Here are the headlines from the S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) and Australian finance circles on Monday morning.
But first, here are the data points:
Australian Dollar ($A) (AUDUSD): 74 US cents
Dow Jones (DJI) Friday: down 0.3%
Oil (WTI): $US68.95 per barrel
Gold: $US1,223 per ounce
Australian Investing News
Making finance news, investors will be eagerly preparing for the Australian reporting season, which officially starts this week.
According to CommSec, Rio Tinto Limited (ASX: RIO), ResMed Inc. (CHESS) (ASX: RMD) and BWP Trust (ASX: BWP) are expected to update the market on their financial performance sometime this week.
According to Bloomberg, analysts are expecting ResMed to report a dividend of 14.41 cents per share.
Making headlines this morning, software business ELMO Software Ltd (ASX: ELO) released its fourth quarter cash flow report to the ASX showing an 86% jump in cash receipts.
ELMO Software CEO Danny Lessem said he was pleased with the way his company ended the financial year.
“We are pleased to finish FY18 with a strong fourth quarter,” Lessem said. “It was a milestone year for ELMO, we expanded our product set from seven to twelve modules, increased our customer base and extended our market opportunities across HR administration and payroll.”
In the mining sector Syrah Resources Ltd (ASX: SYR) released its quarterly activities report for the period ending June 30th 2018. With second-quarter production of 21,200 tonnes of graphite, Syrah Resources said its results were impacted by inconsistent flotation and process control.
