The rental market in Australia is “the worst it’s ever been”, but prices are also plateauing.

National house prices are losing steam, and experts say it could be a sign of things to come for renters.

Experts say it’s going to take a long time for any decrease in prices to flow down to renters.

Read more from Hannah Murphy.

Super funds will be able to charge members fees for “limited” financial advice under new laws.

Some stakeholders fear the quality of advice will be poor and the fees charged will be too high, but the assistant treasurer says current rules are restricting Australians from getting simple retirement advice.

Assistant Treasurer Stephen Jones says the legislation will be introduced during this term of parliament and he will ask prudential regulator APRA to set some guidelines once the laws are in place.

Read more from Business Reporter Nassim Khadem.

The Korean won fell sharply overnight, after South Korea’s president declared martial law.

Initially the won was down to a more than two year low against the US dollar but has since recovered some ground as the country’s lawmakers voted down the move.

Exchange-traded funds linked to South Korean stocks posted similar moves, Reuters said.

“Markets are in a risk-off mode following the surprise announcement of martial law by the South Korean President Yoon Suk Yeol,” ANZ Research analysts noted.

You can follow developments on the ABC News live blog here:

The Nasdaq edged higher on Tuesday as tech-related shares extended recent gains and investors digested reassuring comments from Federal Reserve policymakers.

Two policymakers said they see inflation heading down to the US central bank’s 2% target and that the job market is “solid.”

They stayed away from signaling whether they would support another interest rate cut later this month. On Monday, Fed Governor Christopher Waller said he was inclined “at present” to support another rate cut this month.

The Nasdaq hit an intraday record high earlier.

“This is a market that has performed extremely well. You want it to pause, take a breather and wait for another catalyst to push it higher,” said Quincy Krosby, chief global strategist, LPL Financial in Charlotte, North Carolina.

Investors will pay close attention to the US monthly employment report on Friday. A November reading of private payrolls is due on Wednesday.

Shares of Amazon rose 1.1%. The company announced a new slate of artificial intelligence platforms, known as foundation models, at its annual AWS conference.

The S&P 500 was fairly flat and the Dow was 0.1 per cent lower.

Cosmetic injections such as Botox were once thought to be something women sought out to defy the aging process, but increasingly that is no longer the case.

The increased consumer demand, and guidelines that allow registered and enrolled nurses to use telehealth doctors to get scripts for the prescription-only drugs, have fuelled massive growth in the cosmetic injectables industry.

In 2023, Wesfarmers paid $135 million for digital health company InstantScripts.

In Australia, only doctors and nurse practitioners can prescribe the Schedule 4 drugs used for anti-wrinkle injections, or dermal fillers.

However, registered and enrolled nurses can use telehealth doctor services known in the industry as “scripters”.

Some in the cosmetic injectables industry are concerned about the rise of scripting businesses, particularly when the prescribing doctor is not locally based.

Scripting businesses defend the practice and argue they can link patients to other doctors closer to where they live if things go wrong.

The Australian Health Practitioner Regulation Agency (AHPRA) and the Therapeutic Goods Association (TGA) have also moved to clamp down on the industry by banning practitioners from advertising branded products and using “before and after” photos.

Watch this story by Business Reporter Rhiana Whitson.

Good morning and welcome to Wednesday’s markets live blog, where we’ll bring you the latest price action and news on the ASX and beyond.

A mixed session on Wall Street overnight sets the tone for local market action today.

The Dow Jones index dropped 0.1 per cent, the S&P 500 was flat and the Nasdaq Composite gained 0.2 per cent.

ASX futures were down 23 points or 0.3 per cent to 8,499 at 7am AEDT.

At the same time, the Australian dollar was up 0.2 per cent to 64.82 US cents.

Brent crude oil was up 2.6 per cent, trading at $US73.68 a barrel.

Spot gold gained 0.1 per cent to $US2,643.06.

Iron ore advanced 0.5 per cent to $US105.10 a tonne.

Bitcoin has bounced back above $US95,000.