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Yahoo Finance's morning wrap for Wednesday

Samantha Menzies
Senior editor – Finance
Morning wrap for Wednesday. Source: Getty Images

Good morning.

Here’s everything you need to know in finance this morning.

Stocks updateThe Australian share market looks set to continue its ascent on Wednesday after hitting an eight-month high at the close yesterday. According to the latest SPI futures, the ASX 200 is poised to open the day 0.3 per cent or 19 points higher. This follows record closing highs on Wall Street which saw the Dow Jones rise 0.55 per cent, the S&P 500 jump 0.9 per cent, and the Nasdaq storm 1.3 per cent higher.

Petrol prices still surging: Australian petrol prices spiked last week, coinciding with the start of Easter holidays, and the price hikes aren’t over yet.

Your 10-sec guide to today’s inflation reportEconomists expect that trend will continue today with most forecasting that underlying inflation will actually move further away, rather than closer to, the RBA’s target level. That means today’s CPI report will be a blockbuster event given financial markets continue to price in at least one 25 basis point rate cut from the RBA by the end of this year.

Women less likely to negotiate pay: Women are less likely to negotiate on a job offer than men, according a survey by one of the largest jobs websites in the UK, CV-Library. Here’s why.

Are you robbing the bank of mum and dad? When Melanie Lockert graduated with a master’s in performance studies in 2011, she was overwhelmed with student loans. Her many attempts to tap the Bank of mum and dad had failed. “If my parents had agreed to fund my education, I think it would have kind of been at the expense of their own retirement,” she said.

How YOU can get rich: Anyone can turbo charge their wealth-building, with the right know-how. Here are 10 tips to help you on your way.

10 property downturn lessons: History shows us that property markets move through a cycle of downturn, stabilisation, upturn and boom. Then, rinse and repeat. Australia’s property markets have now moved into the downturn phase. But let’s be clear…we’re experiencing a soft landing. There is no crash ahead. So what’s ahead for property in 2019 and beyond?

Have a great day.

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