Finance news you need to know today

WITH the inauguration of Donald Trump as US president, the “old world of the 20th century is over for good,” Germany’s foreign minister says.

HERE are six things making news in business and finance today.

1. SYDNEY — The Australian dollar is up against the greenback on the first full day on the financial markets following Donald Trump’s inauguration as the 45th US president. The local currency was trading at 75.61 US cents at 0634 AEDT on Monday, up from 75.43 on Friday.

2. SYDNEY — The Australian share market is set to open higher, following the trend of major international markets. At 0645 AEDT, the local SPI 200 futures contract was up 27 points, or 0.48 per cent, at 5,628 points.

3. WASHINGTON — US president Donald Trump says he plans talks soon with the leaders of Canada and Mexico to begin renegotiating the North American Free Trade Agreement.

4. WASHINGTON — Two senior Republican lawmakers say they’d vote to approve US President Donald Trump’s nominee for secretary of state, Rex Tillerson, despite their concerns over the former ExxonMobil chief’s relationship with Russia’s president.

5. LONDON — British Prime Minister Theresa May will be the first foreign leader to visit new US President Donald Trump, the White House says.

6. BERLIN — With the inauguration of Donald Trump as US president, the “old world of the 20th century is over for good,” German Foreign Minister Frank-Walter Steinmeier says.