Australian shares are poised to leap after US figures sent the Dow up 2.6 per cent as investors reassessed how high the Federal Reserve will raise interest rates. ASX futures are up 1.8 per cent.
The Minister for Regional Development, Territories and Local Government Kristy McBain, is in more hot water over her shareholdings, after she appeared to have misled parliament over whether her husband received dividends at a time when he was not supposed to own shares.
Prime Minister Anthony Albanese has said he is “satisfied” with Labor Minister Kristy McBain s explanation after she was revealed to be in breach of the Ministerial Code of Conduct last week.
Peter Dutton has condemned Anthony Albanese’s “different standards” around a potential breach of the ministerial code of conduct and has labelled the emerging scandal as test of the Prime Minister’s leadership.