The Australian share market is on track to open higher, following a record-breaking performance on Wall Street as megacap tech stocks drove the Nasdaq to a record close above 20,000 points.
For decades, it has concentrated mostly on small and relatively defenceless targets when it comes to legal action and either avoided the big end of town or negotiated out-of-court settlements with well-funded entities. The laws shut down scores of small vapes sellers across the country, by restricting the products to pharmacies only, whether they contain nicotine or not, as well as banning single-use vapes and restricting flavours.The Reserve Bank's deputy governor has encouraged Australians not to stress too much about the likely impact on Australia's economy of a tit-for-tat trade war sparked by Donald Trump's presidency, and the problems it may cause for inflation next year.
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Markets live: Tech stocks drive S&P 500 and Nasdaq to new record highs, ASX to rise slightlyThe local share market is likely to open slightly higher, near record highs, while the Australian dollar fell as low as 64 US cents overnight. Follow live.
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US Stocks Quiet Amid Record Levels, Bitcoin Surges Above $US103,000US stocks remained largely stable as major indexes hovered near record levels before Friday's jobs report. Bitcoin saw a sharp spike above $US103,000, although it later retreated. The S&P 500 edged up 0.1%, the Dow fell 0.3%, and the Nasdaq increased slightly. American Airlines Group led gains with a 15.3% surge after announcing better-than-expected financial forecasts.
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