1. The federal government is deferring $1 billion worth of forecast pay-as-you-go tax receipts from businesses and high-income earners to assist with the economic bounceback from COVID-19.

2. Wesfarmers and GPT Property Group released a report outlining which sectors are most impacted in Australia's economy. Online sales surged by 89% and the education and tourism sectors have been hit hard as Chinese students and tourists rethink coming to Australia after their government warned against it due to diplomatic tension.

3. National cabinet is meeting on Friday and are likely to retract even more social restrictions, given that transmission rates do not spread as people return to work and huddle in larger groups like the Black Lives Matter protests.

4. US stock futures were flat in overnight trading, as investor confidence becomes increasingly blurred with the strength across Wall Street and the ASX in the past few weeks. The US is awaiting reports on the Federal Reserve's policy meeting on Wednesday that will give further clarity on the state of the economy and further stimulus.

5. The Dow dropped 1.09% yesterday to 27,272.30. The S&P 500 fell 0.78% to 3,207.18 and Nasdaq proved consumer confidence in tech stocks by rising 0.29% to 9,953.75.