Here’s your wrap-up of what’s happening in Australia and around the world to kick-start your week:
ASX: Aussie shares are set for a subdued start to the week despite positive movement in the US and Europe over the weekend.
The SPI200 futures contract was unchanged at 6,236.0 at 0700 AEST, suggesting a flat open for the benchmark S&P/ASX200 on Monday.
The Aussie dollar is buying 71.79 US cents from 71.61 US cents on Friday.
Wall St: US stocks have closed near record highs on Friday after the largest US bank, JPMorgan Chase & Co, soothed worries that the first-quarter earnings season would dampen Wall Street’s big rally back from last year’s slump.
The S&P 500 is now within one per cent of September’s record closing high, and the S&P 500 Total Return Index, which includes reinvested dividends, in fact regained record levels, recovering ground lost after a punishing sell-off in the closing months of the year.
Day 5: The Prime Minister and his opposition counterpart have moved their campaign trail to Melbourne today. Here is a quick outline of what they’re both up to on he fifth day of the federal election campaign trail.
Speaking of politics, donations to independent lobby group GetUp! has reportedly risen 27 per cent in the last year.
Both sides of politics are promising a lot – but either way, according to Deloitte’s latest outlook, the Australian economy won’t be growing at its long-term trend rate, the SMH reports.
What has app technology done for jobs? According to US-based think tank the Progressive Policy Institute, Australia’s seen 136,000 jobs added to the economy as of January this year since March 2017.
Around the world: China’s been aggressively initiating infrastructure projects from Bangladesh to Britain. What does the European Union think of the Asian superpower? They’re both a “cooperation partner” and a “systemic rival”, according to an EU spokesperson.
When US President Donald Trump tweets, it’s rarely good news for many people. Most recently, he’s slammed the Federal Reserve (again) for its actions, claiming the US stock market would otherwise be 5,000 to 10,000 points higher.
If the Fed had done its job properly, which it has not, the Stock Market would have been up 5000 to 10,000 additional points, and GDP would have been well over 4% instead of 3%…with almost no inflation. Quantitative tightening was a killer, should have done the exact opposite!
— Donald J. Trump (@realDonaldTrump) April 14, 2019
Have a great day.
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