Unemployment Benefits and Stock Market

Australian share market: And the Australian share market looks set to open higher following gains on Wall Street amid a surge in world oil prices, according to Nine News Australia. At 0645 AEDT on Friday, the share price futures index was up three points at - The number of people seeking unemployment benefits in the US fell last week, a sign that employers aren't cutting jobs in response to global economic weakness and sharp stock market drops. At 0700 AEDT on Friday, the local unit was trading at 70.78 US cents, up from 70.40 cents on Thursday. WASHINGTON - Orders to US factories for long-lasting manufactured goods tumbled in December, with a key category that tracks business investment plans falling for a second straight month. BRUSSELS - The European Commission has weighed into the row about multinational corporations avoiding tax, proposing to clamp down on companies shifting their profits to low-tax countries. ST PETERSBURG - Russia says that OPEC kingpin Saudi Arabia had proposed global oil production cuts of up to five per cent in what would be the first universal deal in over a decade to help clear a glut of crude and prop up sinking prices. (news.financializer.com). As reported in the news.