Australia markets closed

Yahoo Finance's Thursday morning wrap

A polling station sign in London attached to a metal barrier. Image: Getty

Good morning.

Here’s everything you need to know in finance today.

The ASX is expected to open lower despite strong performance on Wall Street overnight. 

The Dow Jones Industrial average was up 0.04 per cent, the S&P 500 was up 0.33 per cent and the tech-heavy Nasdaq Composite was up 0.40 per cent. But the SPI200 futures contract was down 0.40 per cent at 8am AEDT, suggesting a fall on Thursday. 

Over on Wall Street, the growth was largely triggered by the US Federal Reserve holding interest rates steady, implying borrowing costs will remain unchanged indefinitely. 

“You are looking at a cautiously optimistic Fed," Karl Schamotta, chief market strategist at Cambridge Global Payments in Toronto said. "The tone that you see through the statement and projections suggest that they believe that they have taken out enough insurance to prevent a downturn."

And in the UK, the general election looks set to deliver Boris Johnson the Prime Ministership. The election has been described as the most important UK election in memory as the question of Brexit looms. 

Johnson seeks a strong majority so he can remove Britain from the EU in January 2020. 

Not so super: The worst superannuation funds in the country have been named, and between them they control $70 billion dollars. That’s according to new insights from the corporate regulator, APRA. 

Elon Musk thinks vacations will kill you: Is he right? Entrepreneur observer, Alan Manly thinks he might have a point, but others like Ariana Huffington beg to differ. 

Should we wipe out all debt? It’s a populist strategy employed for thousands of years, and now American presidential candidates Elizabeth Warren and Bernie Sanders are bringing it back. They both want to cut student debt to varying degrees. 

And can you train yourself to become a morning person? Yes you can, but it takes some  work. Here’s how to do it. 

Have a great day.

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