10 things you need to know this morning in Australia

Owen Franken – Corbis/Corbis via Getty ImagesFrench fans celebrate victory over Croatia after their World Cup final win.

Good morning.

1. We have a winner! France has taken home the 2018 World Cup after a 4-2 victory in the final over Croatia. The French dominated the game and despite numerous dangerous attacks from Croatia, Les Bleus were able to take home the win rather comfortably. This photo of France’s President Emmanuel Macron celebrating a goal says it all.

Alexei NikolskyTASS via Getty ImagesEmmanuel Macron

2. Global stocks were steady to end the week, as the S&P500 edged higher although markets were disappointed with the latest bank results as earnings season got underway. ASX futures traders were still cautious, marking the local index down slightly ahead of this morning’s open.

3. The Australian dollar has fallen fractionally in early trade on Monday, a delayed reaction, of sorts, to soft Chinese monetary growth data released on Friday. Today, the Aussie’s gyrations will once again be influenced by those in Chinese financial markets, especially with a swathe of important Chinese data releases being revealed during the session. More on that here. At 7.40am in Sydney, the Aussie was down 0.08% to 0.7417.

Investing.comAUD/USD Hourly Chart

4. There could be “no Brexit at all,” if the country doesn’t keep it’s “eyes on the prize,” says British Prime Minister Theresa May, blaming British lawmakers’ attempts to undermine her plan to leave the European Union. In a British newspaper over the weekend, the PM wrote that Britain would take a tough stance in its next round of negotiations with the EU, adding that negotiators do not get to pick and choose the deal. Her comments come ahead of a crucial Commons votes on trade and customs policy next week.

5. It’s Amazon Prime Day. The first Amazon Australia Prime sale kicks off at midday today, with huge discounts expected on a huge range of products from headphones and fashion items to baby strollers and games consoles. It will be interesting to consumers but the business world will be watching closely too. Leading media agency Starcom has conducted a detailed analysis of what has driven Prime subscriptions in the UK market and looking at how Prime subscriptions will be critical for Amazon’s progress in Australia after an underwhelming start. You can read it here.

6. Novak Djokovic has won Wimbledon, defeating South Africa’s Kevin Anderson in straight sets 6-2, 6-2, 7-6 (7-3). Djokovic was able to return Anderson’s hammer blows by utilising all of his court intelligence to get his feet positioned in the most efficient manner, finding an answer to Anderson’s killer serve more often than not. It’s Djokovic’s fourth Wimbledon men’s title, and saw him take home a $AU3.54 million paycheck.

7. There’s no floor on the horizon for Australia home prices, according to Morgan Stanley. the investment bank’s forward-looking housing model suggests national price measures will continue to weaken into early 2019, at least. The model also points to further weakness in building approvals, and as a consequence residential building activity. It comes as Australian home prices have fallen for nine months, largely reflecting declines in Sydney and Melbourne and ongoing weakness in Perth and Darwin.

8. The US Navy has sent an F-35 aircraft carrier to the Pacific with a deck full of US Marine Corps F-35Bs Joint Strike Fighters. While the US typically hypes up F-35 deployments, this time it was silent, perhaps signalling a shift to a more operational approach of keeping adversaries — namely China and, to a lesser extent, North Korea — in check.

9. Going short. The lawyer for the Tesla “whistleblower” says he would “absolutely” short the stock based on what he now knows. “I have ZERO position on $TSLA short or long and never have,” Stuart Meissner, who is defending Martin Tripp in a case brought by Tesla, tweeted Friday. “Although frankly I should, based on what I, and everyone, now knows.” Tesla is suing Tripp for allegedly hacking company information and sharing it with third parties.

10. A 91-metre high iceberg is approaching Greenland, and it’s the latest sign that Mother Nature has had it. The massive glacier is hovering over the tiny village of Innaarsuit in northwest Greenland, just 100 metres away from the shore. Residents have been evacuated from the danger zone following fears that if it calves, the glacier could prompt a massive tsunami, swamping the town. Watch what happens as just a sliver breaks off:

Have a great day.

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