Yahoo Finance's Tuesday morning wrap
Good morning.
Here’s everything you need to know in finance today.
The ASX is expected to open lower amid fears the spread of the deadly coronavirus will hurt global markets.
Over in the US, the S&P 500 Index declined the most in almost four months while the Dow Jones Industrial Average briefly erased its 2020 advance due to concerns over the deadly virus.
The Australian dollar is buying 67.57 US cents, down from 68.46 US cents at close of market on Friday.
Westpac no longer expects the RBA to cut the cash rate at next week’s February meeting, according to their latest economic report.
Tram drivers strike: Melbourne locals and Australian Open commuters have been advised to plan their journey before a strike stops all trams from 10am to 2-m on Tuesday.
Climate risks could trigger a financial crisis: The Bank for International Settlements – the “central bank” for central banks – says the next major financial crisis may come from unexpected climate risks.
Jeff Bezos says smart people do this: The world’s richest man, Jeff Bezos, believes one single trait distinguishes highly intelligent people from all other people - the ability to reassess and change their minds.
Netflix scam targets unsuspecting streamers: Netflix users are warned to be on guard as a new scam asking them to complete an online verification process hits inboxes.
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