The Australian share market, or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index, is expected to open positive on Monday morning, according to the Sydney Futures Exchange.
Here’s what you need to know:
SFE ASX 200 futures: +30
Australian Dollar: 79.98 US cents
Dow Jones: up 0.2%
Oil (WTI): $US63.21 per barrel
Gold: $US1,306 per ounce
On Friday, London-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) closed up 1.1% and 0.7%, respectively.
Australian Investing News
This morning, shares of logistics technology company, GetSwift Ltd (ASX: GSW) will be closely watched. At the weekend, news surfaced that the popular tech company may not have fully secured the important deals that it announced to the market. Read more here.
Also this morning, Australian Pharmaceutical Industries Ltd (ASX: API), the owner of chemists like Priceline pharmacies, released a trading update and outlook. API said it expects its half-year profit to be down 9% compared to the prior period. However, full-year profit is expected to come in slightly higher than last year.
“In contrast to the strong sales we experienced during 2016, consumer spending remained subdued throughout the 2017 calendar year and we did not see that change during the Christmas period,” API CEO, Richard Vincent, said.
Xero Limited (ASX: XRO) provided an update on its transition to listing its shares solely on the ASX. Xero said it is in the final stages and expects to have the shares listed exclusively on the ASX by February 5th.
Here’s some news from Friday evening, after the market closed:
- Yancoal Australia Ltd (ASX: YAL) released its quarterly report, with production up 92% on the prior year.
- Cedar Woods Properties Limited (ASX: CWP) announced an increase in its corporate debt facility and an extension to 2020. The previous $175 million debt allowance increased $30 million.
- IMF Bentham Ltd (ASX: IMF), a funder of legal battles, announced the outcome of two of its US cases. One resulted in a conditional settlement while the other ended in a dismissal.
- Data#3 Limited (ASX: DTL), an IT solutions business, revealed that net profit for the first half of its 2018 financial year will be around $4 million. The guidance is consistent with its announcement in December and is lower than last year’s result.
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