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Yahoo Finance's morning wrap for Wednesday

Samantha Menzies
Senior editor – Finance


Wednesday morning wrap. Source: Getty Images

Good morning.

Here's everything you need to know about finance this morning.

4 days to go: The 2019 Federal Election is approaching fast. Here’s everything you need to know before you cast your vote this Saturday.

Will the election be good or bad for Aussie stocks? With the election fast approaching, everyone is getting ready for a potential change in Government, and many are wondering whether the Australian stock market will fall heavily away as a result.

Labor vs Liberal: Who to vote for if you’re worried about the economy: At a time of rapid change in the way the economy works, society functions, and the population ages, Australia needs a government that is ‘in sync’ with these dynamics. Policies must be framed that take account of these changes because failure to do so will leave Australia floundering relative to the rest of the world.

Aussie stocks: The Australian share market is expected to open higher this morning following gains on Wall Street overnight. The SPI200 futures contract was up 25 points, or 0.40 per cent, at 6,251.0 at 0700 AEST, suggesting a positive start for the benchmark S&P/ASX200 on Wednesday.

Uber stocks slide: Uber’s chief executive urged employees to “keep our eye on the long-term value”, as the ride-hailing app’s shares lost more than a tenth of their value in their second day of trading.

Aussie dollar tumblesThe Australian dollar fell heavily as China announced retaliatory tariffs on US imports. There's some speculation the Chinese move won't be the last in the trade war.

Your 10-second guide to today’s wages reportAustralia’s March quarter Wage Price Index (WPI) will be released today. If wage growth doesn't pick up noticeably in the period ahead, it will add to downside risks for inflation, adding pressure on the RBA to cut Australia's cash rate again.

Have a great day.

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