Wed. Oct 27th, 2021

aerial photo of an NSW regional city and the ASX board.

The local market opens in green today, but Sydneysiders will have to wait a while longer for a weekend trip as regional travel has been delayed (Source: Getty)

Good morning.

ASX: The local market is set to open higher today after a bumper session on Wall Street as global markets begin to shake off inflation fears.

Wall St: US markets rallied overnight as a rise in technology stocks and strong quarterly results helped investors look away from inflation problems.

The S&P 500 rose 1.7 percent to 4,438.26, the Dow Jones rose 1.56 percent to 34,912.56 and the Nasdaq rose 1.73 percent to 14,823.43.

BTC: Bitcoin remained stable, sitting up around 0.8 percent and is worth $ 57,486.

Regional travel: Southern residents will have to stop booking that weekend stay, as travel to regional Australia is still off the cards for a while longer.

Regional travel was set to open when the state hit 80 percent double-dose vaccination targets, a milestone that appears to be hit over the weekend.

However, with low vaccination rates in regional areas, the decision to postpone travel has been made.

Crown casino: The final report on whether gaming giant Crown will retain its Victorian license is due, but the state government will not publish it immediately.

This comes after an NSW inquiry found that Crown was unfit to operate its newly built casino in Barangaroo, Sydney.

This investigation showed that Crown facilitated money laundering, entered into a partnership with junket operators with links to organized crime groups, even after being made aware of these links, and exposed staff to the risk of detention in China.

NFTs: Are non-fungible tokens (NFTs) the real thing or just a transient phase? Take a look at what NFTs really are and all the events in space.

LinkedIn leaves China: Microsoft is shutting down its LinkedIn service in China after censorship rules were tightened by the country’s authorities.

The company said in a blog post that it had faced “a significantly more challenging operating environment and greater compliance requirements in China”.

Have a good day.

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