Prime Minister Anthony Albanese said that if re-elected his government would invest A$8.5 billion ($5.4 billion) in Australia’s universal health care system.
Australian Treasurer Jim Chalmers said he would be traveling to Washington DC later on Sunday as the US ally presses its case to be excluded from tariffs.
The Cook Islands said it has formalized cooperation pacts with China, including an action plan for a comprehensive strategic partnership and an agreement covering exploration for seabed minerals.
Asian stocks were poised to advance and major currencies edged higher versus the dollar early Monday amid positive sentiment for riskier assets after a rebound on Wall Street and expectations for less aggressive monetary tightening.
Asian equities are set to open the week with a tailwind from US stocks closing at the highest in a month as easing inflation expectations fuel January’s global share rally.
Asian equities are poised to follow Wall Street higher on Thursday as wagers for a further softening of US inflation buoy appetite for risk taking in global markets.
Stocks rallied in Asia Thursday, putting a gauge of the region’s equities on
course to snap five days of declines after US shares climbed on improved
consumer confidence and better-than-expected earnings.
The dollar rose and stocks were likely to face downward pressure as markets open
in Asia on Monday to news of growing unrest in China over Covid restrictions.