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S&P/ASX 200 Tipped For Positive Open

The Australian share market, or S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO), is expected to open in positive territory on Wednesday, as the Australian Dollar (A$) (AUDUSD) sits over 80 cents.
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The Australian share market, or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index, is expected to open positive on Wednesday morning, according to the Sydney Futures Exchange.

Here’s what you need to know:

SFE ASX 200 futures: +15

Australian Dollar ($A) (AUDUSD): 79.99 US cents

Dow Jones: down 0.1%

Oil (WTI): $US64.57 per barrel

Gold: $US1,341 per ounce

Overnight, London-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) closed down 1.1% and 1%, respectively.

Australian Investing News

This morning, investors will again be 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.

On Monday, GetSwift shares entered a trading halt pending the release of information before the ASX opens this morning. Read more here.

Henry Morning Ltd (ASX: HML), a Queensland-based investment company which has had its shares suspended from trading since June 2017, says it will pay dividends equivalent to 50% of its profit starting 1 July 2018. Managing Director Stuart McAuliffe said the new dividend policy, “provides the right balance between flexibility, investing for growth and providing attractive levels of ongoing earnings for shareholders.” Henry Morgan has been suspended from trading since June 2017 when ASIC issued a stop order.

In broker news, analysts at Macquarie raised their price target on Westfield Corp Ltd (ASX: WFD) shares 1.3% to $10.14, and Deutsche Bank analyst upgraded Nine Entertainment Co Holdings Ltd (ASX: NEC) to a buy, according to Dow Jones Newswires.

Other companies making news today:

  • Mercury NZ Ltd (ASX: MCY) — lifted its operating profit guidance to $530 million following an increase in hydroelectricity generation.
  • Vista Group International Ltd (ASX: VGL) (NZE: VGL) announced that Kimbal Riley will take over from CEO, Murray Holdaway.

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