The Australian share market, or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index, is expected to open positive on Tuesday morning, according to the Sydney Futures Exchange.
Here’s what you need to know:
SFE ASX 200 futures: +32
Australian Dollar ($A) (AUDUSD): 80.15 US cents
Dow Jones: up 0.5%
Oil (WTI): $US63.20 per barrel
Gold: $US1,332 per ounce
Overnight, London-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) closed down 1.3% and down 0.3%, respectively.
Australian Investing News
This morning, investors will be eagerly watching shares of logistics technology company, GetSwift Ltd (ASX: GSW). At the weekend, news surfaced that the popular tech company may not have fully secured some important deals that it announced to the market. It entered a trading halt yesterday. Read more here.
Making news this morning is National Veterinary Care Ltd (ASX: NVL). It said the settlement of the two remaining vet clinics, which it announced in December, has completed. National Vet has acquired 11 clinics this financial year, the company’s ASX filing read, which account for $3.1 million in EBIT (what does EBIT mean?).
QBE Insurance Group Ltd (ASX: QBE), one of Australia’s largest general insurers, provided a trading update this morning. As a result of natural weather events, a review of claims and two one-off items, QBE revealed that it expects to report an after-tax loss of around $1.2 billion for its 2017 financial year.
“This has been a challenging year for QBE, reflecting an unprecedented cost of catastrophes as well as the particularly disappointing deterioration in our emerging markets businesses,” QBE Group CEO Pat Regan said.
In other news:
- Uranium business Berkeley Energia Ltd (ASX: BKY) filed its quarterly report today. Berkeley said construction preparation continues and the $US120 million from the Oman sovereign wealth fund was overwhelmingly approved by shareholders.
- Ship builder Austal Limited (ASX: ASB) said its joint venture with China’s Aulong Shipbuilding secured contracts to build four high-speed ferries.
- Spark NZ (ASX: SPK) announced the appointment of Grant McBeath as interim CEO of Spark’s Home, Mobile and Business division.
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Editor’s note: this article originally referred to Spark Infrastructure Group instead of Spark NZ. Rask Media apologises for the error.
