Finance news you need to know today
CHINESE state media is cheering the meeting between US President Donald Trump and his Chinese counterpart Xi Jinping.
HERE are five things making news in business and finance today.
1. SYDNEY — The Australian market looks set to open higher despite Wall Street’s mainly negative lead in the previous session. At 0710 AEST on Monday, the share price futures index was up 14 points, or 0.24 per cent, at 5,866.
2. SYDNEY — Meanwhile, the Australian dollar has fallen below 75 US cents, after on Friday recovering its initial losses following the US air strike on a Syrian air base.
3. BEIJING — Chinese state media is cheering the meeting between US President Donald Trump and his Chinese counterpart Xi Jinping as one that shows the world that confrontation between the two powers was not inevitable.
4. WEST PALM BEACH, Florida — President Donald Trump has pressed Chinese President Xi Jinping to do more to curb North Korea’s nuclear program and help reduce the gaping US trade deficit with Beijing in talks on Friday, even as he toned down the strident anti-China rhetoric of his election campaign.
5. SAN FRANCISCO — US investigators have accused Google of short-changing female employees who do similar work to men.
Bank woes drop the ASX200
Australia’s sharemarket finished in the red on Friday as consumer discretionary and financials continued to weigh on the local market.
ASX drops on NAB, MinRes earnings misses
The ASX’s weekly woes continued on Wednesday, as a big four bank and a major miner dragged the market heavily into the red.
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