Australia Markets open in 4 hrs 16 mins

Yahoo Finance's morning wrap for Friday

The cost of living varies greatly between Aussie cities. Image: Getty

Good morning.

Markets: The ASX is expected to open higher following a positive lead from the US, where the Dow Jones Industrial Average finished up 1.43 per cent and the S&P 500 finished up 1.88 per cent.

The Aussie dollar is currently buying 67.97 US cents, up from 67.68 US cents on Thursday.

S&P: The S&P 500 had its biggest one-day percentage gain in around two months, boosted by technology shares. All major sectors advanced more than 1 per cent, with the S&P 500 technology index climbing 2.4 per cent. That index previously led the recent sell-off.

Cost of living varies: If you’re looking for the cheapest city to live in in Australia, you shouldn’t be looking at Sydney. New data provided to Yahoo Finance reveals just how much the cost of living adds up to in 8 Aussie cities.

FREE data: 1 million Telstra customers with old plans are set to score bonus data to customers on old plans. The data you’ll receive ranges between 15 and 60 gigabytes.

It’s question time for the governor of the Reserve Bank of Australia, Philip Lowe, and the chairman of the financial regulator, Wayne Byres. Byres will be quizzed on how he’s handling the recommendations from the banking Royal Commission, while Lowe will be asked about the central banks activity in a time of slow economic growth.

Packer under scrutiny: The NSW government has launched an inquiry into James Packer’s sale of Crown shares to a Macau-based entertainment company. The inquiry will consider how the casino attempts to remain free of criminal influence and exploitation.

Are you on the right plan? Given the introduction of the NBN and 5G, this is a question worth asking. Find out more here.

Have a great day!

  • With AAP.

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