ASX to fall as Government urged to ditch tax cuts

The ASX is expected to start the week in the red as eyes turn to the 2022 Budget. (Source: Getty)

ASX: The local market is expected to fall out of the gates as fears of a Russian invasion of Ukraine continue to weigh.

Wall Street: US stocks for the second straight session on Friday, as investors fretted about the deepening tensions between Russia and Ukraine.

Nine of the 11 major S&P 500 sector indexes declined on Friday, led by technology, down 3.0 per cent, and consumer discretionary, down 2.8 per cent.

BTC: held tight around the US$42,000 mark last night. This comes as the regulation debate has been unfolding in the United States.

Meanwhile, the rapid adoption of digital tokens has made the development of a central bank digital currency (CBDC) a more “urgent” proposition, a recently.

black summer: Communities still struggling to recover from the devastating 2019-20 bushfires will receive a further .

The extra funds boost the overall total of the Government’s Black Summer Bushfire Recovery Grants program to $390 million.

Jobs: Some uncertainty remains among economists around this week’s for January due to the impact of the Omicron COVID-19 variant on activity.

The jobs market has been making a strong rebound from last year’s Delta strain lockdowns, which has seen the unemployment rate tumble to a 13-year low of 4.2 per cent.

Budget 2022: The Federal Government’s upcoming budget should focus on for the wealthy, Australia’s peak welfare advocate group said.

In its budget submission to the federal treasury, ACOSS asked the Government to take advantage of a “historic opportunity” to address long-standing inequality.

Elder abuse: The nation’s bankers are again calling on federal and state governments to commit to reforms to help.

As many as 10 per cent of older Australians experience abuse, whether it be financial, legal, emotional, physical or neglect, Australian Banking Association chief executive Anna Bligh said.

Strike: Thousands of NSW nurses will this week for the first time in a decade as part of a long-running campaign for better staffing and pay.

The strike is expected to impact 150 public hospitals when nurses strike from 7:00am on Tuesday.

slip, slop, slap: You would have to spray aerosol sunscreen for a few minutes per limb to achieve the SPF protection that’s labeled on many products, the Cancer Council has warned.

Australians are being urged to as much of the spray is lost in the wind, rendering it less effective.

– With AAP

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