The Australian share market or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index is tipped to slightly higher Wednesday morning, according to the Sydney Futures Exchange.
Here’s what you need to know:
SFE ASX 200 futures: +7
Australian Dollar ($A) (AUDUSD): 76.83 US cents
Dow Jones (DJI): up 0.5%
Oil (WTI): $US63.42 per barrel
Gold: $US1,310 per ounce
Overnight, London-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) closed up 1.4% and up 1.3%, respectively.
Australian Investing News
Making news in Australia and in the ASX 200, yesterday’s release of TPG Telecom Ltd’s (ASX: TPM) half-year report will still be lingering in the minds of investors.
Despite announcing a full-year profit guidance upgrade, the telco’s shares were sold down. You can read more here.
Nufarm Limited (ASX: NUF), a $2.7 billion agricultural chemicals business, released its half year report to the ASX this morning. The Victorian company achieved a 7% rise in revenue with a profit of $12 million, that’s down from $20 million in the same half last year.
Rio Tinto Limited (ASX: RIO), the global mining giant, announced that it will use, “some of its surplus liquidity to further reduce gross debt”. Rio Tinto plans to undertake a bond-buying program equivalent to $2.25 billion.
Dairy co-op Fonterra Shareholders Fund (ASX: FSF) released its interim financial report covering the six months to 31 January 2018. Fonterra Chairman, John Shewan, said, “Fonterra’s overall operating result was generally in line with expectations.”
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