澳洲新闻 (ABC新闻快递) 2010-01-30（在线收听）

The US economy is on the road to recovery, posting its fastest growth rate in six years. Fourth quarter GDP grew by 5.7 percent, much faster than expected. The Obama administration’s welcomed the news, saying recent policies have helped the country’s economic recovery. But the President says job growth is still lagging despite this.

US stocks initially rallied on the news, but the Dow finished 0.5 percent lower with investors worried about fiscal turmoil in Europe. European stocks rose on the back of that upbeat US second economic data. Banking and commodities rebounded after sharp losses in the previous session. London’s FTSE closed 0.8 percent higher. The Australian dollar slipped back against the majors. It’s buying 88.5 US cents and 55.3 British pence.

In other finance news, Toyota is tipped to resume US sales of its eight recalled models in three weeks’ time. The car manufacturer is facing US Congress scrutiny over its biggest ever safety recall of 2.4 million vehicles. And BMW’s sales slipped 4.7 percent last year, a sign the luxury car market is still feeling the pinch of the global recession.

And that’s your ABC Business News.