Finance news you need to know today

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The Australian stock market is expected to open lower, following a weak management from Wall Street, which was offset by drop in health shares. Tuesday morning, the Australian stock price futures index fell 17 points or 0.28%. At 5,949 points.

Meanwhile, the Australian dollar is lower, with investors in a risky mood overnight.

pm. 0730 AEST, the local currency was worth 75.31 US cents, from 75.59 US cents on Monday.

WORLD FINANCE UPDATE:

WASHINGTON – The Trump Administration risks launching a trade dispute with Europe, as well as preparing for tense trade negotiations in China. LONDON – The UK's top house has voted to give Parliament's power to block or delay a final agreement on departure from the European Union and defeat Prime Minister Theresa May 19659004] NEW YORK – ] Higher prices on McDonald's menu have enabled their first quarter, where the company reports earnings of $ US1.38 billion.

LONDON – Sainsbury has agreed to purchase W Almart's Asda for around GBP7.3 billion ($ A13.3 billion) to create the UK's largest supermarket group with market share that exceeded Tesco's long-term leader.

MONDAY HIGHLIGHTS:

AMP – AMP Chairman Catherine Brenner has resigned and leaves the service-oriented financial services group as the fake scandal revealed by financial services. Royal Commission shows a small sign of decline.

AGL – Alinta Energy has offered AGL 250 million for its aging Liddell power station in the NSW Hunter Valley.

ACCC DAIRY – The consumer watchdog has found that Australia's dairy industry is being damaged by power disturbances between farmers, processors and suppliers, resulting in market shortages.

AMP CLASS ACTION – AMP faces a fourth potential shareholder action after law firm Phi Finney McDonald announced that it prepares action against wealth management giant for misleading investors and violation of ongoing disclosure obligations.

BANK RESULTS – The big banks will send results this week and while customers will be keen on a response to scandals exposed by royal commission, analysts will be

BUDGET18 DELOITTE – A leading economist says that Australia's current economic climate is almost the "picture perfect" background for increasing tax revenues and threatening federal budgets, but has called on the government to limit spending, as the increase in revenue may not last.

SANTOS – Santos says that liquid natural gas production in Papua New Guinea returns to full capacity next month after an earthquake-forced shutdown.

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