Home Coffee industry ASX up, YouTube bans anti-vaccine content amid FedEx strike

ASX up, YouTube bans anti-vaccine content amid FedEx strike

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Deliveries will be affected after about 2,500 FedEx employees start a 24-hour midnight strike for job security. Source: Getty

Hello.

Here’s what you need to know about the financial markets today.

ASX: The Australian equity market is expected to rise on Thursday. According to the latest SPI futures, the ASX 200 is expected to open the day 14 points or 0.2% higher this morning.

Wall Street: It was a mixed night of trading on Wall Street, which saw the Dow Jones rise 0.25%, the S&P 500 rise 0.15% and the Nasdaq fall 0.25%.

EUR: The Australian dollar is trading at 0.7174 against the US dollar at 6.30am this morning.

Debt ceiling: Friday at 12:01 am, the “debt ceiling” in the United States will have to be raised and if not, the United States government will be closed. The event was flagged by US Treasury Secretary Janet Yellen as potentially “catastrophic” and US Federal Reserve Chairman Jereome Powell warned it could cause “serious damage.” Here’s all you need to know.

Evergrande: At least some of China Evergrande’s offshore bondholders have not received a coupon due to close offices, sources say, despite the cash-strapped developer reaching a $ 1.5 billion deal. dollars (A $ 2.1 billion) to settle its debt with a Chinese bank. The company, once the best-selling developer in China and is now set to be one of the biggest restructurings ever in the country, has prioritized domestic creditors over offshore bondholders.

Youtube: YouTube says it will block all anti-vaccine content, going beyond its ban on what it calls misinformation about COVID-19 jabs to also include content on other approved vaccines.

FedEx: Thousands of workers at a major parcel delivery service have left their jobs across the country, putting more pressure on the country’s extensive postal system. Deliveries will be affected after about 2,500 FedEx employees start a 24-hour midnight strike for job security.

Housing market: The next few days will see a series of economic indicators provide an update on the state of Australia’s booming housing market in terms of prices, loans and construction. There are growing concerns about the impact of record interest rates on loans as borrowers chase after steadily rising house prices.

Coffee: Coffee drinkers may soon pay more for a dose of caffeine, or be served a lower-quality brew, as global price hikes hit the local coffee industry. The “world price of coffee” has jumped 21.6% this year to $ 3.65 per kilo, according to IBISWorld, driven by climate change and global supply chain issues.

Have a nice day.

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