share price index: The Australian market looks set to open higher after Wall Street ended mainly slightly higher as fears eased that the Federal Reserve would strongly signal it would raise interest rates in June, according to Nine News Australia. At 0645 AEST on Thursday, the share price index was up 50 points at - The Federal Reserve kept interest rates unchanged but signalled confidence in the US economic outlook, leaving the door open to a hike in June. At 0700 AEST on Thursday, the local unit was trading at 75.82 US cents, down from 76.11 cents on Wednesday. WASHINGTON - The US goods trade deficit narrowed sharply in March as imports tumbled, suggesting economic growth in the first-quarter was probably not as weak as currently anticipated. MENLO PARK, California - Facebook is reporting stronger-than-expected results for its first quarter, helped by a growing number of users and higher advertising revenue. LONDON - British authorities say the UK economy grew by 0.4 per cent in the first quarter of 2016, down from 0.6 per cent in the fourth quarter of last year, amid concerns about a global slowdown and a vote on European Union membership.
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