Australia Markets closed

Yahoo Finance's morning wrap for Thursday

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Good morning.

Markets: Wall St gained slightly with optimism about US-China trade negotiations this week. The Australian market is expected to open higher as a result, with the SPI200 futures suggesting a 0.63 per cent nudge upwards this morning.

The Australian dollar is buying 67.26 US cents at 8:10am AEST, up from 67.38 US cents Wednesday.

A man will receive $8 billion for unwanted breast growth. A jury has ordered drug company Johnson & Johnson to pay the damages to a US man who was given an antipsychotic drug as a child. He claimed the multinational did not warn customers about possible side effects.

Everyone does this with their car key, but if a police officer sees you a $114 fine will burn a hole in your wallet.

Stop worrying about household debt. Yahoo Finance columnist Stephen Koukoulas argues the fear about high debts triggering a recession is overblown. Meanwhile, the RBA cutting interest rates to a historic-low has freaked everyone out, rather than comforting mortgage holders.

Is your city a paradise for renters or landlords? The latest stats show fortunes vary wildly depending on which state capital you're in.

What happened to the American dream? The US tax system has deteriorated over the last 50 years to the point now the wealthiest 400 people pay less tax than everyone else in the country. Yikes.

Have a great day!

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