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S&P/ASX 200 Tipped To Open Lower

The Australian share market, or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index, is expected to open lower on Wednesday morning, according to the Sydney Futures Exchange.

Here’s what you need to know:

SFE ASX 200 futures: -13

Australian Dollar ($A) (AUDUSD): 80.76 US cents

Dow Jones: up 0.2%

Oil (WTI): $US66.01 per barrel

Gold: $US1,336 per ounce

Overnight, London-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) closed down 0.7% and flat, respectively.

Australian Investing News

This morning, Kiwi aged care and retirement village operator Oceania Health Ltd (ASX: OCA) released its half-year financial report to the market. For the six months to 30 November 2017, Oceania Healthcare reported revenue up 3.2% and profit 93% higher.

Nearmap Ltd (ASX: NEA) announced the appointment of Dr Tom Celinski as executive vice president of technology and engineering.

Rating agency Moody’s upgraded their rating on the debt of engineering and mining equipment business Emeco Holdings Limited (ASX: EHL) to “B3”, and notched up its outlook to stable. A better debt rating allows companies to get more competitive interest rates on loans.

Chocolate company Yowie Group Ltd (ASX: YOW) filed its quarterly report with the ASX revealing a 23% rise in second-quarter global sales.

“Overall, the quarter sales were solid due to the Australian and Canadian additions to the portfolio,” Chairman Louis Carroll said. “We are seeing encouraging results in the commitment in new distribution in the US, Australia and Canada.”

Also in focus today, GetSwift Ltd (ASX: GSW), whose shares have been frozen from trading since Monday, is due to release a formal response to news that it failed to inform the market of material contracts. Read more here.

Finally, gold mining company Northern Star Resources Ltd (ASX: NST) reported gold output of 128,819 ounces in its second quarter, with average costs of $1,067 per ounce.

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