Yahoo Finance's Wednesday morning wrap

Private health insurance is rorting customers. Source: Getty

Good morning.

Here’s everything you need to know in finance today.

The ASX is expected to open lower after stocks on Wall Street dipped overnight. The SPI200 futures contract was down 0.34 per cent at 0700 AEDT, suggesting an early fall for the benchmark S&P/ASX200 today.

And, here are 5 things to watch on the ASX 200 today.

The Aussie dollar is buying 68.65 US cents from 68.57 US cents yesterday.

Economy or environment? Labor leader Anthony Albanese says you don’t need to choose. He says clean energy could create “hundreds of thousands” of jobs, but also expressed support for coal mining.

Newstart inquiry takes on new state: South Australian mayors and youth advocates will front a Senate inquiry into Newstart payments in Adelaide today. The inquiry is set to look at the adequacy of the $40-a-day welfare payments as pressure builds to boost it by $75 per week.

Second tier insurance is a ‘scam’: Consumer advocate group, Choice, says it found over 215 Silver and Silver Plus private health insurance policies were “scamming” more money from consumers while offering less, and consumers could save more than $1,700 by moving to a Gold policy.

The Australia housing market is set to perk up in the next two years. Here’s exactly where property prices are headed in 2020 in each Aussie state, according to Moody’s Analytics.

Wealth inequality has worsened: Australia’s richest 10 per cent hold nearly half of the country’s entire net wealth, new reports show. This group holds 47.3 per cent of Australia’s net wealth, while the poorest 50 per cent hold just 3.6 per cent.

Have a great day.

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