Here’s your Yahoo Finance Wednesday morning wrap:
ASX: The Australian share market is set to see a slight lift at the open on Tuesday, despite a lacklustre performance on Wall Street overnight.
At 7am AEST, the ASX futures was up 9 points or 0.2 per cent to 6102.
An AUD is buying 71.4 US cents as at 7:37am AEST.
Wall Street slumped overnight, with the S&P 500, the Dow and Nasdaq all closing lower.
Gold is back below its historic US $2,000 per ounce mark.
CBA has posted its 2020 earnings – and the virus has taken a 11.3 per cent bite out of profits. Dividends fell, too. Here’s Yahoo Finance’s write-up.
Wage growth looks like it’ll plunge to record lows. It’s expected we’ll see the annual rate fall to below 2 per cent. More on that here.
Speaking of low wage growth: It’s one of the side-effects of a pandemic; inequality is worsening. And that, in turn, can affect financial markets. Ever wondered why the rich are getting richer and the poor are getting poorer? Here’s what the experts said.
A very popular money app has officially launched in Australia. 30,000 Aussies were already on the waiting list. What’s the big deal?
Remember when US-China tensions were simmering? US President Donald Trump has commented on his relationship with Chinese President Xi Jinping.
"I used to have a very good relationship with him," Trump told Fox Sports Radio on Tuesday.
"I had a great relationship with President Xi. I like him but I don't feel the same way now."
Guess which country has become the first to approve a coronavirus vaccine. And here’s why it’s been met with international skepticism.
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