Yahoo Finance Yahoo Finance's Monday morning wrap
Good morning.
Here’s everything you need to know in finance today.
The ASX is expected to open lower today after a mixed session on Wall Street at the end of last week.
The SPI200 futures contract was down 7 points at 7am this morning, suggesting a dip for the S&P/ASX200 benchmark on Monday.
The Aussie dollar is buying 68.85 US cents up from 68.74 US cents on Friday.
Sick of expensive energy bills? A new report from the ACCC to be released today could show a ‘significant fall in standing offer prices’ from energy retailers, according to Energy Minister Angus Taylor and Treasurer Josh Frydenberg.
Oil prices set to surge: Oil traders and analysts are expecting prices to jump at least US$5 (AU$7.30) a barrel today, after a strike on a key facility cut Saudi Arabia’s production by half, and pulling some 5 per cent of world supply off the market.
But federal energy minister Angus Taylor isn’t too worried about the effect on domestic fuel prices: "It's clear that there's no immediate threat to our supplies.”
Bad news in Silicon Valley: Lawmakers in the US have demanded access to internal emails and other sensitive records from the likes of Amazon, Apple, Facebook and Google.
The lawmakers are hoping to determine whether or not anti-competitive tactics were deliberately employed by the Silicon Valley firms to gain an edge on rivals.
Doctors take on climate change: Doctors will descend on Parliament House today to call on the federal government to take urgent steps to prepare health services for more extreme weather events and disasters.
Got a tyrant for a boss? Tough bosses can get results, but Indeed’s head of career insights, Jay Munro, says they also run the risk of losing good talent. Find out whether being a harsh boss is an effective leadership style.
Brexit deal ahead? British Prime Minister Boris Johnson has said he can strike a deal with the European Union within weeks.
Writing in Britain’s Daily Telegraph paper, Johnson said leaving the EU without a deal was never the outcome he wanted but preparations for a no-deal are "very extensive".
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