Yahoo Finance Yahoo Finance's morning wrap for Friday
Good morning.
Markets: Australian markets are expected to open higher after mixed fortunes overnight on Wall St. SPI200 futures suggests the ASX will open 0.15 per cent up this morning.
The Australian dollar is buying 67.97 US cents at 8:15am AEST, pretty flat from 67.81 US cents yesterday.
Millions of young (and old) people are striking today. The movement, prompted by 16-year-old Swedish activist Greta Thunberg, is an outlet for frustration that many feel about government inaction on climate change. Students in 150 countries are expected to protest, including cities in Australia.
Coles is going bulk-size to reignite the supermarket war. It was only a few weeks ago that industry experts said the grocery price wars had ended. But that's all for nought now as Coles reportedly is putting out hundreds of giant-sized staples, reminiscent of the huge tins of baked beans sold at CostCo. Woolworths is expected to respond – stay tuned.
Unemployment has hit a 12-month high. That would be bad news for markets normally, but we're living in unusual times. The ASX actually went up yesterday in anticipation that the negative unemployment figures would prompt the Reserve Bank to cut interest rates next month.
But interest rates are already at all-time lows. That's great for borrowers but terrible for savers. If you're trying to park some cash and get some decent returns, we have listed the savings accounts that earn you more than 2 per cent per annum – and the catch for each of them.
Have a great weekend!
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.
