The Australian share market, or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index, is expected to open higher on Monday morning, according to the Sydney Futures Exchange.
Here’s what you need to know:
Australian Dollar: 78.08 US cents
Dow Jones: up 0.9%
Oil (WTI): $US64.23 per barrel
Gold: $US1,334 per ounce
Bitcoin (BTC): $US13,471
On Friday, London-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) closed up 1.2% and down 0.3%, respectively.
Here in Australia, although Chinese iron ore futures fell 1.3% overnight IG Markets strategist Chris Weston is tipping the local materials sector, which includes BHP, Rio and Fortescue Metals Group Limited (ASX: FMG) to “perform well”.
On Friday after the ASX’s close, Pilbara Minerals Limited (ASX: PLS) responded to an ASX letter asking why it lodged an Appendix 3Y notice late. An Appendix 3Y is a form notifying investors of a change in a director’s shareholding. Pilbara Minerals said it was an “administrative oversight” and, “We note that the market was fully informed at all relevant times”.
This morning, Sydney Airport Holdings Ltd (ASX: SYD) announced the commencement of its new CEO, Geoff Culbert.
Murray River Organics Ltd (ASX: MRG) announced the appointment of Albert Zago as Chief Financial Officer. “Albert is an exceptional CFO who takes a ‘can do’ approach in developing and leading the implementation of new information systems and business processes in a team environment,” Murray River Organics CEO, George Haggar, said.
Finally, Deutsche Bank analysts downgraded Nextdc Ltd (ASX: NXT) shares from “Buy” to “Hold”, according to Dow Jones Newswires.