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S&P/ASX 200 Tipped To Open higher

The Australian share market, or S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO), is expected to open in positive territory on Monday, as the Australian Dollar (A$) (AUDUSD) hovers at 81 US cents.
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The S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index is expected to open higher on Monday morning, according to the Sydney Futures Exchange.

Here’s what you need to know:

SFE ASX 200 futures: +30

Australian Dollar ($A) (AUDUSD): 80.99 US cents

Dow Jones: up 0.85%

Oil (WTI): $US66.14 per barrel

Gold: $US1,357 per ounce

On Friday, London-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) closed up 0.9% and down 0.44%, respectively.

Australian Investing News

This morning, Commonwealth Bank of Australia (ASX: CBA) announced the appointment of Matt Comyn as CEO, effective April 2018, replacing the outgoing Ian Narev.

A global search identified Mr Comyn, said Chair Catherine Livingstone. Comyn will be paid $2.2 million as a fixed yearly salary, plus he could receive an additional $2.2 million in short-term incentives and another $3.96 million in long-term incentives.

Embattled iron ore miner Atlas Iron Limited (ASX: AGO) announced a Pilbara update, showing “encouraging copper and lithium results” from its recent exploration. It also repaid $20 million in debt.

Minerals business Iluka Resources Limited (ASX: ILU) released its quarterly review showing a 22% jump in production volumes and noted “robust” market conditions in mineral sands.

Small financial technology company, Praemium Ltd (ASX: PPS), announced the launch of its SMA international.

Praemium said, “with increasing demand for globally diversified portfolios, the addition of international model portfolios to the Praemium SMA will provide greater choice for advisers and their clients, giving them direct access to quality global investment opportunities in a cost-effective manner.”

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