The Australian share market or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index is expected to open slightly lower on Thursday morning, according to data from the Sydney Futures Exchange.
Here’s the key headline data:
SFE ASX 200 futures: -10
Australian Dollar ($A) (AUDUSD): 77.63 US cents
Dow Jones (DJI): down 0.9%
Oil (WTI): $US66.80 per barrel
Gold: $US1,355 per ounce
Overnight, London-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) finished up 1% and 0.3%, respectively, according to Yahoo! Finance.
Australian Investing News
Making news in Australia and on the ASX, jewellery business Michael Hill International Ltd (ASX: MHJ) provided an update to investors revealing that its attempts to sell its US retail stores did not result in “satisfactory offers”.
“The Company has therefore negotiated non-binding in-principle lease exit terms with all US landlords and will now proceed to negotiate binding formal documentation with those landlords,” the company said.
In a separate statement, Michael Hill said, excluding the US business, it grew same store sales by 4.9% for the nine months to 31 March 2018.
In other news, Bubs Australia Ltd (ASX: BUB) provided its third quarter activities and cash flow reports to the ASX showing a 422% jump in net sales. Net cash from its operations was an outflow of $3.1 million.
Mineral Resources Ltd (ASX: MIN) provided a financial guidance update to the ASX. The mining services business confirmed its EBITDA guidance of more than $500 million for its 2018 financial year.
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