The Australian share market or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index is expected to open slightly higher on Friday morning, according to data from the Sydney Futures Exchange.
Here’s the key headline data:
SFE ASX 200 futures: +18
Australian Dollar ($A) (AUDUSD): 77.57 US cents
Dow Jones (DJI): up 1.2%
Oil (WTI): $US67.15 per barrel
Gold: $US1,340 per ounce
Overnight, London-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) finished down 0.2% and up 0.8%, respectively, according to Yahoo! Finance.
Australian Investing News
Making news in Australia and on the ASX, New Zealand’s Chorus Ltd (ASX: CNU) provided its third-quarter network connections update. Chorus, a leading telecommunications business, reported a slight decline in fixed connections but an increase in broadband connections and an increased uptake of fibre services.
Meridian Energy Ltd (ASX: MEZ) released its monthly operating report for March showing an increase in hydro storage to 113% of the historical average.
Westfield Corp Ltd (ASX: WFD), the global shopping centre arm of Westfield, released its shareholder booklets for the proposed merger with Europe’s largest commercial real estate owner, Unibail-Rodamco, and the sale of OneMarket. Westfield’s directors unanimously recommend the deal.
Property Tweet
Developer insolvencies looming: never in Australia's history has there been so many stalled projects – overwhelmingly apartments (ABS) #ausbiz h/t @John_Hempton @jtepper2 pic.twitter.com/eYraqhwuVb
— Pete Wargent (@PeteWargent) April 11, 2018
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