Yahoo Finance Yahoo Finance's Wednesday morning wrap
Good morning.
Here’s everything you need to know in finance markets this morning.
ASX hammered: Aussie stocks were battered for a second straight day as it emerges as one of the biggest losers from the intensifying US-China trade war. At the close on Tuesday the market was down to levels not seen since October. Here’s what we can expect at the open this morning.
Wall Street recovers: US stocks climbed Tuesday, recovering some of Monday’s losses after China’s central bank fixed its yuan at a stronger-than-expected level.
China Retaliation Is ‘11’ on Scale of 1 to 10, Wall Street Warns: Analysts continued to warn about the dangers of an escalating trade war, as China moved to strike back at the US, hitting US stocks and boosting Treasuries.
Why China’s falling yuan could be good for US stocks: It may not seem like it now, but China’s falling yuan could eventually strengthen US stocks, according to one strategist. “First, it will hurt all risk assets because of the shock of seeing such a large devaluation to new yuan lows,” said Nick Colas, co-founder of DataTrek Research said.
Investor who called the Great Recession explains why China is fuelling bitcoin's rally: As each of the major indices registered their worst percentage losses for a trading day in 2019 after China let its currency weaken against the US dollar to its lowest level in more than 10 years, bitcoin was enjoying a healthy rally.
The stock market crash just wiped $5,500 off your savings: The Australian and global stock markets have been tanking for the past week after US and China's spat went to the next level – and there's no end in sight. Here’s what to do with your superannuation.
How to beat the share market crash: Want to protect your savings at a time when global sharemarkets are going down the drain? Here is how the professional do it.
Aussie dollar faces a bleak outlook as markets take a beating: It’s been a turbulent 24 hours for Australia as stocks are smashed by the US-China trade war. And there’s more bad news ahead.
‘Can you please explain’: Supermarket typos, packaging errors exposed: Keen-eyed shoppers take advantage of Woolworths and Coles' hilarious mistakes.
Deliveroo is trialling a helicopter restaurant slated to soar to Australia: Deliveroo has partnered with private jet travel group Charter-A to trial ‘Roocopter One’, a helicopter restaurant that will allow a handful of diners and their five friends to have their meal in the sky in London this Friday. And it’s coming down under too.
Yahoo Finance's All Markets Summit will take place in the Shangri-La, Sydney on the 26th September and will bring together some of the best minds in business, government, academia and entrepreneurship to examine the most critical issues facing Australia.
