Yahoo Finance's Thursday morning wrap

Image: Getty

Good morning.

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

$289 billion deal: The US-China trade war will grow more peaceful after President Donald Trump and Chinese Vice Premier Liu He signed a deal which will see China purchase an additional US$200 billion (AU$289 billion) worth of American products over two years.

ASX: The ASX is expected to open higher after US stocks rose off the back of the China deal. The Australian dollar was buying 69.04 US cents on Thursday, up from 68.96 US cents on Wednesday.

Student debt: US presidential candidate Elizabeth Warren has announced plans to cancel student debt for 42 million Americans should she win, and she wants to get it done on the first day of her time in office.

Jeanswest: Australian denim and maternity-wear brand Jeanswest entered administration on Wednesday afternoon against a backdrop of “tough market conditions”. Nearly 1,000 Australians are employed by the retail giant.

Working royals: Not all royals live off the public purse, with several holding down their own jobs. We look at some of the royals Harry and Meghan could emulate.

Woolworths scam: Have you received an email from Woolworths offering $50 to fill out a survey? You need to be careful.

Free money: And the mystery behind why this small town kept discovering packages of $3,800 cash in the streets has been solved.

Have a great day.

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