The Australian share market or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index is tipped to open slightly higher Friday morning, according to the Sydney Futures Exchange.

Here’s what you need to know:

SFE ASX 200 futures: +14

Australian Dollar ($A) (AUDUSD): 77.86 US cents

Dow Jones (DJI): up 0.4%

Oil (WTI): $US60.32 per barrel

Gold: $US1,322 per ounce

Overnight, London-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) closed down 2.8% and 1.3%, respectively.

Australian Investing News

Making news in Australia and in the ASX 200, S&P Dow Jones Indices released their quarterly rebalance today. S&P Dow Jones is the company which selects Australian companies to be included in our major stockmarket benchmarks, like the S&P/ASX 200.

Here’s an educational video explaining the ASX 200 index:

In the ASX’s top 20, South32 Ltd (ASX: S32) was added in place of QBE Insurance Ltd (ASX: QBE). In the ASX 200, Bellamy’s Australia Ltd (ASX: BAL) was among those added while Myer Holdings Limited (ASX: MYR) dropped out.

Yesterday evening, hotels business Mantra Group Ltd (ASX: MTR) said it was pleased with the ACCC’s decision to progress with its proposed takeover offer from Accor S.A., which will now be subject to a shareholder vote in May 2018.

Japara Healthcare Ltd (ASX: JHC), the aged care facility owner, released an updated revenue and profit guidance to the market. Japara announced that following a Federal Court finding it will refund all of its “Capital Refurbishment Deductions” plus interest, to its residents.

“Revenue derived from its CRDs totalled $1.84 million in the 8 months to 28 February 2018 and totalled $2.82 million in prior financial years,” Japara said in its ASX announcement. After the refund, Japara expects operating profit to be between 14% and 19% lower than its 2017 result.

Finally, Fortescue Metals Group Ltd (ASX: FMG) announced that some of its debt holders have accepted its offer to purchase back around $US447 million of its debt.

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