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Yahoo Finance wrap for Monday

The CBDs of Sydney, NSW and Melbourne, Victoria. Source: Getty

Good morning: here’s what you need to know in Australia and beyond to kick off your week.

The ASX is expected to open flat despite gains on Wall Street at the end of last week.

The SPI200 futures contract was down 2 points, or 0.03 per cent, at 6,366.0 at 0700 AEST, suggesting a little-changed start for the benchmark S&P/ASX200 on Monday.

On Wall Street on Friday, the Dow Jones Industrial Average finished up 0.31 per cent, the S&P 500 was up 0.47 per cent and the tech-heavy Nasdaq Composite was up 0.34 per cent.

The Aussie dollar is buying 70.40 US cents from 70.25 US cents on Friday.

It’s Day 19 of the federal election campaign. What are the leaders of the two major political parties up to today? For one, we know that PM Scott Morrison is expected to splash nearly $1.5 million on new projects.

The chief sniper of the Lindt Cafe siege is suing NSW Police, alleging that he and others were prevented from doing their jobs – and saving lives.

The popular bubble tea franchise network Chatime has been caught with systemic underpayment of many of its workers. A Fairfax investigation found that 90 of the 111 stores were ripping off its employees, bringing the total sum owed to more than an eye-watering $10 million.

How secure do you feel about your job? A new OECD report reckons 14 per cent of existing jobs will disappear over the next 15-20 years. In Australia in particular, where the number of casual workers is higher, that figure rises to 36 per cent, the ABC reports.

What’s Australia’s best-performing state? NSW or Victoria? As it turns out, they’re neck and neck.

Aussies are falling for scams, and it cost us nearly half a billion dollars in 2018 alone. We’ll have the story to you shortly.

Have a great Monday.

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