Yahoo Finance Power prices to drop: Yahoo Finance Monday morning wrap
Good morning.
Here’s everything you need to know in Australia and beyond this morning to kick off your morning:
ASX: Australia's share market is set for a positive start to the week, getting a bounce from strong US jobs data.
It comes after a rally on Wall Street and European markets in response to stronger than expected American payroll numbers and falling unemployment, as well as a positive update on US-China trade talks.
Following the global lead, ASX200 futures rose 35 points or 0.5 per cent, pointing to a positive start to trade for the Australian share market on Monday.
AUD: The Australian dollar is sitting at 68.38 US cents.
Good news: home power prices to drop by late 2020. By the end of 2022, almost all Australians are expected to spend an average $97 dollar less on their annual power bills after prices start falling in 2020, the Australian Energy Market Commission says.
Albo backs coal exports: The Opposition Leader Anthony Albanese is on a tour of regional Queensland today. He says Australia can continue to mine and export coal while also having strong climate change policies.
"If Australia stopped exporting today there would not be less demand for coal - the coal would come from a different place," Mr Albanese told Nine on Monday.
"So it would not reduce emissions – which has to be the objective. I don't see a contradiction between that and having a strong climate change policy."
Where will property prices grow next? According to real estate forecasters, Hotspotting, there are several spots where capital gains will almost definitely continue.
“Any market that’s got a university and a major hospital clustered is going to be a centre of great demand for real estate,” property researcher Terry Ryder told Canstar. Here are 10 regions to watch, based on capital growth expectations.
Meanwhile, bad news for the retail sector – or is it? Consumers seem to have made it clear they'll give retailers little to cheer about this Christmas, but 2020 could be a different story if house prices continue to soar and wages and jobs growth beat expectations.
Have you ever wondered how Google and Facebook employees get paid? Our reporter Anastasia Santoreneos did some digging around PayScale. Here are the six-figure sums you’ll pocket if you work for the tech giants.
What are the chances of US President Donald Trump being impeached? Democrats in the House of Representatives are drafting articles of impeachment against President Donald Trump and the judiciary committee may hold a vote this week, the panel's chairman says. More about that here.
–with AAP
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