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S&P/ASX 200 To Open Higher, 3 ASX Shares To Watch

The S&P/ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went down 0.15.% on Tuesday.
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Jaz Harrison

Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
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The S&P/ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went down 0.15.% on Tuesday.

Australian Dollar ($A) (AUDUSD): 71.55US cents

Dow Jones (DJI): up 0.21%

Oil (WTI): $US53.30 per barrel

Gold: $US1,312 per ounce

ASX Sharemarket News

In ASX sharemarket news, pharmaceutical company Mayne Pharma Group Ltd (ASX: MYX) has announced the launch of TOLSURA 65mg capsules in the United States of America.

Mayne Pharma states that TOLSURA is a new formulation of itraconazole indicated for the treatment of systemic fungal infections including blastomycosis, histoplasmosis and aspergillosis.

The company received US Food and Drug Administration (FDA) approval for TOLSURA in December 2018.

Mayne Pharma CEO Scott Richards said: “This launch has enabled Mayne Pharma to establish a new institutional sales team focused on hospital based infectious disease specialists.” 

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ELMO Software Ltd (ASX: ELO), the HR software & payroll business, announced its quarterly cash report this morning. ELMO generated a positive net operating cash flow of $50,000 in the second quarter of FY19, compared to a cash outflow of $924,000 in the first quarter.

ELMO achieved 75% growth of cash receipts compared to last year’s second quarter and finished with a cash balance of $39 million.

In recent weeks the HR company has announced the acquisition of HROnboard, one of Australia’s leading providers of cloud-based onboarding software, and BoxSuite, a software as a service (SaaS) cloud-based specialist in workplace rostering and time & attendance software for managing casual & shift based employees.

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Major gold miner Newcrest Mining Limited (ASX: NCM) has announced its quarterly report for December 2018.

Some of the highlights included a 19% increase of gold production compared to the September 2018 quarter and an 8% increase of copper production compared to the September 2018 quarter.

All sites increased gold production and reduced all-in sustaining costs (AISC) per ounce compared to the last quarter. Early works on the next block cave at Cadia (PC2-3) have commenced.

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