The Australian share market or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index is tipped to lower Thursday morning, according to the Sydney Futures Exchange.
Here’s what you need to know:
SFE ASX 200 futures: -7
Australian Dollar ($A) (AUDUSD): 78.78 US cents
Dow Jones (DJI): down 1%
Oil (WTI): $US60.96 per barrel
Gold: $US1,326 per ounce
Overnight, London-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) closed up 0.7% and flat, respectively.
Australian Investing News
Making news in Australia and in the ASX 200, shares of Australia’s major banks will be in focus.
Yesterday, the first round of hearings for the Royal Commission put the spotlight on Commonwealth Bank of Australia (ASX: CBA), National Australia Bank Ltd. (ASX: NAB), Westpac Banking Corp (ASX: WBC) and Australia and New Zealand Banking Group (ASX: ANZ).
The lending practices of NAB and CBA were key stories from yesterday’s hearing. For example, NAB revealed that around 15% of home loans didn’t comply with its lending standards.
This morning, CBA’s executive general manager of home buying, Daniel Huggins, is expected to take the stand first, according to the ABC.
Further down the market, beer company Gage Roads Brewing Co Limited (ASX: GRB) has responded to an ASX price query saying that it is not aware of any reason which could explain the recent swing in trading volume of its shares.
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