Conflicting reports on Iran-US talks, Australian minimum wage decision looms

Iranian state media is reporting that the country's government has halted negotiations with the United States over an end to the war in the Middle East, in protest over Israel's conduct in Lebanon.

But in a social media post, US President Donald Trump said he spoke to Israeli Prime Minister Benjamin Netanyahu and representatives from Hezbollah and that the talks with Iran were continuing at a "rapid pace".

Learn more about these conflicting narratives from the ABC's Middle East correspondent Matthew Doran.

Hello, I'm Daniel Ziffer from the ABC business team, and I'll be taking you through the morning on our business, finance and economics blog.

A decision on how much the minimum wage will increase will be announced this morning, affecting the pay packets of millions of Australians.

Overnight, Wall Street indices were higher.

The blue-chip Dow Jones of 30 mega-companies like Boeing and Visa was +0.1% to 51,078 points.

The broader S & P 500 that covers 500 of the largest listed companies in the US was +0.3% to 7,599 points - a record close.

The tech-heavy Nasdaq was +0.4% to 27,086 points.

Our market is set to fall, with the ASX 200 futures index tipping a slide of 0.4% or 36 points to 8,710.

There’s lots to get to, all of it news, analysis and information and none of it financial advice.

Let’s get started!