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10 things you need to know this morning in Australia

Wednesday 2 May 2018

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10 things you need to know this morning in Australia

Good morning. Here's your smart, fast start to the day.
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6 things Australian traders will be talking about this morning

The US Fed left the benchmark interest rate unchanged, US stocks were sold off into the close, and iron ore goes on the charge.
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The CBA lost almost 20 million customer bank account records

Commonwealth Bank has admitted it lost historical bank statements belonging to almost 20 million personal accounts in a 2016 incident it chose not to make public.
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Australia just received a worrying signal on how much households are spending

Activity levels for retailers and hospitality firms continue to deteriorate, casting a worrying picture on household spending levels, especially in discretionary areas.
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NAB has decided to sell MLC as the bank's half year cash profit slumps by 16%

Cash profit at NAB dropped 16% to $2.76 billion for the half year as restructuring costs weigh on the bank. 

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