Yahoo Finance Yahoo Finance's Wednesday morning wrap
Good morning.
Here’s everything you need to know in finance today.
The ASX is expected to open higher after a positive lead from Wall Street. The SPI200 futures contract was up 52 points at 7am, suggesting a strong early bounce for the benchmark S&P/ASX200 on Wednesday.
And, here are five things to watch on the ASX today.
The Aussie dollar is buying 67.52 US cents from 67.76 US cents on Tuesday.
Australia’s expected economic growth has been downgraded to 1.7 per cent from a predicted 2.1 per cent by the the International Monetary Fund, and global growth is down to 3 per cent from a predicted 3.2 per cent.
Treasurer Josh Frydenberg said “the international challenges” were “a stark reminder of why we must stick to our economic plan”.
It’s a tough market for unemployed job-seekers, with a new report from Anglicare showing unemployed Aussies who already face barriers to enter the workforce are competing against at least five other applicants for every low-skilled vacant job.
“Our system is failing those who need the most help to find work," Anglicare's Kasy Chambers said on Wednesday. "These might be people with disabilities, who didn't finish Year 12, or older workers who lost their jobs later in life.
Is Australia’s property market headed for the same fate as the USA, Ireland or Spain? Property expert Michael Yardney provides seven ways Australia’s market is different, and says there’s no crash in sight.
Payday lenders under fire: The Salvation Army has called out payday lenders for targeting vulnerable Aussies with exorbitant interest rates on the loans they offer - and they want reform.
After a higher paying job? Demand for cybersecurity experts - a six-figure salary job - is set to boom in Australia. Here’s why.
And: Google’s unveiled its new Pixel 4, which features an enhanced night-mode and can snap pictures of the Milky Way.
Have a great day.
Make your money work with Yahoo Finance’s daily newsletter. Sign up here and stay on top of the latest money, property and tech news.
