1min read
PREVIOUS ARTICLE Surprise trade deficit in Nove... NEXT ARTICLE Stocks to watch...

WORLD FINANCE UPDATE:

The Australian share market looks set to open more than half a per cent higher, following strong gains on US markets and fresh record highs elsewhere.

At 0700 AEDT on Friday, the share price futures index was up 35 points, or 0.58 per cent, at 6,059.

Meanwhile, the Australian dollar has soared against the US dollar, amid higher commodity prices.

The local currency was trading at 78.65 US cents at 0700 AEDT on Friday, from 78.39 on Thursday.

ELSEWHERE:

WASHINGTON – The Trump administration has proposed opening nearly all US offshore waters to oil and gas drilling, reversing protections in the Arctic, Atlantic and Pacific.

WASHINGTON – The US Justice Department has rescinded an Obama administration policy that had eased enforcement of federal marijuana laws in states that have legalised the drug, instead giving federal prosecutors wide latitude on pursuing criminal charges.

NEW YORK – The Dow Jones Industrial Average has sailed past the 25,000-mark for the first time, while other major indexes rose to new highs after a strong private jobs report added to a bullish sentiment from indications of robust growth in major economies.

OSLO – Last year was the second hottest worldwide on record, just behind a sweltering 2016 with signs of climate change ranging from wildfires to a thaw of Arctic ice, a European Union monitoring centre says.