Finance news you need to know today

DONALD Trump will order federal agencies to look at tightening a temporary visa program used to bring high-skilled foreign workers to the US.

US President Donald Trump. Picture: Saul Loeb/AFP

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

1. SYDNEY — The Australian stock market is set to open lower as tensions over North Korea and uncertainty about the UK election weigh on sentiment. At 0700 AEST on Tuesday the share price futures index was down 38 points, or 0.65 per cent, at 5,790.

2. SYDNEY — The Australian dollar is trading slightly higher as the weaker greenback is offset by lower iron ore prices and dovish comments from the Reserve Bank of Australia. At 0640 AEST on Wednesday, the Australian dollar was at 75.61 US cents, up slightly from 75.55 cents on Tuesday.

3. KENOSHA — US President Donald Trump on Tuesday will order federal agencies to look at tightening a temporary visa program used to bring high-skilled foreign workers to the United States, as he tries to carry out his campaign pledges to put “America First.”

4. LONDON — British Prime Minister Theresa May called US President Donald Trump, German Chancellor Angela Merkel and other European leaders after she asked parliament to agree to an early election on June 8, a spokesman said on Tuesday.

5. COPENHAGEN — Uber Technologies sees opportunities to expand in the Europe Union, despite withdrawing its ride-hailing service from Denmark and facing the possibility of an EU court ruling that could mean tougher rules for the firm, an Uber executive said.