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Yahoo Finance morning wrap for Wednesday

Jessica Yun
(Source: AAP, Supplied)
(Source: AAP, Supplied)

Good morning.

Here’s everything you need to know in Australia and beyond to kick off your Wednesday:

ASX: The Australian share market is expected to open lower after a negative lead from Wall Street.

The SPI200 futures contract was down 10 points, or 0.16 per cent, at 6,420.0 at 0700 AEST, suggesting a dip for the benchmark S&P/ASX200 on Wednesday.

On Wall Street overnight, the Dow Jones Industrial Average finished down 0.48 per cent, the S&P 500 was down 0.33 per cent and the tech-heavy Nasdaq Composite was down 0.34 per cent. The bourses were weighed down by raised US recession worries and uncertainty over the ongoing US-China trade war.

AUD: The Aussie dollar is buying 67.51 US cents, unchanged from Tuesday.

Temper the trade war: Prime Minister Scott Morrison wants tensions between the world’s two biggest super powers to stop. He’s thrown support behind revisiting global trade rules, saying that the international system had reached a point where China and others have enjoyed growth and expansion to become sophisticated economies.

"The rules that worked for that period won't work so well for the next period if it is going to be an even playing field," he told Sky News in an interview aired on Wednesday.

"It is important this gets addressed."

It’s [Un]Equal Pay Day today. The national gender pay gap is getting narrower and narrower. It’s now at 14 per cent, where six months ago it was at 14.1 per cent. But it still takes women 59 days more than men to earn the same amount of money.

Chase your dreams: When she first entered Parliament, Julie Bishop had a dream to become a foreign minister. One day, at long last, then-Prime Minister John Howard invited her to his office and appointed her Minister... of Ageing. Yahoo Finance heard her explain the 15-year journey it took to get her dream job.

Job hunting? LinkedIn Australia’s careers expert reveals his top tips for a killer profile to get your next job in the bag.

Debt-free: Nataasha is a 29-year-old executive assistant and freelance writer from Brisbane, Queensland.

She earns $63,000 per year, runs a side hustle and paid off a whopping $11,500 of debt last year. Here’s her personal finance story.

Brexit update: British Prime Minister Boris Johnson has told European Commission president Jean-Claude Juncker that Britain will leave without a deal unless the backstop is "abolished".

During a phone call on Tuesday evening, Johnson told Juncker that nothing short of reopening negotiations and removing the Irish backstop would be good enough for his government to consider signing an exit agreement.

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