SKIP TO MAIN CONTENT

Finance News Update, what you need to know

Finance News Update, what you need to know

2 min read

Published

Source: AAP


Skip to article content

WORLD FINANCE UPDATE:

The Australian dollar is slightly lower, weighed down by some weak US retail sales data and nervousness over the terrorist attacks in Paris.

At 0700 AEDT on Monday, the local unit was trading at 71.11 US cents, down from 71.33 cents on Friday.

And the Australian share market looks set to open lower after US and european stocks fell, pulled down by concern over US retail figures, weak eurozone data and lingering concerns over China.

At 0645 AEDT on Monday, the December share price index futures contract was DOWN 37 points at 4,997.

News that makes sense

Your trusted source for staying up-to-date with the world around you. Get free daily news updates and analysis, straight to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

ELSEWHERE:

ANTALYA - Negotiations on a European Union free trade agreement are expected to start in 2017.

BRUSSELS - Greece and its creditors have agreed on "many" of the issues that had to be resolved for Athens to receive more bailout funds but will hold more talks in the coming days, Eurogroup chief Jeroen Dijsselbloem says.

NEW YORK - US airlines continued to operate flights to Paris, but the terror attacks in the French capital have left tourists and business travellers wondering whether to cancel upcoming trips.

BEIJING - China has welcomed backing from IMF experts that the yuan should be included in its reserve currencies, saying the move would strengthen the world's financial system.

RIO DOCE, Brazil - The collapse of two dams at a Brazilian mine has cut off drinking water for quarter of a million people and saturated waterways downstream with dense orange sediment that could wreck the ecosystem for years to come.

WASHINGTON - President Barack Obama has urged the US Congress to quickly approve a 12-nation Pacific trade pact early in 2016, telling reporters the Trans-Pacific Partnership (TPP) was essential to the American economy as well as national security.


Get SBS News straight to your inbox

Sign up now for daily news from Australia and around the world. You can also subscribe to Insight's weekly newsletter for in-depth features and first-person stories.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS News

Download our apps

Listen to our podcasts

Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Stream now

Watch the latest news videos from Australia and across the world