The Australian share market or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index is expected to open higher Tuesday morning, according to data from the Sydney Futures Exchange.
Here’s what you need to know:
SFE ASX 200 futures: +33
Australian Dollar ($A) (AUDUSD): 77.45 US cents
Dow Jones (DJI): up 2.8%
Oil (WTI): $US65.49 per barrel
Gold: $US1,353 per ounce
Overnight, London-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) closed down 1.2% and down 0.9%, respectively, according to Yahoo! Finance.
Australian Investing News
Making news in Australia and in the ASX 200, Air New Zealand Ltd (ASX: AIZ) provided its February investor update to the market.
Compared to February 2017, Air New Zealand carried 5.3% more passengers with a 6.3% increase in revenue passenger kilometres. Air New Zealand recently reported a half-year profit of $323 million, its second-highest interim profit ever.
Iron ore miner Fortescue Metals Group Limited (ASX: FMG) announced the redemption of $US1.5 billion of senior debt. Proceeds from a term loan signed on 21 February and the issuance of $US500 million of debt and $US100 million of cash enabled Fortescue to make the repayment.
Fortescue said the remaining balance of this particular debt is $US160 million, which will be repaid from the cash flow of the business.
Newcrest Mining Limited (ASX: NCM) publicly announced the recommencement of mining at its Cadia operation following a tailings dam collapse at the NSW mine earlier in March.
Elmo Software Limited (ASX: ELO) shares entered a trading halt today pending a capital raising.
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