The Australian share market or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index is tipped to lower Wednesday morning, according to the Sydney Futures Exchange.
Here’s what you need to know:
SFE ASX 200 futures: -34
Australian Dollar ($A) (AUDUSD): 78.58 US cents
Dow Jones (DJI): down 0.7%
Oil (WTI): $US60.92 per barrel
Gold: $US1,326 per ounce
Overnight, London-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) closed down 0.3% and flat, respectively.
Australian Investing News
Making news in Australia and in the ASX 200, Westpac Banking Corp (ASX: WBC) announced the successful offer of its Westpac Capital Notes 5 raising approximately $1.7 billion.
Big Un Ltd (ASX: BIG), the video services business which recently landed in hot water following another Fairfax Media investigation, announced the resignation of David Conley and Elissa Lippiatt as company secretaries overnight. They will be replaced by Francis Farmakidis.
Big Un Ltd also took the time to confirm its outlook, saying it, “continues with its plans to build the board, its international roll-out, tech development and to deliver products and services to meet demand from Australia, USA and UK and will update the market shortly.”
Finally, outside of the ASX 200, aged care business Eureka Group Holdings Ltd (ASX: EGH) announced the acquisition of five seniors villages in Tasmania as part of a 50/50 joint venture with private investors. The purchase from Ingenia Ltd (ASX: INA) is at a total cost of $18 million.
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