The Australian share market looks set to open higher despite an uninspiring Wall Street session.

At 0700 AEDT on Friday, the share price futures index was up 17 points, or 0.29 per cent, at 5,969.

Meanwhile, the Australian dollar is a hair’s breadth off of 80 US cents as the US dollar weakens amid fears of a government shutdown.

The local currency was trading at 79.99 US cents at 0700 AEDT on Friday, from 79.70 on Thursday.


GENEVA – The United States has largely won a World Trade Organisation ruling that China failed to comply with an earlier ruling against its punitive tariffs on US broiler chickens.

NANTES, France – Emirates announced a deal for up to 36 Airbus A380 aircraft on Thursday worth as much as $US16 billion ($A22 billion) at list prices, saving the world’s biggest passenger jet from death row and securing its future for at least another decade.

AMSTERDAM – Winter storms are sweeping across western Europe with the gale-force winds cancelling flights and closing schools.

WIESBADEN, Germany – Sharply fewer construction permits were awarded for residential accommodation in the first 11 months of last year, despite strong demand in the German housing market.

LONDON – A so-called text bomb bug that can crash an iPhone with a single message has been discovered by a security researcher.

BERLIN – German brewers sold less beer over 2017 than in 2016, according to the latest figures, and they’re blaming the weather.