The Australian share market or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index is expected to open slightly higher on Tuesday morning, according to data from the Sydney Futures Exchange.
Here’s the key headline data:
SFE ASX 200 futures: +11 points
Australian Dollar ($A) (AUDUSD): 77.81 US cents
Dow Jones (DJI): up 0.9%
Oil (WTI): $US66.41 per barrel
Gold: $US1,350 per ounce
Overnight, London-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) finished down 1.6% and down 1.5%, respectively, according to Yahoo! Finance.
Australian Investing News
There are plenty of companies making news in Australia and on the ASX today.
This morning, Bank of Queensland Limited (ASX: BOQ) released its half-year financial results to investors showing a 4% rise in revenue for the period ended 28 February 2018. BOQ reported a profit of $174 million, up 8% on the period a year earlier. BOQ’s board declared a 38 cent fully franked dividend on its common shares.
Shares of NEXTDC Limited (ASX: NXT), the data centre operator, entered a trading halt today. NEXTDC said it plans to conduct an institutional capital raising.
Atlas Iron Limited (ASX: AGO), the embattled iron ore miner, released its March quarter report with shipments of 2 million tonnes (wmt) at a full cash cost of $62 per tonne.
Managing Director, Cliff Lawrenson, said: “We were squeezed by a combination of factors including the impact of the significant ongoing discounts applied to lower-grade iron ore, the impact of provisional pricing estimates after the rapid fall in forward prices late in the quarter and higher unit operating costs stemming from our reduced production volumes.”
CIMIC Group Ltd (ASX: CIM), formerly Leighton Holdings, announced its results for the three months to 31 March 2018. Cimic Group said its first-quarter profit was $172 million, up 7%. It confirmed its full-year profit guidance of between $720 million and $780 million.
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