10 things you need to know this morning in Australia

Hello.

1. The ASX should open down after US markets have been pulled down by technology stocks during a shortened session before the July 4th holiday. Trade tensions continue to weigh on the markets, the first round of US tariffs against China to come into effect on Friday. In a context of persistent trade tensions, Chinese markets will be monitored again, after politicians appeared to intervene yesterday to stem the liquidation of Chinese renminbi. Chinese equities – which had their worst month in two and a half years – also recovered in the afternoon.

2. The AUD . The general weakness of the USD has allowed the Australian dollar to consolidate its gains overnight, after traders in Europe have dropped the 18-month AUD following the announcement of the US dollar rate. Interest of the RBA yesterday. The Aussie movements also reflect those of the Chinese yuan, a trend that is repeating itself today despite the publication of key Australian economic data. At 7 am in Sydney, the AUD / USD was up 0.60% to 0.7383.

3. Here are the Australian retail sales . The report for the month of May will land at 11:30 am today AEST, and is expected to slow down slightly from levels seen in April, according to economists. Retail spending has been weak over the past year, mainly due to weak household income growth and stiff competition among retailers. Strong population growth and strong hiring during this period contributed little to higher spending. Here is a 10-second guide to make you aware.

4. Do not see evil, do not hear evil . China is trying to minimize a trade war brewed with the United States by censoring comments from Trump and US authorities. The country told its media not to "attack the vulgarity of Trump", and instead said to use state-sanctioned experts and promote "economic spikes" in using "placement of important pages". The notice indicates how China is trying to protect its citizens against new commercial escalations with the United States. At the same time, it was also revealed that China plans to divide "apart from the different national groups" in the United States in order to widen a trump in the Trump base by using tariffs. The experts already suspected that China was trying as such, but this seems to be the first time that the official strategy has gone public.

5. The former Prime Minister of Malaysia was arrested in a corruption investigation after billions of dollars disappeared from the 1MDB, a state investment fund that he has created. He lost an offer of reelection earlier this year following the revelation. Hundreds of millions of dollars would also have been found in his personal bank accounts, although he has long denied the allegations of embezzlement. A day before his arrest, Najib Razak even swore that 920 million Australian dollars found in his bank account were in fact a donation from Saudi Arabia. He is scheduled to appear in a court in Kuala Lumpur at 10:30 am EST, where he will be charged. The magnitude of the political drama in a country that had never changed power is summed up by this tweet from journalist Erin Cook:

Imagine someone telling you a year ago Mahathir would PM, Anwar would be pardoned and Najib would go to the slammer

– Erin Cook (@imerincook) July 3, 2018

6. Hmm . Elon Musk ordered Tesla engineers to stop doing a critical braking test on the 3s model. The founder and CEO of Tesla has ordered his employees to stop driving the braking test, which ensures that the car is properly lined up, on cars before they leave the factory. the company in California. An industry expert told Business Insider that every automaker is doing this test to ensure quality and functionality.

This is going to be a challenge . Now the Thai boys' football team and their coach have been found, the rescuers have to find a way to get them out. Among the options on the table are: teaching boys to swim with snorkel equipment, dragging them, or leaving them with supplies to wait until the water flows away. The first has been described as "certainly not easy" and could lead to death if something goes wrong, the second would cause them to go out "in bundles" and is usually used on those who are injured or do not know how to dive, and the third could see them waiting up to 4 months until the end of the monsoon season. This map shows why it is so difficult to save the team.

8. It is that there are a lot of people there with very low productivity, thanks to the World Cup. A new study by Citi badysts revealed that the World Cup is very "distracting" for those working in fixed income markets. In fact, traders are so distracted by the tournament that market volumes fall by 40%. Meanwhile, English politicians did not even have the opportunity to see their team face Colombia overnight after the Scottish MPs imposed a series of parliamentary votes, forcing more British politicians more frustrated to stay in Parliament to vote [1965-19002]. ] 9. Speaking of football the captain of the Nigerian team discovered that his father had been kidnapped a few hours before a key match of the World Cup against Argentina. Despite the news that his father was kidnapped and held for ransom just hours before the match, John Obi Mikel still played. His father has since been saved and received medical care. Unfortunately, Nigeria would lose the match and be eliminated from the World Cup.

10. Siri can be at times so clumsy as recently discovered the British Secretary of Defense, Gavin Williamson. The politician was giving a very important speech to Parliament on Syria when the voice and artificially intelligent intelligence badistant of his iPhone made his entrance. Here is a brief idea of ​​how it happened:

Siri: "I found something on the web for" Syrian Syrian forces backed by the premonition. & # 39;

The Laughter of the Hall

Williamson: "I apologize for that. It is very rare that you are heckled by your own mobile phone. On this occasion, it is a new parliamentary convention, without a doubt. "

One of the pitfalls of having a new iPhone … I have to ask my 13 year old daughter how to use it! #NewiPhone #Siri https://t.co/DOvG2wV6Hn

– Gavin Williamson Member of Parliament (@GavinWilliamson) July 3, 2018

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