Yahoo Finance Yahoo Finance's morning wrap for Friday
Good morning.
Markets: The SPI200 futures is suggesting the ASX will open 0.7 per cent higher this morning. Oil prices went up and gold went down overnight. Wall St had a great time overnight, with the Dow Jones heading north 0.84 per cent, the S&P500 up 0.89 per cent and the NASDAQ rising an impressive 0.97 per cent.
Aussie dollar: The Australian dollar is buying 68.94 US cents at 8:05am Sydney time, slightly down from 69.13 US cents on Thursday.
The passing of a beloved leader: The federal election campaign has come to a sobering conclusion with last night's death of former prime minister Bob Hawke. The man who, along with treasurer Paul Keating, modernised Australia's economy to prepare it for decades of prosperity, was popular in office as well as in retirement. Here are the 10 things you need to know about the Labor legend.
It's an important election tomorrow. Whoever the new prime minister is won't have long to celebrate – he will have a formidable challenge to keep the long-successful Australian economy going. In the face of rising unemployment, there has been much talk about the "living wage" – we explain what that is. And if you don't know where to vote tomorrow, you can now ask Twitter.
Donald Trump has praised Australia and New Zealand's points-based immigration system, and wants to emulate it for the United States. Meanwhile, his office has also threatened to ban China's Huawei from buying components from US companies. Bloomberg said that this is the US president invoking "the nuclear option" in trying to halt China's rise.
And these pistachio nuts are under police guard. Read why.
Have a great weekend!
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