Advertisement
Australia markets closed

  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     

  • AUD/USD

    0.6506
    +0.0017 (+0.27%)
     

  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     

  • OIL

    83.01
    -0.35 (-0.42%)
     

  • GOLD

    2,330.60
    -11.50 (-0.49%)
     

  • Bitcoin AUD

    102,289.66
    +550.78 (+0.54%)
     

  • CMC Crypto 200

    1,437.97
    +13.87 (+0.97%)
     

Yahoo Finance's Morning Wrap-Up

Jessica Yun
Have a great start to the week. <i>Photo: Getty</i>
Have a great start to the week. Photo: Getty

Happy Monday!

Yahoo Finance Australia reporter Jessica Yun is here to help you get quick eyes on what’s making headlines at the start of this week.

Also read: ASX tipped to rise as volatility lingers

1. US and China clash at the APEC summit. Asia-Pacific leaders failed to agree on a communique at a summit in Papua New Guinea on Sunday for the first time in their history as deep divisions between the United States and China over trade and investment stymied cooperation. (Reuters)

At the same time, controversy over Scott Morrison’s announcement to move Australia’s embassy to Israel heated up over the weekend, according to the Guardian.

2. Domain’s ex-CEO makes a last-minute bid to save Fairfax. The former chief executive of majority Fairfax-owned real estate site Domain, Antony Catalano, made an eleventh-hour bid to block the merger with an offer to acquire up to 19.9 per cent of Fairfax, The Australian reports. (AAP)

ADVERTISEMENT

3. Brexit or no Brexit? As the dust settles on the most chaotic week of British politics in recent memory, we’re staring down the barrel of one key question: what happens if parliament votes down Theresa May’s Brexit deal? (Business Insider)

According to one of Wall Street’s most respected research houses, the whole ordeal has made UK ‘uninvestable’. (Business Insider)

4. There might be new rules for the gig economy. The Fair Work Commission ruled last Friday that an unfairly dismissed worker was in fact an employee, not an independent contractor. What does this mean for the gig economy? Yahoo Finance Australia reporter Lucy Dean will have the story for you shortly.

What does this all mean for stocks?

Despite trade tensions at the APEC summit, there is optimism amid the uncertainty: the Australian share market is set to rise into a new week after an encouraging late run on Wall Street.

Also, the Australian dollar is climbing above 73 US cents for the first time since August, buying 73.09 US cents at 0700 AEDT on Monday, from 72.68 cents on Friday.

The SPI200 futures contract is up 17 points, or 0.3 per cent, to 5,739.0, pointing to a slight rise for the ASX at the open, after heavyweight healthcare and financial stocks dragged the market down on Friday.

Have a great morning.

Also read: These are the 28 most future-ready world economies

Make your money work with Yahoo Finance’s daily newsletter. Sign up here and stay on top of the latest money, news and tech news.