Market snapshot
- ASX 200 futures: -0.4% to 8,599 points
- Australian dollar: +0.2% to 65.29 US cents
- S&P 500: +0.7% to 6,813 points (closed for Thanksgiving)
- Nasdaq: +0.9% to 25,237 points (closed for Thanksgiving)
- FTSE: +0.02% to 9,694 points
- EuroStoxx: +0.1% to 575 points
- Spot gold: -0.2% at $US4,157/ounce
- Brent crude: +0.4% to $US63.39/barrel
- Iron ore: -0.2% to $US103.10/tonne
- Bitcoin: +1.4% to $US91,422
Price current around 7:20am AEDT
The finance report
Keen for a quick snapshot on the market’s movements yesterday? Here’s an update from our wonderful colleague David Chau, with a big focus on APRA and its new restrictions on high risk lending.
Check it out below:
APRA chair John Lonsdale
In his first TV interview, Australian Prudential Regulation Authority (APRA) chair John Lonsdale chats with Alicia Barry, discussing the banking regulator’s decision to limit high debt-to-income loans to 20% of all new loans approved.
“There’s some early signs of some risks that we’re worrying about,” Mr Lonsdale says.
You can watch the full interview below:
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Cybersecurity concerns and social media
Cybersecurity experts warn there are a “lot of problems” with the way Snapchat is approaching age verification on its app.
Snapchat — a popular social media messaging platform, is one of the 10 platforms that are part of the social media ban for children under 16, which will start on the 10th of December.
There will be three options to verify age, according to Snapchat — including sending a selfie or government-issued ID to a third-party platform.
You can read the full report from Rudi Maxwell below:
ASX set to open lower
Good morning and welcome to Friday’s markets live blog, where we’ll bring you the latest price action and news on the ASX and beyond.
The ASX 200 is set to open lower in a few hours time as the ASX 200 futures points down -0.4%.
There was silence on Wall Street as it remained closed overnight Australia time due to the Thanksgiving holiday.
The European markets were slightly up, with Britain’s FTSE at +0.02% and the pan-European Stoxx 600 at +0.14%.
The Australian dollar is slightly up +0.2% to 65.28 US cents.
Brent crude oil is up +0.4%, trading at $US63.39 a barrel.
Spot gold is down at -0.2% to $US4,157.
Iron ore is also down -0.2% to $US103.10 a tonne.
Grab yourself a coffee and see you soon for a morning of business and market updates!