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Sydney behind the gates as Melbourne and Adelaide exit lockdown

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As Sydney continues to battle high Covid-19 case numbers, Melbourne and Adelaide will come out of lockdown from 11:59pm local time tonight

From 11.59pm tonight, Victorians will be able to leave their homes for any reason. Restaurants and cafes can also reopen for seated service. Retail and beauty and personal care will open in line with density limits, as will entertainment venues and community facilities.

Melbourne to lift lockdown restrictions

Premier Daniel Andrews has announced the “cautious” easing of restrictions, in place to limit social interaction while allowing business to reopen.

It follows Melbourne and the state of Victoria recording 10 new Covid-19 infections today, which were all linked to current outbreaks and all quarantining whilst infectious. 

What changes for Victoria?

This news will be a welcome relief for businesses who have been severely impacted by this fifth lockdown.

“To every Victorian who checked in with our QR system, who got tested and quarantined, and stayed home to slow the spread of this virus, thank you – it’s because of you we’ve able to get on top of this Delta outbreak and open up our state”

Premier Daniel Andrews

The conservative easing of regulations will see hospitality and retail reopen, with strict density limits, but masks will still be required both indoors and outdoors and visitors at home will remain banned. 

Public gatherings will be allowed with up to 10 people, with infants under 12 months not included in the cap.

“Today is welcome news but with thousands of Victorians in quarantine, we need to remain vigilant to keep each other safe – so please check in everywhere, every time, wear a mask and get vaccinated as soon as you’re eligible.

Minister for Health Martin Foley

However, due to the significant transmission risk we have seen throughout the pandemic, gatherings in the home are still not permitted. People will only be able to book accommodation with their household, intimate partner or single bubble person.

Live music venues, dance classes and physical recreation facilities, including gyms, will all open with density requirements of 1 person per 4sqm.

“We understand that that will be challenging for people who have not seen family and friends for a couple of weeks now … but we know that this is where transmission occurs.”

Mr Andrews also said there will be no crowds at large gatherings for a few weeks.

“No crowds at large events theatres or those sorts of gatherings for at least two weeks.”

A maximum of 50 people will be permitted at weddings. Funerals will also have a cap of 50 mourners, plus those conducting the funeral.

Health officials say they take “some comfort” in knowing that all cases over the past 48 hours have been in isolation whilst infectious. 

Sydney records highest daily covid-19 numbers

NSW has reported 172 new local coronavirus cases on Tuesday, its highest daily case total since the start of Sydney’s current outbreak, with at least 60 infectious in the community.

“My message to everybody is please come forward and get the vaccine,” the Premier said.

“Not only are you protecting yourself but you’re protecting those closest to you.”

Half of Australia’s population in lockdown until midnight Tuesday

Australia’s second-biggest city plunged into lockdown five two weeks ago after an outbreak of COVID-19.

NSW has now recorded its ninth and 10th deaths related to outbreak.

Meanwhile, South Australia’s lockdown is expected to end at midnight but a range of restrictions will remain in place.

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Stocks rally ahead of Thanksgiving as markets log four days of gains

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.

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Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.


Markets are moving into the Thanksgiving break with strong momentum, as stocks notch four straight days of gains. The Dow Jones Industrial Average jumped 388 points, while the S&P 500 added 0.9%, pushing both indexes toward their best week since June.

Oracle led major movers, rising more than 4% after Deutsche Bank reaffirmed its bullish outlook on the tech giant. Broad investor optimism continues building across sectors as economic data softens and earnings remain resilient.

All eyes are now on the Federal Reserve and what potential shifts in interest-rate policy may mean for the markets. U.S. markets will close Thursday for the Thanksgiving holiday and reopen Friday for a shortened trading session.

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#Markets #Stocks #Thanksgiving #DowJones #SP500 #Oracle #FederalReserve #FinanceNews


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Dow surges 500 points amid rate cut optimism

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

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Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

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In Short:
– Dow Jones rose 569 points, reflecting optimism for a Federal Reserve interest rate cut.
– Alphabet’s stock increased as Meta may invest in AI chips, but Nvidia’s declined amid market concerns.
The Dow Jones Industrial Average increased by 569 points or 1.2% on Tuesday, reflecting investor optimism for an upcoming Federal Reserve interest rate cut. The S&P 500 and Nasdaq Composite also posted gains, up 0.8% and 0.4% respectively. This represented a recovery from earlier losses, where the S&P 500 briefly fell by 0.7%.Banner

Markets anticipate an 85% chance of a quarter-point rate cut in December, driven by comments from New York Fed President John Williams, who indicated the possibility of lower rates soon. Investor sentiment strengthened following reports that Kevin Hassett may be appointed as the next Fed chair, potentially resulting in a more lenient monetary policy.

Tech Sector

Alphabet saw its stock rise by over 1% after reports indicated that Meta Platforms might invest in its AI chips. This could signal increased demand for AI technology, benefiting the sector overall. However, Nvidia’s stock fell more than 3%, suggesting concerns about its dominance in the AI chip market.

Investors are also wary of the valuation of tech stocks. Despite recent gains, the S&P 500 and Nasdaq remain down over 1% and 3%, respectively, for November, while the Dow has lost more than 1% this month. The broader market’s performance indicates ongoing scrutiny regarding tech valuations amid changing economic expectations.


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Gold prices surge as Central Banks buy big, but risks grow ahead

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

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Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.


Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.

But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.

Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.

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#gold #markets #centralbanks #economy #finance #investing #interestRates #usdollar


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