Changes are happening - please bear with us while we update our site.

Changes are happening - please bear with us while we update our site. Click here to give us your advice and feedback.

Australia’s S&P/ASX 200 Expected to Open Higher Tuesday

The Australian share market and S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) are expected to open higher on Tuesday.

The Australian share market, or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) and ALL ORDINARIES (INDEXASX: XAO) (ASX: XAO), are expected to open higher on Tuesday according to the Sydney Futures Exchange, following gains from US markets on Monday.

Australian Dollar: 76.65c

Oil (WTI): $US57.23 per barrel

Bitcoin: $US18,716

Gold: $US1,262 per ounce

On the ASX today, investors will be watching shares of Fairfax Media Limited (ASX: FXJ) and NZME Ltd (ASX: NZM) following a decision by the High Court of New Zealand to dismiss a merger appeal.

Earlier in the year, the New Zealand Commerce Commission (NZCC) opposed a potential merger of Fairfax’s Kiwi assets and those of NZME. The two companies appealed to the High Court in October but were unsuccessful.

“The High Court’s decision is disappointing,” Fairfax CEO, Greg Hywood said. “Our New Zealand business is embracing radical change, becoming more dynamic and cost efficient, and continuing to grow a diversified revenue mix of digital products and services to support New Zealand journalism.”

In other news, Melbourne-based Aconex Ltd (ASX: ACX) could again be a focal point following news of a takeover by US giant Oracle Corporation on Monday. According to its ASX filing, the proposed deal values Aconex at $1.6 billion.

Further down the market, Helloworld Ltd (ASX: HLO) announced an acquisition of Magellan Travel Group for $32.5 million. Helloworld said the deal is subject to formal transaction documentation and will be funded by a mixture of cash (65%) and shares (35%).

Helloworld CEO, Andrew Burnes, said, “We are delighted to welcome the 130 agents who are part of the Magellan network around Australia to the Helloworld Travel group.”

Keep reading

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

5%+ in passive income

Owen Rask’s investing report available

With bond ETFs like ASX:IAF and the S&P 500 riding high, now could be one of the best times to start earning passive income from a portfolio of shares and ETFs.

In this free analyst report, our Chief Investment Officer, Owen Rask, names 10 ASX stocks and ETFs to watch.

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Skip to content