Finance news you need to know today

THE US technology industry, a major employer of foreign workers, has hit back at President Donald Trump’s sudden executive order on immigration.

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

1. SYDNEY — The Australian market looks set to open lower following a lacklustre performance on Wall Street, where Dow and S&P500 stocks fell fractionally but closed basically flat. At 0700 AEDT on Monday, the share price futures index was down 11 points at 5,650.

2. SYDNEY — The Australian dollar is higher against its US counterpart as currencies seesaw in response to Trump’s executive orders. The local currency was trading at 75.48 US cents at 0700 AEDT on Monday, from 75.26 cents on Friday.

3. SAN FRANCISCO — The US technology industry, a major employer of foreign workers, has hit back at President Donald Trump’s sudden executive order on immigration, with some leaders calling it immoral and un-American.

4. SAN FRANCISCO — US companies are scrambling to cope with the fallout from President Trump’s executive order on immigration, with Google urgently calling back employees from overseas and companies rushing to provide legal advice and assistance.

5. PARIS — French President Francois Hollande has warned US President Donald Trump against taking a protectionist approach, which would have economic and political consequences, and said democratic principles should be respected.

6. ANKARA — British Prime Minister Theresa May has signed a $US125 million ($A165 million) fighter jet deal with Turkey and briefly cautioned Ankara on human rights following last year’s failed coup, in a visit squarely aimed at boosting trade between the NATO allies.