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ASX to rise as EU cracks down on Aussie travellers

Eliza Bavin
·Personal Finance Editor
·2-min read
The Departures sign at Sydney airport and the cityscape of Paris at sunset.
The ASX is expected to open higher today while the EU has cracked down on Australian travelers as the COVID-19 outbreak continues. (Source: Getty)

Good morning.

ASX: The local market is expected to get a boost this morning after US markets were closed overnight.

This comes after a late rally helped the Australian share market to slim gains yesterday after China's central bank cut loan rates.

Wall Street: US markets were closed overnight in observance of Martin Luther King Jr Day.

But it will be a big week in the US despite the shortened trading week with the likes of Goldman Sachs (GS), Proctor & Gamble (PG), Netflix (NFLX) and United Airlines (UAL) releasing earnings this week.

BTC: Bitcoin was slightly lower overnight, still sitting around the US$42,000 mark.

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This comes as Golden State Warriors superstar and "Splash Brother" Klay Thompson joined the growing number of athletes choosing to take part of their pay in Bitcoin.

De-weeding: Federal funds of $20 million have been set aside to further boost Australia's efforts to combat pests and weeds.

The multi-million-dollar package will be matched by Australia's states and territories to reduce the impact on agriculture, wildlife and the environment.

Travel restrictions: The European Union will tighten COVID-19 travel rules for unvaccinated arrivals from Australia, Argentina and Canada due to rising case numbers.

The 27 EU member states reached an agreement to remove Australia from a list of countries where easier travel restrictions applied, regardless of vaccination status, a press release from the Council of the EU said.

We’re hiring: The rate of hiring workers in Australia was comfortably above its pre-pandemic level in the latter stages of 2021, new research found.

LinkedIn revealed that hiring in the December quarter was 16 per cent higher over the year compared to the same pre-COVID period.

Show must go on: More than $8 million in federal government funding will be spent on the beleaguered agricultural show industry to ensure the show goes on for its showmen and women.

With around 700 Australian ag shows cancelled since the pandemic began, many of the showmen and women who travel the circuit have been left struggling.

-With AAP

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