How the ASX reacts to the fires

It’s been a tragic start to the year with bushfires across the country. But how has the ASX responded? And how does it price in any change to the government’s climate change policies?

Bethel Loh from Think Markets gives his analysis on Ticker Today.

Australian share prices appear headed for a flat start to the trading week after the US market on Friday fell from earlier record highs.

The SPI200 futures contract was down 52 points, or 0.76 per cent, to 6817.0 points at 0700 AEDT on Monday after slower-than-expected December US jobs growth prompted Wall Street prices to fall late last week.

Farmers are losing their livestock to the bushfires, with the number of livestock lost in NSW topping 13,000 and is expected to climb. Meanwhile, the federal government has put $50 million towards helping restore Australia’s devastated wildlife as bushfires continue to ravage the country.

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