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F6RX2G Islamic State of Iraq and the Levant propaganda photo showing masked militants holding the ISIS black banner of Muhammad.

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THE US government says it is sanctioning two Middle Eastern exchange houses and an individual accused of helping to funnel cash to the Islamic State group.

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FILE - In this July 7, 2006, file photo, the Lockheed Martin F-35 Joint Strike Fighter is shown after it was unveiled in a ceremony in Fort Worth, Texas. Shares of Lockheed Martin fell Monday, Dec. 12, 2016, as President-elect Donald Trump tweeted that making F-35 fighter planes is too costly and that he will cut

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DONALD Trump has criticised Lockheed Martin’s F-35 fighter jet program as too expensive, his latest attack on large defence contractors.

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DOCTORS and health professionals have called on London Mayor Sadiq Khan to ban all diesel cars from the UK capital.

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A LEADER of Italy’s populist 5-Star Movement is pressing for a vote on whether the country should keep the euro as its official currency.

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#snapbrisbane prp IKEA North Lakes is now open! Photo by @richardharrieso

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IKEA’S full-year net profit rose 19.6 per cent to $6 billion, the group says, citing growth in both mature and emerging markets.

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Kate Gallager, a cereal developer at General Mills, puts naturally colored pancake batter onto a griddle to see how it reacts to heat. PHOTO: ACKERMAN + GRUBER FOR THE WALL STREET JOURNAL

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GENERAL Mills, which has been struggling with weaker sales for its cereal and yoghurt, plans to cut between 400 and 600 jobs around the world.

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Iranian President Hassan Rouhani speaks while submitting his next year's budget bill in an open session of parliament in Tehran, Iran, Sunday, Dec. 4, 2016. Iran's official IRNA news agency reported that President Hassan Rouhani submitted a $83 billion budget bill to parliament for the next fiscal year, beginning in March. (AP Photo/Vahid Salemi)

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IRAN has proposed a state budget of $134 billion, loosening the purse strings as Donald Trump threatens to put renewed pressure on Tehran.

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FRENCH President Francois Hollande says he will not seek a second term in office in the presidential election in 2017, an unprecedented move.

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THE Pittsburgh-area McDonald’s franchisee who created the Big Mac nearly 50 years ago has died at the age of 98.

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Saudi Arabia’s energy minister Khalid al-Falih (bottom right) attends a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at the OPEC headquarters in Vienna, Austria on November 30, 2016. OPEC sought to defy expectations and finalise a deal reducing its oil output for the first time in eight years, in an effort to boost painfully low crude prices. / AFP PHOTO / JOE KLAMAR

OPEC reaches deal to cut oil production

FOR the first time in eight years, cartel representatives have agreed to cut oil output by 1.2 million barrels a day.

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Governor of the Bank of England Mark Carney poses with a new polymer five pound note, at Whitecross Street Market, to promote the launch of the new bank note, in London, on September 13, 2016. The Bank of England will initially issue 440 million of the new polymer £5 notes ($6.7, 5.9 euros) and the old note will cease to be legal tender in May 2017.

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BRITAIN’S new plastic five-pound note, bearing the portrait of wartime Prime Minister Winston Churchill, has fallen foul of thousands of people.

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Indian supporters of the Congress Party hold Indian currency notes during a protest against the decision to demonitise 500 and 1000INR notes in Bangalore on November 28, 2016. Tens of thousands of people turned out November 28 for nationwide protests against India's controversial ban on high-value banknotes, which opposition party organisers say has caused a

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THOUSANDS of people are demonstrating across India to protest the government’s decision to withdraw large-denomination currency from circulation.

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A MEXICAN cement maker is ready to lend its services to Donald Trump to build the wall he wants to erect on the southern border of the US.

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Swiss Pascal Buehler reacts after cutting off the head of a dead goose with a blunt sabre during the 'Gansabhauet' (Cut off the goose) event, an ancient custom that takes place every year on the St Martin day, on November 11, 2016, in Sursee, central Switzerland. People of any age, armed with a rough sabre, try to sever the neck of a dead goose dangling from a rope. Participants are blindfolded under a mask depicting an enormous sun and are dressed in red coats. Since they are only allowed one strike, it is usually a long time before the goose finally falls down. / AFP PHOTO / Michael Buholzer

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THE Swiss are the richest people in the world, with an average wealth of $759,015 per adult, Credit Suisse says in its annual global wealth report.

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TOPSHOT - British Prime Minister Theresa May addresses delegates at the annual Confederation of British Industry (CBI) conference in central London, on November 21, 2016. The British government announced fresh investment in research and development on Monday, ahead of the first post-Brexit budget which is expected to signal a move away from the previous administration's rigid fiscal targets. / AFP PHOTO / Justin TALLIS

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UK PM Theresa May has pledged to address business concerns that Britain could fall off a “cliff edge” into uncertain trading conditions after leaving the EU.

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German Chancellor Angela Merkel arrives to address a press conference at the Christian Democratic Union (CDU) party headquarters in Berlin, on November 20, 2016. German Chancellor Angela Merkel told her party earlier in the day she will seek re-election next year, a move likely to be welcomed in many capitals as a sign of stability following poll triumphs for Brexit and Donald Trump. / AFP PHOTO / TOBIAS SCHWARZ / ALTERNATIVE CROP

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ANGELA Merkel has confirmed she wants to run for a fourth term as German chancellor in next year’s election.

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Former US Secretary of State Henry Kissinger listens while he is introduced at a ceremony honoring his diplomatic career on May 9, 2016 at the Pentagon in Washington, DC. / AFP PHOTO / Brendan Smialowski

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PRESIDENT-ELECT Donald Trump has wrapped up a meeting with former Secretary of State Henry Kissinger in Trump Tower.

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US President Barack Obama speaks during a press conference with the Greek prime minister (not seen) after their meeting at the Maximos Mansion in Athens on November 15, 2016. Obama flew into Athens on his final foreign trip to Europe, seeking to calm the nerves of allies concerned by Donald Trump's shock presidential election victory. / AFP PHOTO / POOL / Yorgos Karahalis

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GERMANY has opposed calls for debt relief for Greece after Barack Obama offered support for such a mechanism during a trip to Athens.

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THE Dow Jones has opened at a record high after the index capped off its best week since 2011 following Donald Trump’s surprise election win.

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US stocks blast to new record high

US SHARES have surged to levels not seen since the 2008 financial crisis as Wall Street reassessed Donald Trump’s presidency.

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Men without a partner are using Siri and Cortana for sexual conversations.

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PAYPAL users can now send money to friends and family using just their voice, after the payment service announced it was to integrate into Apple’s Siri.

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U.S. Markets React To Donald Trump Election To Presidency

Strong stocks but expect Trump shocks

FINANCIAL forecasters are wiping egg off their faces after Donald Trump market meltdown warnings didn’t materialise, but experts caution there could be more volatility ahead.

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A supporter of Hillary Clinton reacts as she watches live coverage of the US elections at an event organised by the American Chamber of Commerce in Hong Kong on November 9, 2016. Share markets collapsed and the dollar tumbled against the yen and the euro as Donald Trump looked on course to win the race for the White House, in a stunning upset with major implications for the world economy. / AFP PHOTO / ANTHONY WALLACE

US stocks turn higher after Trump victory

STOCKS are moving solidly higher in midday trading on Wall Street following Donald Trump’s upset victory over Hillary Clinton in the US presidential election.

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FILE - In this Monday, Feb. 29, 2016 file photo, Nicola Sturgeon, First Minister of Scotland and leader of the Scottish National Party, delivers a keynote address on the benefits of EU membership for work and living standards at an event hosted by the Resolution Foundation at St John's in London. The Scottish government says it will ask Britain's Supreme Court to block Prime Minister Theresa May from triggering European Union exit talks without consulting the Scottish Parliament first., it was reported on Tuesday, Nov. 8, 2016. (AP Photo/Frank Augstein, File)

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SCOTLAND will intervene against the UK’s central government in the legal battle over its formal divorce from the EU.

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Republican presidential candidate Donald Trump waves to the audience exiting a campaign rally in Grand Rapids, Mich., Tuesday, Nov. 8, 2016. (AP Photo/Paul Sancya)

‘This is going to be a coin flip’

GLOBAL stock markets remain subdued ahead of the US election result, as investors prepare for the most turbulent trading session since Brexit.

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TOPSHOT - A woman with her face painted as a European flag is pictured as thousands of protesters take part in a March for Europe, through the centre of London on July 2, 2016, to protest against Britain's vote to leave the EU, which has plunged the government into political turmoil and left the country deeply polarised. Protesters from a variety of movements march from Park Lane to Parliament Square to show solidarity with those looking to create a more positive, inclusive kinder Britain in Europe. / AFP PHOTO / Niklas HALLE'N

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THE British government is preparing legislation to trigger the procedure to leave the EU, despite a push to overturn a court decision that may delay Brexit.

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US AUTHORITIES are recalling nearly three million Samsung washing machines following several reports of injuries, including a broken jaw.

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HILLARY Clinton is holding onto her narrow lead over Donald Trump in the US presidential race just days ahead of the election.

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FILE - In this May 25, 2016 file photo, Hulk Hogan, whose real name is Terry Bollea, appears in court in St. Petersburg, Fla. The shell of Gawker has settled with Hulk Hogan for $31 million, ending a years-long fight that led to the media companyâ€™s bankruptcy, the shutdown of Gawker.com and the sale of Gawkerâ€™s other sites to Spanish-language broadcaster Univision. Gawker founder Nick Denton in a Wednesday, Nov. 2 blog post said that the â€œsaga is over.â€ Denton filed for personal bankruptcy because of the $140 million verdict won by the former professional wrestler in a Florida court over a sex tape.(Scott Keeler/The Tampa Bay Times via AP, Pool)

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SHUTTERED news website Gawker has reached a $40 million cash settlement with former wrestler Hulk Hogan over a leaked sex tape.

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Trump pushes ‘fear index’ to Brexit levels

DONALD Trump’s odds are narrowing, and markets around the world are panicking. Strap yourselves in for Brexit 2.0.

Original URL: https://www.news.com.au/finance/markets/world-markets/page/37