The Australian share market, or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index, is expected to open higher on Friday morning, according to the Sydney Futures Exchange.
Here’s what you need to know:
Australian Dollar: 79.94 US cents
Dow Jones: down 0.4%
Oil (WTI): $US64 per barrel
Gold: $US1,329 per ounce
Overnight, London-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) closed down 0.7% and up 0.3%, respectively.
Australian Investing News
This morning, Genesis Energy Ltd (ASX: GNE) (NZE: GNE) released its second-quarter report, showing a 24% jump in business to business electricity sales and 27% increase in LPG customers.
Senex Energy Ltd (ASX: SXY) updated the market on its most recent quarter, with revenue up 33% on the prior quarter thanks to higher oil prices and better volumes. “Senex achieved a strong financial result this quarter, with robust pricing and higher volumes,” CEO Ian Davies said. “At this mid-point in the financial year we have significant momentum in the business and a positive macro environment.”
Integral Diagnostics Ltd (ASX: IDX) reported a near 6% increase in revenue for its half-year reporting period, while profits fell 5%. CEO, Ian Kadish, said, “The year on year improvement has been impressive and has been driven by integrating the three businesses into one cohesive operation, with strong medical leadership focused on quality care and service.”
Finally, Integrated Research Limited (ASX: IRI), the IT solutions business, updated the market on its profit guidance for the six months to 31 December 2017. IRI expects to generate a profit after taxes of between $8.9 million and $9.3 million, equivalent to between 15% and 21% growth.
Outside of the Australian share market, cryptocurrencies Bitcoin (BTC), Ripple (XRP) and Ethereum (ETH) rebounded overnight, although no explanation for the rises is apparent.
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