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10 things you need to know this morning in Australia

Thursday 7 February 2019

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10 things you need to know this morning in Australia

Good morning -- it's Friday; you made it through another week, unless you're Ken Henry or Andrew Thorburn.
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The Australian dollar has found some support after being crunched earlier in the week

Thursday was a fairly bland session for currency markets.
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Iron ore prices look set to soar

Chinese markets are closed until next week for Lunar New Year Celebrations. Credit Suisse says prices should soar when Chinese markets reopen, suggesting "three digits looks within reach".
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CBA now sees house prices declining faster than expected, and thinks Labor's housing policy will be a factor

The Commonwealth Bank thinks the downturn in Australian home prices will now be larger than it previously thought.
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Facebook was clobbered by a landmark EU ruling that could mean major changes to the way it does business

Facebook has been clobbered with a landmark ruling in Germany that could mean huge changes to the way it collects data for 32 million users in the country.
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Twitter has 126 million daily users. That's 48% fewer than Snapchat, but it says the numbers aren't comparable.

Twitter on Thursday disclosed it daily active user figures for the first time. At least nominally, the figures are 48% lower than Snapchat's But Twitter warned that its daily user numbers aren't comparable with those of other companies.
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China has actually been closing for business for the last decade

When China used easy credit and infrastructure spending to avoid the global financial crisis, it reversed years of reforms to open its economy, economists say.
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'Stand in the corner and cry' and other pieces of dating advice that failed the test of time

In the 19th and 20th century, there were many books and articles written to offer women advice on how to find a husband. The advice was sometimes questionable, telling women what to say, what to wear, and what to do.

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