Yahoo Finance Yahoo Finance's morning wrap for Friday
Good morning.
Markets: SPI200 futures (0.14 per cent down) is suggesting the Australian market will open lower this morning, after Wall St overnight sunk with anxiety from this weekend's US-China trade talks. The Dow Jones sunk 0.54 per cent, the S&P500 dipped 0.3 per cent and the NASDAQ went down 0.41 per cent.
Aussie dollar: The Australian dollar is buying 69.92 US cents at 7:43am Sydney time, not hugely moved from 69.78 US cents on Thursday.
The election campaign continues: The government will today promise to cut power prices by 25 per cent while Labor will show costings that will deliver budget savings of $154 billion over the next decade. Stay tuned to Yahoo Finance as we assess what each side is offering in the leadup to the poll 8 days from now.
Your money could be causing misery to others. An ethical superannuation fund has warned many Australians have their retirement funds invested in an industry that can harm a lot of fellow citizens. It's not tobacco or alcohol.
There are some things you hear at work that should ring alarm bells. We have listed six phrases that should make you question the culture at your workplace.
The government influenced the ACCC, claims the chair of investment vehicle Washington H Soul Pattinson. This week's decision to block the TPG and Vodafone telco merger sent shares for both companies tumbling – and with Soul Patt having a 25 per cent stake in the former, Fairfax Media is reporting an accusation that the government intervened to protect the NBN.
Have a great weekend!
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