ASX to rise as SpaceX launch called off
Good morning.
Here’s Yahoo Finance’s Thursday morning wrap.
ASX: The ASX is expected to open higher as investors around the world begin to feel more optimistic about lockdown rules easing.
The SPI 200 futures contract was up 50 points, or 0.87 per cent, to 5,823.0 at 8:00am AEST on Thursday.
Wall Street: US stocks rose overnight leading the S&P500 to close above 3,000 for the first time since 5 March, thanks to those lockdown hopes.
The Dow Jones Industrial Average rose 553.16 points, or 2.21 per cent, to 25,548.27, the S&P 500 gained 44.36 points, or 1.48 per cent, to 3,036.13, and the Nasdaq Composite added 72.14 points, or 0.77 per cent, to 9,412.36.
SpaceX: NASA and SpaceX’s hotly anticipated launch has been postponed due to “unfavourable weather”. Controllers made the call just 16 minutes before launch, saying the next opportunity will be on Saturday.
"I know there's a lot of disappointment today. The weather got us," reflected Nasa Administrator Jim Bridenstine. "But this was a great day for Nasa and for SpaceX. Our teams worked together in a really impressive way, making good decisions all along. So, let's go; let's go get this done. Saturday is going to be a great day."
Poverty: A new report on poverty in Australia has highlighted just how dire the situation was even before coronavirus hurled a pandemic-shaped hole through the nation’s economy.
Australian households where mum was the main breadwinner were twice as likely to live in poverty, while two-in-three people who lived in a home where the main earner was unemployed were living below the poverty line.
Jeff Bezos: Want to be like Amazon founder Jeff Bezos? This “two pizza” rule is one of the pillars of his success.
Silver linings: The coronavirus pandemic has shaken Australia to its core, but that kind of tremor often leaves space for innovation and creativity. Here are five silver linings.
Have a great day.
With AAP.
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