Good morning. Here’s what you need to know for your day ahead.
Stocks surge: It was a strong start to the trading week yesterday with the ASX shaking off most of its losses from its dismal December, closing at its highest level in over a month. Overnight, US stocks held steady, with investors wary of the latest round of US-China trade talks and a prolonged government shutdown.
So does the dollar: The Aussie was also trading at its highest level in two and a half weeks buying 71.35 US cents, up from 70.23 on Friday and 62.46 euro cents, from up from 61.63.
What lies ahead for financial sector in 2019: After seven rounds of hearings, thousands of submissions, 134 witnesses, and a scathing interim report – the big banks are preparing for the worst when Commissioner Kenneth Hayne hands down his final recommendations on February 1 from the banking royal commission. Here’s what else awaits the financial sector in 2019.
Another resignation: In a move that has shocked the international aid community, the president of the World Bank Jim Yong Kim has announced he is stepping down – 3 years early. He has clashed with the Trump administration’s policies on climate change in the past and his abrupt resignation leaves Donald Trump with the opportunity to appoint a successor.
Property predictions by suburb: This is how much Aussie property prices will fall in 2019, broken down by city and suburb.
4 global trends: These are the 4 major global trends that one of the world’s leading economists is worried about.
Improve your worth: And this is the one skill Warren Buffett says will increase your worth by 50%. It can be learned.
Have a great day.