澳洲新闻 (ABC新闻快递) 2016-03-30

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The states and territories could soon be responsible for setting their own tax rates on the proposed changes to the, to be unveiled by the federal government. The ABC understands the leaders have been briefed on the potential changes ahead of their meeting with the prime minister Malcolm Turnbull on Friday. The shakeup is expected to offsets¹ some of the shortfall in health and education funding following cuts by the former prime minister Tony Abbott in his first budget. 

Wall Street is trading higher, buoyed² by comments from US Federal Reserve chair Jenny Yellon, who says the central bank should precede cautiously on raising interest rates. The Australian dollar has jumped 1.2 percent as the greenback weakened after the Fed's comments. Now a short time ago it was worth around 76.4 US cents. 

And on the markets. The Dow is up half a percent, the NASDAQ is up more than 1.5 percent, the S&P 500 is up as you can see there. In London the FTSE is virtually unchanged. 

Checking commodity prices. WTC is traded at 35 US dollars a barrel, Tapis' crude traded at 39 US dollars a barrel, and gold is traded at nearly 1,241 US dollars an ounce. The Australian dollar, as we mentioned, is buying 76 US cents, 68 euro cents, and 53 pence sterling³.