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S&P/ASX 200 Expected To Open Slightly Lower

The Australian share market or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index is expected to open slightly lower Monday morning, according to data from the Sydney Futures Exchange.
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The Australian share market or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index is expected to open slightly lower Monday morning, according to data from the Sydney Futures Exchange.

Here’s the key headline data:

SFE ASX 200 futures: -15 points

Australian Dollar ($A) (AUDUSD): 76.68 US cents

Dow Jones (DJI): down 0.8%

Oil (WTI): $US68.31 per barrel

Gold: $US1,335 per ounce

On Friday, London-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) finished up 0.9% and 0.9%, respectively, according to Yahoo! Finance.

Australian Investing News

Making news in Australia and on the ASX, toll roads business Macquarie Roads Altas (ASX: MQA) announced the appointment of Graeme Bevans as CEO.

“Graeme has a very deep understanding of the global infrastructure arena and the emerging trends,” Macquarie Atlas Roads’ Chairman, Dr Nora Scheinkestel, said.

Also making headlines this morning, comparison website owner iSelect Ltd (ASX: ISU) released a trading update to the ASX and announced the resignation of CEO Scott Wilson, effective immediately.

iSelect said trading in the last two weeks of March and the first three weeks of April were below expectations due to market volatility, lower leads and higher costs in its energy and telecommunications businesses.

Kogan.com (ASX: KGN) released its quarterly cash flow statement and issued a market update. The online retail store revealed that 2018 unaudited third-quarter revenue is expected to be up 46% over the same period in 2017. Kogan Mobile had 1.28 million customers at 31 March 2018.

“Kogan.com commenced the new calendar year with a strong quarter of continued growth as we execute our long term strategy,” Founder and CEO, Ruslan Kogan said.

Homebuilder Mirvac Group (ASX: MGR) released a third-quarter operational update to ASX investors reaffirming its 2018 operating profit guidance of between 15.3 cents and 15.6 cents.

Finally, Galaxy Resources Limited (ASX: GXY) revealed sales of 44,258 tonnes of lithium concentrate during its first quarter of 2018.

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