The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went up by 0.14% on Friday, it was closed on Monday because of Memorial Day.
Australian Dollar ($A) (AUDUSD): 69.19US cents
Dow Jones (DJI): down 0.74% on Friday
Oil (WTI): $US59.11 per barrel
Gold: $US1,285 per ounce
ASX Sharemarket News
In ASX sharemarket news, dairy business Synlait Milk Ltd (ASX: SM1) has announced an opening forecast base milk price for the upcoming 2020 season is $7 kgMS.
The 2019 season forecast base milk price has increased from $6.25 kgMS to $6.40 kgMS. The final price will be confirmed with the annual result announced in early September 2019.
Synlait CEO Leon Clement said: “The increase to $6.40 kgMS for this season is due to recovering dairy commodity prices since our last update in January 2019. We’ve seen steady improvements in prices since the start of December, recovering a lot of the ground lost earlier in the season. We think it’s realistic in the light of the current slowdown in world supply and strong demand from our key markets.”
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Commonwealth Bank of Australia (ASX: CBA) CEO Matt Comyn is going to talk at a business lunch today, according to the Australian Financial Review.
Mr Comyn hopes to embrace a new mindset to fix mistakes faster and cut customer fees. The big bank has a lot of work to do to win back community trust after a harrowing experience from the Royal Commission.
The CBA boss will say that banks have to be capable and reliable, to act transparently, and to deliver better outcomes for customers and the community.
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Oil businesses could be some of the better ASX200 performers today with the oil price rising. One to watch could be the share price of Beach Energy Ltd (ASX: BPT).
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