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Yahoo Finance's morning wrap for Friday

Qantas business class, Israel Folau and potatoes. (Images: Qantas, Getty)
Qantas business class, Israel Folau and potatoes. (Images: Qantas, Getty)

Good morning.

Markets: US shares rocketed up after reports president Donald Trump's trade war tariffs on Mexico might be delayed.

SPI200 futures was up 0.44 per cent at 8am AEST, suggesting Australian markets would open higher this morning. Overnight the Dow Jones Industrial finished 0.71 per cent in the black, S&P500 was up 0.61 per cent and the NASDAQ ended 0.53 per cent higher.

Aussie dollar: The Australian dollar is buying 69.81 US cents at 8:10am AEST, not much different from 69.72 US cents yesterday.

Trump also said that he won't decide on further import tariffs on China until the weeks after speaking with his counterpart Xi Jinping at the G20 in Japan this weekend. This stay of execution also had markets upbeat.

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Rugby union star Israel Folau was sacked for a homophobic social media post. Now he's taking his case to court, seeking $10 million in damages against his former employers Rugby Australia and NSW Waratahs. The legal action is a major test of whether employers have a right to punish employees for religious beliefs that don't align with organisational values.

Want to fly business class to Asia for $199? Who doesn't, right? This is how you do it, but you do have to be a Qantas frequent flyer member.

These potatoes cost $860 per kilo. It's no Aldi special buy, but they must taste pretty bloody good. Here's why these spuds cost so much.

Have a great weekend!

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