Yahoo Finance Yahoo Finance's morning wrap for Wednesday
Good morning!
Here’s what you need to know in finance this morning.
Mining and health care stocks lifted the Australian share market higher at the close yesterday, but the gains did little to recover the significant losses inflicted during Monday’s trading. The benchmark S&P/ASX200 index was up 23.4 points, or 0.42 per cent, at 5575.9 at 1615 AEDT on Tuesday, while the broader All Ordinaries rose 0.42 per cent.
US stocks returned to the green in another volatile trading session for investors. Stocks were whipsawed Tuesday amid a flurry of headlines relating to trade and government funding. Tuesday afternoon ET, a meeting between President Donald Trump and Democratic congressional leaders descended into an argument over Trump’s proposed U.S.-Mexico border wall.
Why China’s sales ban of Apple iPhones isn’t as bad as it sounds: A ban in Apple’s second largest market which contributed to about one-fifth of its revenue could be devastating to the company. Apple shares dropped 2% in pre-market trading Monday. But the ban isn’t as bad as it sounds.
Juncker warns May there is ‘no room whatsoever’ to change Brexit: Theresa May has set-off on a diplomatic blitz of Europe in a last ditch bid to improve the Brexit deal – but EU leaders have warned the prime minister she will not come away with any concessions. After postponing the ‘meaningful vote’ to avoid a humiliating defeat, embattled May is embarking on a whistle stop tour of European capitals to ask for help in getting the deal past MPs.
Here’s why a 35% house price crash is ‘very unlikely’: “Cashed up first home buyers are set to provide a key source of fresh demand for housing over the next couple of years.”
Australia ranks atrociously in climate change action: Australia’s position on climate change has been described as “unconscionable for a wealthy country”, “irresponsible to the extreme” by leading scientists, and supportive of the oil allies’ rejection of global warming science. Now in the latest Climate Change Performance Index, Australia ranks an abysmal 55th place out of 60 countries on climate protection performance.
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