Yahoo Finance Yahoo Finance's morning wrap for Wednesday
Good morning!
Here is everything you need to know in finance this morning.
ASX: The Australian share market closed lower on Tuesday weighed down by the heavyweight financials, ailing healthcare stocks and a falling Australian dollar. The ASX is poised to open higher this morning despite a mixed run on Wall Street, while local economists are awaiting the release of fourth-quarter CPI data. Here are 5 things to watch in the markets today.
Latest Brexit: MPs have rejected a plan to delay Brexit on an extraordinary night in the the House of Commons that will define the course of Brexit. The plan, tabled by Labour MP Yvette Cooper, would have delayed Brexit beyond March 29 in order to buy more time to prevent a no-deal departure.
Wall Street: Industrial rose on strong reports from 3M and defence firms but elsewhere, the news was less rosy and added to caution over trade talks, weighed US on markets on Tuesday.
China data: Weaker than expected data has been pouring out of China left and right in recent months, with the economy growing at its slowest pace in nearly three decades in 2018. And many suspect things could be even worse than officials have led on. Is China about to drag the world economy down with it?
5 property market predictions: Around this time each year it’s customary for those in the property industry to peer into the future in an attempt to predict what’s ahead for our housing markets in the coming year and beyond. Here are five things which are guaranteed to happen in 2019.
This is the speech the RBA Governor needs to give next week: The RBA Governor Phillip Lowe is giving a speech at the National Press Club next week, no doubt to recast the RBA’s view on the economy and to present its up-to-date thinking on monetary policy. This will include whether it still reckons the next move in official interest rates “is likely to be up”. Here’s what he should be planning to say.
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