The ASX is expected to jump this morning as the RBA prepares for a review. (Source: Getty)

ASX: The local market is expected to jump open after US markets close higher over the weekend.

This comes after strong gains in tech stocks and lithium players helped offset weakness in the energy sector.

Wall Street: the S&P 500 ending a three-week losing streak as investors digested the latest assertions from Federal Reserve officials that they remained committed to bringing inflation down.

Crypto: Australians on the cryptocurrency roller coaster have been reassured that the reforms prepared for the previous government did not die in the water.

The volatility of crypto and the growing number of scams associated with crypto assets are, according to their quarterly statement.

RBA Review: Treasurer Jim Chalmers said one project (RBA) was not to shoot Governor Philip Lowe, but to make sure the monetary policy settings were correct.

There have been criticisms – from economists and the wider community – of the RBA in its handling of monetary policy before and after the COVID-19 pandemic.

Trust: Economic figures are expected to show the impact of rising interest rates and continued pressures on the cost of living.

Retail trade figures released by the Australian Bureau of Statistics on Wednesday will show the first May interest rate hike in more than a decade.

Commodity boom: The treasurer said the marked improvement in the budget was partly a reflection of the “utterly extraordinary”.

Monthly financial statements released by the Department of Finance on Friday showed the underlying budget deficit was $33.4 billion in May, compared to $60.5 billion that was expected after 11 months of fiscal 2021/ 22.

Drink now, pay later: Pubs and clubs across Australia are letting customers go, and experts fear the change could lead to “financial hangovers”.

Researchers at Deakin University in Victoria are investigating whether the schemes leave customers worse off than when paying with other methods like credit cards.

– With PAA

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