Yahoo Finance Yahoo Finance's morning wrap for Friday
Good morning.
Markets: Markets rebounded as fears of a US-Iran war subsided. Following the ASX's record highs yesterday, Wall St also did the same overnight. The trend is set to loop back to Australia this morning, with the SPI200 suggesting it will open 0.21 per cent higher this morning.
The Australian dollar is buying 68.56 US cents this morning, down from 69.74 US cents on Thursday.
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There are not enough houses being built. This is especially so in Sydney, where there is a shortfall of 10,000 new homes per year than it needs. This has prompted an industry CEO to warn another price spike might come.
It's 2020, so should you get a credit card? There are buy-now-pay-later services like Afterpay and Zip these days, so should you bother? Here's the answer.
The bushfires are impacting on the Australian economy. Goldman Sachs analysis shows private investment and farm production affected in the short term, with troubles for tourism coming in the longer term. But they could be offset by stimulus from a government previously reticent to spend money.
British MPs have passed Brexit legislation. The milestone ends years of political and economic turmoil, with the UK now expected to leave the European Union by the end of the month.
Have a great weekend!
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