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S&P/ASX 200 To Open Flat

The Australian share market, or S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO), is expected to open flat on Monday.
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The Australian share market, or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index, is expected to open flat Monday morning, according to the Sydney Futures Exchange.

Here’s what you need to know:

SFE ASX 200 futures: -7

Australian Dollar ($A) (AUDUSD): 79.06 US cents

Dow Jones: up 1%

Oil (WTI): $US61.68 per barrel

Gold: $US1,356 per ounce

On Friday, London-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) closed down 1.3% and 0.6%, respectively, according to Google Finance.

Australian Investing News

This morning, Iron Mountain Inc (ASX: INM), the diversified information storage company, released its 2017 results to the ASX showing a 9% increase in total revenue and a profit of $185 million – up from $107 million a year earlier.

Health insurer NIB Holdings Limited (ASX: NHF) reported a 9% increase in revenue to $1.1 billion for the six-month period ended 31 December 2017. Meanwhile, profit was 1% lower at nearly $71 million.

Funerals business InvoCare Limited (ASX: IVC) filed its full year results with the ASX this morning revealing a 1% increase in revenue and a profit of $97 million, up 37%.

GWA Group Ltd (ASX: GWA), a $720 million building fixtures business, reported a half-year 2% increase in revenue and profit of $28 million, up 7% compared to the same period in 2016.

Finally, Domain Holdings Australia Ltd (ASX: DHG), the business behind the Domain property listings website, reported half-year revenue of $113 million, up 62%, and a loss of $3.4 million. A partially franked interim dividend of 4 cents per share was declared.

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