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5 things you need to know today

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Published on: Thursday, March 21, 2019

1. British Prime Minister Theresa May has requested a delay for Brexit until June 30 in a letter to European Council President Donald Tusk, and said that she was not willing to extend it any further.

2. Labor's proposed changes to negative gearing and capital gains tax could see house prices fall by up to 12% between 2020 and 2022 according to report by SQM Research. Shadow treasurer Chris Bowen criticised the report, and was quoted by Domain: "There’s been a parade of shonky property reports claiming to ‘model’ Labor’s reforms, but all fail to make reasonable policy assumptions or factor in Labor’s actual policy settings".

3. NSW Opposition Leader Michael Daley was unable to recall the exact cost for the party's education and TAFE policies as part of the final leaders' debate with Premier Gladys Berejiklian last night.

4. In its latest decision to keep interest rates on hold, the US Federal Reserve indicated that no increases are expected this year. The Fed estimated in December that two rate hikes would occur in 2019.

5. The Dow Jones and S&P 500 fell by 0.55% to 25,745.67 points and 0.29% to 2,824.23 points respectively following the Fed's announcement, while the Nasdaq rose 0.07% to 7,728.97.


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