is trained on Europe where a surge in COVID-19 cases is raising the prospect of lockdowns going into the Christmas shopping season.

BTC: Bitcoin has been boosted overnight. This comes as Aussie politicians continue to support cryptocurrency, with Liberal-Nationals MP George Chsitensen adding ‘crypto trader’ to his resume.

Taliban deal: The Taliban claims to have struck its first deal to legally grow and manufacture cannabis products for Australia.

The group claimed it had entered into a $625 million agreement with an Australian medical consulting firm, Cpharm.

Retail boom: Economists are expecting positive retail trade figures today, in what would be a clear sign the economic recovery from the COVID-19 lockdowns is underway.

They predict the data from the Australian Bureau of Statistics will show spending rose by a solid 2 per cent in October, building on the 1.3 per cent increase in September.

Pack your bags: Vietnam will resume international flights from 15 countries, including Australia, starting from December.

Vietnam suspended all international flights at the end of March last year to prevent the spread of COVID-19.

$20 an hour: Australia’s national minimum wage is $20.33 an hour. It’s not a massive amount, but it’s still possible to save money while earning this income.

Cofounder of MoneyGirl, Mariam Mohammed, shared her tips and her story with Yahoo Finance.

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