Wednesday, 28 January 2015

Finance news you need to know today

THE Australian dollar is slightly lower following falls on US and European stock markets. 

US consumer products giant Procter & Gamble has reported a sharp drop in quarterly earnings and warned of a tough year due to the strengthening dollar.

At 0630 AEDT on Wednesday, the local unit was trading at 79.31 US cents, down from 79.42 cents on Tuesday.

And the Australian share market looks set to open lower following falls on Wall Street after a slide in durable goods orders and some disappointing earnings reports.

At 0645 AEST on Wednesday, the March share price index futures contract was down 17 points at 5,474.

ELSEWHERE:

ATHENS — The Athens stock market has plunged more than six per cent amid jitters over whether the new far-left government will renege on Greece’s international bailouts.

WASHINGTON — Orders for long-lasting manufactured goods in the US dropped sharply in December, dragged lower by a big decline in demand in the volatile commercial aircraft category.

WASHINGTON — US consumer confidence surged in January to its highest level in more than seven years, the Conference Board says.

BERLIN — The German government is forecasting economic growth of 1.5 per cent this year, higher than originally expected, according to the economy ministry’s annual report obtained by AFP.

LONDON — Britain’s economy grew in 2014 at the fastest annual pace since before the global financial crisis, despite a fourth-quarter slowdown, official data shows.

NEW YORK — US heavy equipment maker Caterpillar says the plunge in oil prices hit the company’s earnings in the fourth quarter of 2014.


NEW YORK — US consumer products giant Procter & Gamble has reported a sharp drop in quarterly earnings and warned of a tough year due to the strengthening dollar.

STOCKHOLM — Swedish telecoms giant Ericsson says its net profit plunged by over a third in the fourth quarter, dragged down by falling demand in its key market North America.

No comments:

Post a Comment