WORLD FINANCE UPDATE:
The Australian share market looks set to open nearly half a per cent higher after signs that US political holdouts will support the Republicans’ tax reform bill pushed Wall Street’s key indexes to fresh record highs.
At 0700 AEDT on Monday, the share price futures index was up 29 points, or 0.48 per cent, at 6,037.
Meanwhile, the Australian dollar is lower against the greenback with the US dollar index lifting 0.5 per cent the amid elevated sentiment.
The local currency was trading at 76.54 US cents at 0700 AEDT on Monday, from 76.72 on Friday.
LONDON – British Prime Minister Theresa May says she will not be derailed from leaving the European Union, laying the groundwork for difficult meetings this week in which she will try to unite a divided cabinet behind her vision for post-Brexit Britain.
EDINBURGH – A poll has found that 51 per cent of Britons would now like to stay in the European Union while 41 per cent want to leave the bloc – a near reversal of last year’s referendum result.
LONDON – Bitcoin has blasted to another all-time high of just over $US17,750 ($A24,850), up 8 per cent on opening, as concerns grow over the risks of investing in the highly volatile and speculative instrument.
BEIJING – A second prototype of China’s home-built C919 passenger jet has taken off for a test flight in Shanghai, state television reports, another step forward in the country’s ambitions to muscle in to the global jet market.
TORONTO – Police are investigating the possibility of a murder-suicide in the deaths of Canadian pharmaceuticals billionaire Barry Sherman and his wife, local newspapers are reporting
BERLIN – Germany expects to welcome less than 200,000 new migrants this year, the country’s interior minister says.