10 things you need to know this morning in Australia

Avengers: Endgame cast place their hand prints in cement at TCL Chinese Theatre IMAX Forecourt at TCL Chinese Theatre IMAX. (Photo by Jeff Kravitz/FilmMagic)

Good morning!

1. Australian housing prices remained stable last week. The numbers from CoreLogic showed 0% movement in the major capital cities over the week, alongside data that showed a clear reduction in listings. This could be the sign that more widespread stability is on its way… or that property owners are being more selective about their sell.


2. Oh, Snap! It looks as though Snap Inc, owner of Snapchat, is rising above expectations. The company saw revenues of US$320 million in the quarter, and has 190 million daily active users, when only 186.8 million were predicted. Better get back on it.

3. The Aussie dollar is dipping even further against the greenback, dropping to lows of 0.70s with only a slight recovery. It was the one of the worst performances with no clear external forces on it. Markets are skittish ahead of the release of the inflation report today.

Investing.comAUD/USD Hourly Chart

4. Here’s your 10 second guide to today’s inflation report. The report will be released at 11:30am (AEST) today and is expected to be one of the key indicators for RBA cash rate policy. Economists and analysts will be watching closely, here’s what we’ll be looking out for.

5. The number of women on the boards of ASX200 companies has dropped. The Australian Institute of Company Directors (AICD) has released a report on board positions reflecting a drop in female participation. Four companies have no women on their boards (HUB24 Ltd, ARB Corp Ltd, Emeco Holdings Ltd and TPG Telecom Ltd), and 50 companies have only one woman in a role.

6. ‘Deep tech’ wins. A new startup program has been launched to help Australian’s move their startups from quick returns to long term impact. Singularity University is one of the world’s biggest venture capital accelerators and the new program is going to open up the “university” to the APAC region. The program uses Australian tech giant, Cochlear, as a shining example of what Australian innovators can achieve. Here’s what deep tech can do.

7. Petrol prices at new highs. The price at the pump is at its highest levels in six months, jumping 12-16 cents per litre last week (just before you went on your Easter break). Now, crude oil sanctions from the US are expected to impact petrol prices even further. Keep an eye on the pump.


8. Here come Tesla’s earnings. The Q1 earnings for Tesla will be released on Thursday (AEST) and Wall Street is bracing for a tough one. Tesla’s shares are already down 14% YOY and markets are expecting another drop. Here are the three key things to watch out for.

9. Cybersecurity crisis. Australian businesses are under threat and underskilled. The latest IBM report shows that only 30% of businesses feel that their staff are equipped to be resilient to cyberthreats at a high level. Very few businesses have a incident response plan and with reports now legally required for serious threats, businesses have to scramble to find the right talent.

10. Don’t underestimate this franchise. The Marvel Cinematic Universe is a powerful beast with 22 movies spanning the past 11 years. The final movie, Avengers: Endgame, debuted over the long weekend and is expected to break box office records. An estimated US$290 million is expected to gross over the opening weekend and US cinemas have been staying open for 72 hours to cater to eager fans. Here’s a list of all the films leading up to Avengers: Endgame, ranked by box office spend.

BONUS ITEM: What a beauty! The fastest ever premier league goal was scored this morning by Shane Long, for Southhampton, smashing the record held tightly by Ledley King since 2000. Long scored 7.69 seconds into the match.

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