Here’s everything you need to know in finance today.
The ASX is expected to bounce at the open today, following strong performance on Wall Street overnight.
The Dow Jones Industrial Average finished up 0.78 per cent higher, while the S&P 500 was up 0.84 per cent and the Nasdaq Composite was up 0.70 per cent.
Wall Street rallied after US President Donald Trump said trade discussions with China were going “very well”. The market is now closely watching 15 December, when new tariffs on Chinese imports were scheduled to take effect.
"December 15 will be the tell," David Lafferty, chief market strategist at Natixis Investment Managers told reporters. "Because if he delays or defers on December 15, we know he's not serious."
‘Two faced’: Trump has also taken aim at Canadian Prime Minister Justin Trudeau, branding him “two-faced” after Trudeau was seen allegedly mocking the US leader during the NATO summit in the UK.
Footage of the scene was posted online by Canadian broadcaster CBC and has been viewed more than five million times.
World leaders including Trudeau, Macron, and Johnson were caught on camera mocking Trump pic.twitter.com/4WQKdnsy5k— NowThis (@nowthisnews) December 4, 2019
Christmas spending is unlikely to be enough to boost economic growth, with economic growth just 0.4 per cent in the September quarter.
"Economic activity has been languishing since the middle of last year and the 'gentle turning point' the Reserve Bank has been expecting for growth does not seem to have materialised yet," St George Economics chief economist Besa Deda said.
Superannuation is unfair to women, several CEOs have said. Women retire with significantly less super than their male counterparts, despite higher life expectancy and that is due to a number of structural flaws in the system, CEOs are warning.
Can shops force you to have items delivered? It’s a question that many shoppers have asked after being forced to pay shipping due to an item not being available in store. So is it legal?
Bunnings’ major change: Bunnings has launched its online marketplace, MarketLink, taking on eBay and Amazon. Here’s what you need to know.
Which is best out of Coles Online, Woolworths or Amazon grocery delivery? We’ve compared the major grocery delivery platforms.
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