Qantas is to cut 5000 more jobs and to cut capex by $1 billion in the 2015 and 2016 financial years.
The market is down 21 points. The Dow Jones was up 19 at 16,198. The market rose in early trade but then range traded around yesterday’s closing level before rising late in the session in a 100-point range.
Housing data dominated the US market — New home sales rose 9.6% in January to a five-and-a-half-year high with a seasonally adjusted