Yahoo Finance Yahoo Finance's morning wrap for Tuesday
Good morning.
Here’s everything you need to know in finance this morning.
Asos billionaire’s children killed in Sri Lanka attacks: Three children of Asos’ biggest shareholder have died in the bomb attacks in Sri Lanka. A spokesman for Anders Holch Povlsen, a Danish billionaire and Scotland’s largest private landowner, told multiple news outlets the siblings were among the 290 people known to have died in a string of explosions.
How to protect your money: Some people seem to think that an Australian recession is getting a bit closer, particularly with how Australia’s property prices continue to decline. If it happens, are you and your finances best placed to withstand the blow?
China’s move to survive trade battles: Manufacturers in China facing trade barriers are deploying an array of moves to try to keep foreign customers – giving discounts, tapping tax breaks, trimming workforces and, occasionally, shifting production overseas to skirt tariffs.
Aussie share markets: The Australian share market looks set to start the week on a subdued note. According to the latest SPI futures, the ASX 200 is expected to open the week flat this morning. This follows a mixed night of trade on Wall Street which saw the Dow Jones fall 0.2 per cent, the S&P 500 rise 0.1 per cent, and the Nasdaq push 0.2% higher.
Oil prices are surging: Crude oil prices surged on Monday, finishing the session at their highest levels this year after the Trump administration revoked waivers meant to facilitate the free flow of Iranian oil to U.S. allies. On Monday, the U.S. moved to block eight major crude consumers, including India and China, from importing crude from Iran, which pumps nearly 4 million barrels per day (bpd).
Day 13 of the Federal Election campaign: It’s day 13 of the Federal Election campaign, here’s where we stand so far.
Have a great day.
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