The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up by 0.28% on Wednesday.
Australian Dollar ($A) (AUDUSD): 68.50US cents
Dow Jones (DJI): up 0.17%
Oil (WTI): $US55.88 per barrel
Gold: $US1,492 per ounce
ASX Sharemarket News
In ASX sharemarket news, AMP (ASX: AMP) has released its quarterly assets under management (AUM) and cashflow update.
The biggest net cash outflow in the wealth management segment was in the superannuation sector which saw a $1.37 billion outflow.
AMP CEO Francesco De Ferrari said: “Each of our businesses performed broadly as expected during the third quarter. AMP Capital continues to experience strong demand for its real assets investment capabilities, with especially strong infrastructure debt flows and commitments of US$6.2 billion received for its fourth infrastructure debt strategy.”
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Cimic (ASX: CIM) gave its report for the nine months to September 2019 and said that its net profit increased by 2% to $573 million. The engineering business said it had ‘stable’ revenue of $10.7 billion.
CIMIC Executive Chairman Marcelino Fernandez Verdes said: “CIMIC Group is on track at the end of the third quarter. The positive outlook across the Group’s core markets supports our full year guidance.
The mining market continues to strengthen, investment in infrastructure is driving construction and services, and we have a unique position in a growing PPP market.
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Qantas (ASX: QAN) has released a trading update this morning. Total revenue increased by 1.8% to $4.56 billion thanks to a strong performance by Qantas International .
But there has been headwinds from foreign exchange expenses, an impact from the Hong Kong unrest and the trade war impact on international freight market.
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