WORLD FINANCE UPDATE:
The Australian market looks set to open flat after both the Dow and the S&P 500 closed steady on Wall Street.
At 0700 AEST on Tuesday, the share price futures index was up two points, or 0.04 per cent, at 5,668.
Meanwhile, the Australian dollar had led all three of the commodities currencies higher against the US dollar as oil prices ended the day in positive territory, BK Asset Management’s managing director of FX Strategy Kathy Lien said.
The local currency was trading at 75.82 US cents at 0700 AEST on Tuesday, from 75.71 on Monday.
WASHINGTON – US President Donald Trump praised the Supreme Court’s decision to review the legality of his temporary ban on travellers from six Muslim-majority countries and all refugees, and to allow it to be partly implemented in the meantime.
LONDON – UK Prime Minister Theresa May has unveiled details of her plan to protect the rights of EU citizens living in Britain, saying the government would work to offer them the same health, medical and educational benefits as British citizens.
WASHINGTON – Demand for long-lasting US factory goods fell by the most in 18 months, and a key category that tracks business investment also slipped, evidence that manufacturing output is barely growing.
OSLO – Fishing fleets dump about 10 per cent of the fish they catch back into the ocean in an “enormous waste” of low-value fish, Australian and US scientists say.
LOS ANGELES – Four of the world’s biggest tech companies – Facebook, Microsoft, Twitter and YouTube – have teamed up to form a new coalition to make their services “hostile to terrorists and violent extremists.”
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