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Yahoo Finance's Wednesday morning wrap

Robodebt likened to bullying - read more in Yahoo Finance's morning wrap. Source: AAP
Robodebt likened to bullying - read more in Yahoo Finance's morning wrap. Source: AAP

Good morning.

Here’s everything you need to know in finance today.

The ASX is expected to open lower after a negative lead from Wall Street. The SPI200 futures contract was down 64 points at 7am this morning, suggesting a slump for the benchmark S&P/ASX200 today.

The Aussie dollar is buying 67.31 US cents down from 67.51 US cents yesterday.

“Robo-debt feels like a bullying system”: Those dealing with Centrelink over its “truly Orwellian” robo-debt say they don’t have any trust in the system.

A Senate inquiry into Centrelink's welfare payment recovery program will hear on Wednesday from people who have been told they incurred debts.

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The global economy is now in a synchronised slowdown, according to International Monetary Fund director, Kristalina Georgieva.

Georgieva said growth this year would fall to its lowest rate since the beginning of the decade, and cited Brexit, trade wars and overall geopolitical uncertainties as the culprit.

A no-deal Brexit will make UK debt skyrocket, according to new reports. The outcome would see UK debt soar to its highest since the 1960s, with borrowing likely to rise to £100 billion (AU$182 billion).

Does being attractive make work easier? In some industries, winning the genetic lottery can actually work against you, according to the University of Dayton in Ohio.

The research found people who view themselves as unattractive are more likely to feel they’ve experienced bad customer service when they encounter an attractive employee.

You should update your Whatsapp now: A security flaw has allowed one malicious GIF to make your WhatsApp data accessible. Here’s what you need to do to protect yourself.

Trying to save money? Humans love to plan for their ‘future selves’, but here are nine steps you can take right now to save money.

Doing the weekly grocery shop? Here are Coles’ and Woolies’ best half-price specials this week.

Have a great day.

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