100 index rose by almost 1% at the open on Wednesday morning to hit 7926.35, surpassing the former high of 7,906.58 set on 3 February.Global markets have rallied in the first weeks of this year on hopes that inflation may be easing, after the shock prompted by soaring energy prices.
The FTSE began to rally at the start of the year, as investors welcomed China’s decision to relax Covid-19 restrictions, which could support global growth. They have also been heartened by the slide in US inflation, as well as the country’s strong employment figures. The oil company BP was the biggest riser on Wednesday morning, climbing just over 3% in morning trading, taking the shares to their highest level since August 2019. Its shares continued their rise, a day after the company revealed its profits had
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David Pocock blasts Albanese government as it reauthorises Nauru offshore immigration detentionLabor also seeks to overturn court decision that forced it to release 100 people from onshore detention despite character concerns AmyRemeikis I'm with David on this one Albo learned from Gillard and Rudd mistakes ... Australian voters will not support unlimited boat arrivals from Indonesia. If they did, Greens primary vote would be much higher. Why give Dutton a gift. will someone start actually blocking labour legislation, then? the only way labour will ever come around on refugees and climate change is if the parties and independents that claim to want progressive action force the issue by making it impossible for labour to govern.
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Detention 'the only way' to stop serious juvenile offending, police commissioner says as more children held in watch housesIn the past 12 months, 100 more children have been held in Queensland watch houses than the 12 months previous, Queensland Police Commissioner Katarina Carroll says. He would say that Military Boot Camp / Boarding school. Run by people who will not take any crap. If that fails - they go to detention. If the juveniles are on the street, they will re-offend. So obviously, keeping them locked up and of the streets keeps people and their stuff safe. When someone comes up with a better solution that works, who knows, maybe we can close most of our jails down.
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Man City could face Premier League expulsion for financial breachesThe Premier League has referred Manchester City to an independent commission over more than 100 alleged breaches of finance rules since the club were acquired by the Abu Dhabi-based City Football Group. How’s Melbourne city gonna go?
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Boral, Suncorp profits lift ASX as margins brightenThe S&P/ASX 200 Index rose 0.4 per cent to 7530.1 points. Boral surged 13 per cent to $3.97 and Suncorp 5 per cent to $13.04.
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An extra $1362 a month: Millions of Aussies set for fresh financial headacheThe Reserve Bank is expected to take the cash rate to its highest point in over a decade, as its past hikes start to bite households. 7NEWS
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Fresh COVID-19 booster shot approved for all adultsAll adult Australians who have not had a COVID-19 infection or been vaccinated in the last six months will be able to get an extra booster shot later this month
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