Our market is set to fall after a mixed lead from the US overnight. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
Follow the day's financial news and insights from our specialist business reporters on our live blog .If you're catching up on the big news that kicked off the week, Qantas is facing a multi-million-dollar compensation bill after it illegally sacked hundreds of workers during the COVID-19 pandemic, with the Federal Court ordering three former employees will receive a share of $170,000.
Last year, the High Court ruled that the airline broke the law when it stood down 1,700 ground crew members in August 2020, after Qantas appealed two previous Federal Court verdicts. At the Federal Court in Sydney on Monday, Justice Michael Lee ruled that Qantas would be required to pay varying degrees of compensation based on three "test cases".Daniel Ziffer from the ABC business unit with our week-daily blog covering markets, business, finance and economics news.
The ASX 200 looks set to slide, based on the futures market. It's tipped to fall -68-points or -0.8% to 8,308-points.The blue-chip Dow Jones is -0.8% to 42,931-points. The broader S&P 500 is at -0.2% to 5,854-points while the tech-heavy Nasdaq lifted +0.3% to 18,540-points.
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