It may surprise you, but Coles is now at risk of being overtaken by Aldi in terms of the number of pure stores.

I have researched the impact of the German supermarket in Australia in depth as part of my coverage of the ACCC Supermarket Inquiry.

The hearings continue today with Coles standing again from 10am AEST.

The AUD has so far not been hit too hard by the rising US dollar.

“The AUD/USD remains in a narrow range around 0.65 despite the jump in the USD against the main European currencies,” notes CBA this morning.

“President Trump’s victory has driven up stock markets that support risk-sensitive currencies such as AUD/USD. But if stock markets become concerned about the global economic outlook, AUD/USD will fall further. »

Hello and congratulations on your arrival on Friday.

I’ll be here with you this morning to bring you news from Wall Street, where investors are turning to old-school stocks like Goldman Sachs and Home Depot at the expense of tech stocks.

The Australian market is expected to follow developments on Wall Street, with futures up almost 1% for the ASX 200.

Meanwhile, the dollar is also rising. The ABC attributes this to the war between Ukraine and Russia and rising U.S. yields, as investors bet on higher long-term interest rates under Trump.

Are there any stories you would like to see today?