Market falls sharply after record run on Wall Street, WiseTech shares rally as Richard White's legal fight ends

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Shares in WiseTech recover mid-session as the bankruptcy case embroiling Richard White is withdrawn. Local stocks drag, with all sectors in the red. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

The local market has fallen sharply in early trade after a mixed lead from the US overnight. Wall Street indices have been near record highs ahead of next month's presidential election.

Even when inflation is low, Transurban enjoys locked-in annual price increases of 4 per cent for most of its roads, secured by decades-long contracts with state governments.It saysmarket, due in part to continued construction works along Footscray Road and the West Gate Freeway as part of the West Gate Tunnel Project and reduced container volumes through the Port of Melbourne.

In a statement Hotel Property said the proposal was "opportunistic" and the revised offer implies a valuation that reflects a material discount to comparable portfolios of pubs.Super group ASFA says new research shows a substantial proportion of people are planning on working past 65 for either social or financial reasons.

A large proportion of respondents said they wanted to maintain part-time or casual work in retirement in order to "keep occupied". Those whose images have been used are not in any way involved in the scams, but their complaints to Meta haven't stopped the proliferation of the practice. "The idea here is: roll out as much protection as we can for them. They can opt out of it if they want to, but we want to be able to make this protection available to them and easy for them."

So let's get it started with RaboBank senior macro strategist Stefan Koopman who has a solid summary. "Back in 2018, trade policy primarily targeted China, with some collateral damage in Europe and Mexico.Unless suppliers have significant profit margins to play with, it is highly likely inflate prices across the economy.

"The deficit is also a looming issue. Trump’s proposals could increase the federal debt by up to $7.5 trillion over a decade, at a time when the U.S. economy is already running a deficit of around 7% of GDP. This would force the government to allocate a larger share of its budget to servicing debt."Following the lead from Wall Street and indications from the futures index, the flagship ASX 200 index has opened down in the early minutes of trade.

This is to provide cash-in-transit services for the "secure movement of banknotes in containers between RBA sites in Melbourne and Sydney ".Some of them might be just 300 to 500 millimetres across, but one of the biggest potential sources of economic conflict is wafer-thin pieces of silicon. Generally, our price is predicated on the wholesale price in Singapore — known as the terminal gate price — and we have a lag of some weeks from the prices there flowing through to the petrol pumps.If it conforms to Wall Street-tracking, our local technology stocks are expected to lead the fall.

"Looking at the figures, it would seem that the outer limits of what that might be up to say, $100,000 per individual employee, depending on how much they were earning at the time," he told my colleagues Kate Ainsworth and Emilia Terzon.

 

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