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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. The gains on Wednesday were led by drugmakers, which would have faced the likelihood of price controls under Mrs Clinton. Pfizer jumped soared 8 percent, the biggest gain in the Dow […]

Finance news you need to know today

HERE are eight things making news in business and finance today. 1. SYDNEY — The Australian dollar has surged against its US counterpart to be just under 77.5 US cents ahead of the presidential race between Democrats Hillary Clinton and Republican candidate Donald Trump. at 0635 AEDT on Wednesday, the local unit was trading at […]

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GLOBAL stock markets remained steady following strong Wall Street gains yesterday, as investors focused on the final hours of a tight US presidential race. Germany’s DAX was 0.1 per cent lower at 10,449 and France’s CAC-40 was down by the same rate at 4,458. London’s FTSE 100 was stable at 6,805. Wall Street looked set […]

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Finance news you need to know today

HERE are 10 things making news in business and finance today. 1. SYDNEY — The Australian dollar has comfortably breached the 77 US cents barrier and has risen strongly against the yen and the euro. At 0635 AEDT on Tuesday, the local unit was trading at 77.16 US cents, up from 76.76 cents on Monday. […]

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Finance news you need to know today

HERE are eight things making news in business and finance today. 1. SYDNEY — The Australian dollar is higher against the US dollar, the yen but has fallen against the euro. At 0635 AEDT on Monday, the local unit was trading at 76.73 US cents, up from 76.69 cents on Friday. 2. SYDNEY — The […]

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Finance news you need to know today

HERE are seven things making news in business and finance today. 1. SYDNEY — The Australian dollar has continued its ascent against its US counterpart, and is higher against the yen and the euro. At 0635 AEDT on Friday, the local unit was trading at 76.83 US cents, up from 76.68 cents on Thursday. 2. […]

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Finance news you need to know today

HERE are 11 things making news in business and finance today. 1. SYDNEY — The Australian dollar is higher against the US dollar which has weakened as investors shun risk amid signs the US presidential race is tightening. At 0635 AEDT on Thursday, the local unit was trading at 76.58 US cents, up from76.31 cents […]

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DONALD Trump’s odds are narrowing and markets are bracing for Brexit 2.0. As the Republican presidential candidate pulls even with Hillary Clinton in the polls following the FBI’s email probe bombshell, financial markets around the world are seeing heavy selling. The Vix index — commonly referred to as Wall Street’s “fear gauge”, which measures expectations […]

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Finance news you need to know today

HERE are eight things making news in business and finance today. 1. SYDNEY — The Australian dollar has hardly changed against the US dollar but has fallen against the yen and the euro. At 0635 AEDT on Wednesday, the local unit was trading at 76.50 US cents, up from 76.54 cents on Tuesday. 2. SYDNEY […]

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