ASX 200 expected to be ‘in the green' following King's Birthday
Sky News Business Reporter Edward Boyd says the local market is expected to be 'in the green' when the ASX 200 opens on Tuesday.
The major markets are expected to open slightly lower when they begin trading tonight.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Australian
2 hours ago
- The Australian
West Australia could realign its public holidays with eastern states
West Australians could be treated to an additional public holiday next year as the state looks at aligning its system with the east coast. WA currently has the lowest number of public holidays in the nation, and usually has a day off one week earlier than its eastern state counterparts. The state celebrates WA Day on the fist Monday in June, then celebrates the Kings Birthday on the fourth weekend in September. Most other states and territories celebrate the Kings Birthday on the second weekend in June. Premier Roger Cook said it was ridiculous to have a situation where Western Australia closes its doors when the east coast was open for business. Picture: NewsWire/ Sharon Smith Premier Roger Cook said his department was looking at realigning West Australian public holidays with the east coast so they were better synched. 'It is ridiculous you have a situation where Western Australia closes its doors or shuts the shop when the east coast is open for business,' he said. 'Today of course, you'll have frustrated members of the Western Australian business community that can't access their colleagues on the east coast. 'I'm reviewing the whole range of public holidays we have in Western Australia and where they land to make sure that we've got better alignment and that they work better for the WA community 'We are part of a national economy, and we should be working together much better to ensure better alignment around these days. ' Premier Roger Cook said his department was looking at realigning WA's public holidays with the east coast. Picture: NewsWire/Philip Gostelow CCIWA chief economist Aaron Morey said it was a good call from the premier but he did not support an additional public holiday. 'I think it's a good call from the Premier and lining up holidays definitely has public merit, how many birthdays does the king need?' he said. 'We're going to see some distraction today, the Melbourne Collingwood game on, I think people would rather be at home watching that.' But Mr Morey said he did not support having an additional public holiday in WA, which were huge headache for small businesses doing it tough. 'Someone might see a public holiday as a benefit, but for a small business, they just see another day when they have to pay $65 an hour for someone to wash dishes,' he said. 'It's really difficult for small business to navigate and to plan around public holidays, and so certainly not supportive of that concept.'
Sky News AU
2 hours ago
- Sky News AU
Prime Minister Anthony Albanese doubles down on renewables and net zero in National Press Club address
Prime Minister Anthony Albanese will reaffirm his commitment to renewable energy and net zero targets in his National Press Club address on Tuesday. Mr Albanese will deliver his first speech to the press club after being re-elected as Prime Minister of the 48th Parliament of Australia at around 12.30pm. He has outlined his agenda—focusing on housing, healthcare, education, cost of living relief and renewable energy—in an excerpt of his speech provided to Sky News. will stream Mr Albanese's National Press Club address live at 12.30pm AEST. Mr Albanese will say the path to net zero must be grounded in delivery, not ideology, and stress the importance of seizing the economic opportunity of the global shift to clean energy. He has described his vision of the future, 'where we realise our potential as a renewable energy superpower'. 'We are working to meet the environmental challenges of climate change and seize the economic opportunities of renewable energy,' Mr Albanese will say. 'We have legislated our 43 per cent emissions reduction target by 2030 and our commitment to Net Zero by 2050. 'We are delivering our energy policy – renewables, backed by gas, batteries and hydro.' The comments come as political pressure mounts over the mounting cost of the government's climate policy. New analysis from the Institute of Public Affairs revealed that annual federal spending on climate and net zero programs has soared to about $9 billion. IPA deputy executive director Adam Creighton described the scale of climate-related spending as 'ridiculous'. 'Decades of poor decision making, based on flawed and misleading advice and ideology, is crushing… household budgets,' he said. Energy Minister Chris Bowen has repeatedly argued that renewables remain the 'cheapest and cleanest' source of power. The Australian Energy Regulator's default market offer has risen by up to 50 per cent in parts of the country since 2022. Neither Mr Bowen nor Mr Albanese have conceded their 2022 election promise to lower household power bills by $275 has not been met. The government's clean energy transition has also drawn criticism from the Greens following its decision to approve the extension of the North West Shelf gas project. 'You can't have renewables unless you have firming capacity. You don't change a transition through warm thoughts,' Mr Albanese said of the decision. The extension of the gas project was made under the existing Environment Protection and Biodiversity Conservation (EPBC) Act. The EPBC does not require consideration of a project's climate impact. Despite long-flagged reforms to the EPBC Act, Sky News understands the government has decided not to include a climate trigger as part of the update, rejecting calls from the Greens. Greens leader Larissa Waters slammed the gas approval, saying it 'totally undermines the government's commitment to net zero by 2050'. Despite criticism from activists, Mr Albanese maintained the transition must be done responsibly and with a clear-eyed understanding of the challenges ahead. 'Our government's vision and ambition for Australia's future was never dependent on the size of our majority,' he will say in his Press Club speech. 'But you can only build for that future vision if you build confidence that you can deliver on urgent necessities.' He said Australia's mix of natural resources, a skilled workforce and geopolitical stability made it the best place in the world to lead the net zero transition. 'When you consider the resources and energy and technology that a world moving to Net Zero needs… there is nowhere else you would rather be than right here in Australia,' he said.
Sky News AU
2 hours ago
- Sky News AU
9 June
Ooops, an error has occurred! Please call us on 1800 070 535 and we'll help resolve the issue or try again later. The Streaming Subscription provides Australians access to top rating opinion shows, award-winning political coverage, live breaking news, sport and weather, expert business insights and groundbreaking documentaries across four dedicated news channels for $5 a month. This includes: Sky News – Australia's news channel featuring award-winning journalists, insights from the biggest names in opinion, ground-breaking special investigations, and live breaking news, sport and weather. Available live and on-demand. Sky News Extra – A dedicated 24/7 channel featuring live press conferences and Parliament broadcasts, with unfiltered access to Australian democracy in action. Available live. Sky News Weather – Australia's only 24/7 weather channel bringing you the latest weather forecasts from the country's largest team of meteorologists. Available live. FOX SPORTS News – Australia's only 24/7 sports news channel, first and live in breaking sports news. Available live. Stream Sky News channel shows in full live and on-demand on or the Sky News Australia app and cast to your compatible TV. For the best streaming experience, stream your favourite Sky News shows on your compatible Smart TV. For a step-by-step guide on how to sign in on your Smart TV or to find out if your Smart TV is compatible, visit our help page. There is no lock-in contract when you subscribe to a Streaming Subscription. Renewals occur automatically unless cancelled as per full Terms and Conditions . The Streaming Subscription is not available outside of Australia. If overseas (excluding New Zealand), you can access your favourite Sky News Australia programs by signing up to Australia Channel. Sky News Australia's international 24/7 news streaming service. Find out more here. You can continue to access digital-only content, video highlights, and listen to the latest podcasts without a subscription on our website and app. The Streaming Subscription gives subscribers live stream access to unrivalled news and opinion content across four dedicated news channels 24/7.
