Australia markets closed

Yahoo Finance's morning wrap for Wednesday

Samantha Menzies
Senior editor – Finance
Here’s what is happening in finance this morning. Source: Getty Images

Good morning.

Here is everything you need to know in finance this morning.

Stocks marketsThe Australian share market looks set for a positive day of trade. According to the latest SPI futures, the ASX 200 is expected to open the day 12 points or 0.2 per cent higher. This follows a reasonably positive night of trade on Wall Street. Here are 5 stocks to keep an eye on today.

RBA worried about housing downturn: The RBA’s concern about Australia’s housing market downturn spilling over into other parts of the economy appears to be growing. At its February meeting, it noted that: “if prices were to fall much further, consumption could be weaker than forecast, which would result in lower GDP growth, higher unemployment and lower inflation than forecast”.

Wage report: Australia’s December quarter Wage Price Index (WPI) will be released later today. Here is your 10-second guide into the results.

Stocks investment: Are you planning to invest in stocks, or already have? Here’s the first sign to look for to tell if the market or a stock is healthy.

Recession ahead? Many commentators are worried that the current crisis in consumer confidence will impact economic growth. I think Australia will have a recession… one day – but not any time soon! Here are 6 reasons why.

Prepare now: While 25-plus years without a recession might make us think we’re invincible to a severe economic downturn, it never hurts to be prepared. Here are 3 ways to prepare for the next economic downturn, whenever it arrives.

Have a great day.

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