Yahoo Finance Yahoo Finance's morning wrap for Tuesday
Good morning.
Here’s everything that’s happening in finance markets this morning.
ASX expected to open higher: The SPI200 futures contract was up 12 points, or 0.19 per cent, at 6,440.0 at 0700 AEST, suggesting a positive start for the benchmark S&P/ASX200 on Tuesday.
Wall St rallies overnight: US stocks have surged on growing hopes that major economies would act to stymie the slowing economic effects of escalating global trade tensions while technology stocks rose, led by a nearly 3 per cent gain in Apple's shares. The Dow Jones Industrial Average finished up 0.96 per cent, the S&P 500 was up 1.21 per cent and the tech-heavy Nasdaq Composite was up 1.35 per cent.
Cash rate cuts aren't enough - this is what we need to boost the economy: Australia’s labour market remains weak and continues to weaken. For those of us lucky enough to have a job, it is a tough slog to get a decent wage rise with the average increase in wages over the past year just 2.3 per cent. It is a multifaceted problem that is both the cause of the current economic problem and a weak economy.
New record lows ahead: Your mortgage rate could be slashed further: Within the next few months, mortgage interest rates are on track to fall to fresh record lows, probably below 3 per cent. That is the overwhelming message to come from the Reserve Bank as it struggles to deal with the soft economy where inflation is tracking at record lows, a long way from returning to the 2 to 3 per cent target range.
Is investing in super a complete waste of time? The US-China trade war, recession fears and the wild stock market raise the question: Is there any point in investing at all?
Disney+ is coming to Australia: Disney’s streaming platform, Disney+ is coming to Australia. Here’s when, and how much it’ll cost you.
How to claim for car expenses on your tax return this year: If you use your car for work purposes, you are entitled to claim the costs of using your car to do your job. There are two methods you can use to claim car expenses. It is important to note that you must own the car to claim under either of the methods.
How to get your boss to say 'yes' to a flexible working arrangement: Want to return to work after having children? Here are 5 tips to build an arrangement that suits both you and your employer.
Yahoo Finance's All Markets Summit will take place in the Shangri-La, Sydney on the 26th September and will bring together some of the best minds in business, government, academia and entrepreneurship to examine the most critical issues facing Australia.
