S&P/ASX 200 Tipped To Open In The Green

The Australian share market or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index is tipped to lower Wednesday morning, according to the Sydney Futures Exchange.

The Australian share market or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index is tipped to slightly higher Wednesday morning, according to the Sydney Futures Exchange.

Here’s what you need to know:

SFE ASX 200 futures: +7

Australian Dollar ($A) (AUDUSD): 76.83 US cents

Dow Jones (DJI): up 0.5%

Oil (WTI): $US63.42 per barrel

Gold: $US1,310 per ounce

Overnight, London-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) closed up 1.4% and up 1.3%, respectively.

Australian Investing News

Making news in Australia and in the ASX 200, yesterday’s release of TPG Telecom Ltd’s (ASX: TPM) half-year report will still be lingering in the minds of investors.

Despite announcing a full-year profit guidance upgrade, the telco’s shares were sold down. You can read more here. 

Nufarm Limited (ASX: NUF), a $2.7 billion agricultural chemicals business, released its half year report to the ASX this morning. The Victorian company achieved a 7% rise in revenue with a profit of $12 million, that’s down from $20 million in the same half last year.

Rio Tinto Limited (ASX: RIO), the global mining giant, announced that it will use, “some of its surplus liquidity to further reduce gross debt”. Rio Tinto plans to undertake a bond-buying program equivalent to $2.25 billion.

Dairy co-op Fonterra Shareholders Fund (ASX: FSF) released its interim financial report covering the six months to 31 January 2018. Fonterra Chairman, John Shewan, said, “Fonterra’s overall operating result was generally in line with expectations.” 

Did you know it’s free to join The Rask Group’s Investor Club Newsletter? It’s a regular (usually weekly) news and educational update on financial markets, investing and unique strategies. Join today and get ready to laugh and learn.

Click here to join The Rask Group’s Investor Club Newsletter Today

 

Hey, you, read this disclaimer: This article contains information only. It is not financial advice. It is no substitute for trusted and licensed financial advice and should not be relied upon. By using our website you agree to our Code of EthicsDisclaimer & Terms of Use and Privacy Policy. Also, don’t forget, past performance is not a reliable indicator of future performance. 

Better investing starts here.

Want to level-up your analytical skills and investing insights but don’t know where to start? Join 50,000 Australian investors on our mailing list and we’ll send you our favourite podcasts, courses, resources and investment articles every Sunday morning. Grab a coffee and let Owen and the team bring you the best  insights.

5%+ in passive income

Owen Rask’s investing report available

With bond ETFs like ASX:IAF and the S&P 500 riding high, now could be one of the best times to start earning passive income from a portfolio of shares and ETFs.

In this free analyst report, our Chief Investment Officer, Owen Rask, names 10 ASX stocks and ETFs to watch.

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Skip to content