ASX slips as RBA warns on jobs; Trump orders TikTok ban

Summary

• The ASX 200 edged lower despite Wall Street's overnight rise, and strong prices for gold and iron ore
• The RBA warned the jobs market will take longer to recover from the coronavirus recession than expected 
• US President Donald Trump moved to ban TikTok and WeChat amid escalating tensions with Beijing
• Markets in China, Hong Kong, Japan and Korea are lower. US futures are down 0.5%