The Australian share market or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index woke up on the wrong side of the bed and is expected to open slightly lower Monday 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): 76.78 US cents
Dow Jones (DJI): down 2.3%
Oil (WTI): $US62.15 per barrel
Gold: $US1,337 per ounce
On Friday, London-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) finished down 1.5% and 2.3%, respectively, according to Yahoo! Finance.
Australian Investing News
Making news in Australia and in the ASX 200, Commonwealth Bank of Australia (ASX: CBA) confirmed the issuance of its hybrid debt known as PERLS X Capital Notes.
Last week, CBA, Australia’s largest bank, issued 13.65 million notes priced at $100 each, raising $1.35 billion.
Blue Sky Alternative Investments Limited (ASX: BLA) issued a letter to investors this morning. In its letter, managing director Robert Shand explained the recent ‘attack’ by a foreign activist short seller.
“Over the last ten days, our company has been attacked by a foreign activist short seller,” Mr Shand wrote. “Regrettably, this is relatively new in the Australian market. The only long term solution to this attack is to continue to demonstrate the performance of our business through continuing to grow our fee-earning AUM and delivering returns for our investors.”
Notable US-based short-seller Glaucus Research Group recently released a report with Blue Sky as its target. Blue Sky has rebutted many of the claims made by the group but not everyone was convinced. Read more about the short seller report here: “Blue Sky Shares Return To Trade”.
Magellan Financial Group Ltd (ASX: MFG), the fund manager who until recently sponsored Cricket Australia’s Ashes competition, released its monthly funds under management update. Compared to February, in March Magellan’s level of investable funds remained mostly flat.
AirXpanders Ltd (ASX: AXP) announced the resignation of Scott Dodson as CEO and the appointment of Scott Murcray, the company’s current chief financial and operating officer, to the top role.
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