Australia Markets closed

Yahoo Finance's morning wrap for Monday

GLEN INNES, AUSTRALIA - NOV 10: Fire burns near the small town of Deepwater on November 10, 2019 in Glen Innes, Australia. (Photo by Brook Mitchell/Getty Images)

Good morning.

Here’s everything you need to know this morning in Australia and beyond:

ASX: The Australian share market is expected to open higher this morning.

The SPI200 futures contract was up 27.0 points, or 0.40 per cent, at 6,726.0 at 0700 AEDT, suggesting a positive start for the benchmark S&P/ASX200 on Monday.

On Wall Street on Friday, the Dow Jones Industrial Average finished up 0.02 per cent, the S&P 500 was up 0.25 per cent and the tech-heavy Nasdaq Composite was up 0.48 per cent.

AUD: The Aussie dollar is buying 68.62 US cents from 68.82 US cents on Friday.

Bushfires are ravaging Australia.

Dodgy gambling sites will be blocked. The nation's communications watchdog will block illegal gambling websites hosted offshore under new powers now in effect.

Australians spend up to $400 million on the dodgy sites each year and often have difficulties recouping their winnings or deposits.

The Australian Communications and Media Authority will investigate suspect sites and if unable to take enforcement action, refer them to internet providers in Australian to block them.

The size of our homes are getting smaller but our apartments are getting bigger. That’s according to data commissioned by CommSec, which says a growing population and a social push to live closer to local services and amenities is the driving force behind the change.

Labor is demanding an inquiry into a regional jobs fund – the Federal government’s $220 million Regional Jobs and Investment Packages program – that handed out cash to projects against the advice of department officials. The auditor-general found serious flaws, and angry at the Coalition’s muted response, Labor now wants the program investigated.

Tassie aged care providers under fire. Two major aged care providers in Tasmania will be under the spotlight in the aged care royal commission this week.

Elon Musk, Oprah, Jeff Bezos, Oprah, Kim Kardashian... The founder of leading comparison website Finder.com.au, Fred Schebesta, shares with Yahoo Finance 20 lessons he’s learnt from some of the world’s best business leaders.

–with AAP

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