The ASX 200 is poised for a weekly gain, mirroring Wall Street's upward trend as the S&P 500 reached a record closing high. Investors react to mixed corporate earnings and President Trump's calls for interest rate and oil price reductions. Australian dollar dips slightly. Kogan shares experience a weekly loss despite earlier gains, while the government announces a $10,000 wage bonus for apprentices in housing construction and clean energy.
The ASX 200 is on track for a weekly gain, after Wall Street ended higher, with the S&P 500 hit a record closing high.
The policy follows today’s release of the Strategic Review of the Australian Apprenticeship Incentive System, which revealed that low wages were a key barrier to entry and completion of apprenticeships. “Thousands of young Australians, especially in our outer suburbs and regions, make huge sacrifices to pursue an apprenticeship so they can get ahead.
The government has set aside enough for just over 60,000 apprentices, although a similar scheme for green jobs attracted only 2,200 applicants. Fashion experts say while the news is troubling, there could still be some hope for the two remaining brands under Mosaic Group's umbrella if the right steps are taken.says Australia is in a cycle at the moment, where the retail market and the consumer are under pressure from inflation and 13 interest rate rises.He says this period is the first time they've had a blip in their apparel business in relation to earnings.
Uncertainty about tariffs has dominated the market's mood as the president said earlier this week that tariffs on imports from Canada, Mexico, China and the European Union could begin on Feb. 1. Analysts, however, widely expect April 1 to be when major plans will be unveiled.
ASX 200 Wall Street Interest Rates Oil Prices Australian Dollar Apprentices Housing Construction Clean Energy
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