Australia Markets closed

Yahoo Finance morning wrap for Monday

Man drinking his early morning coffee and reading news paper on this bed

Good morning.

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

ASX: The Australian share market is expected to open little changed despite a positive lead from Wall Street at the end of last week.

The SPI200 futures contract was down 3.0 points, or 0.04 per cent, at 6,794.0 at 0700 AEDT, suggesting a steady start for the benchmark S&P/ASX200 on Monday.

On Wall Street on Friday, the Dow Jones Industrial Average finished up 0.80 per cent, the S&P 500 was up 0.77 per cent and the tech-heavy Nasdaq Composite was up 0.73 per cent.

Wall Street closed at record levels, fuelled by fresh optimism over a potential calming of US-China trade tensions and by big gains in shares of healthcare companies.

AUD: The Aussie dollar is buying 68.15 US cents from 67.92 US cents on Friday.

The government wants to keep driving down energy prices. The Morrison government has offered to do individual deals with each state in a bid to further drive down power prices and ensure electricity reliability.

What are the ingredients for success? We know intelligence (IQ) alone isn’t enough, and for a while now, the narrative has been around EQ, or emotional intelligence. But Alibaba founder Jack Ma and one Goldman Sachs investor has other suggestions: love and adaptability.

The Federal government is also backing three SA infrastructure projects in a bid to speed up the sluggish economy. 

"By bringing forward these important road projects we will drive jobs, boost the economy and make roads safer while reducing travel times so people can be with their families instead of being stuck in traffic," Morrison said.

Bushfires are our punishment for legalising abortion and same-sex marriage. That’s what sacked Wallabies star Israel Folau thinks, anyway.

$650,000 penalty for worker death: A Melbourne company was convicted and fined $650,000 for the death of an employee who fell the height of four floors.

ICYMI

Would you pay more for a house with good feng shui? More than half of Aussies would, and most actually prefer the look of a house with feng shui principles applied to it.

Do you live in Sydney? Domain ranked Harbour City’s 569 suburbs. Find out where yours sits.

Itching for a new job? You could be the ‘fur butler’ to this beautiful Bernese mountain dog, whose name is Kitty. You just need impeccable customer service skills, social media skills, and a deep passion for animals.

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