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

Here’s what you need to know:

SFE ASX 200 futures: +33

Australian Dollar ($A) (AUDUSD): 77.45 US cents

Dow Jones (DJI): up 2.8%

Oil (WTI): $US65.49 per barrel

Gold: $US1,353 per ounce

Overnight, London-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) closed down 1.2% and down 0.9%, respectively, according to Yahoo! Finance.

Australian Investing News

Making news in Australia and in the ASX 200, Air New Zealand Ltd (ASX: AIZ) provided its February investor update to the market.

Compared to February 2017, Air New Zealand carried 5.3% more passengers with a 6.3% increase in revenue passenger kilometres. Air New Zealand recently reported a half-year profit of $323 million, its second-highest interim profit ever.

Iron ore miner Fortescue Metals Group Limited (ASX: FMG) announced the redemption of $US1.5 billion of senior debt. Proceeds from a term loan signed on 21 February and the issuance of $US500 million of debt and $US100 million of cash enabled Fortescue to make the repayment.

Fortescue said the remaining balance of this particular debt is $US160 million, which will be repaid from the cash flow of the business.

Newcrest Mining Limited (ASX: NCM) publicly announced the recommencement of mining at its Cadia operation following a tailings dam collapse at the NSW mine earlier in March.

Elmo Software Limited (ASX: ELO) shares entered a trading halt today pending a capital raising.

Did you know it’s free to join The Rask Group’s Investor Club Newsletter? It’s a regular (usually weekly) news and educational update on financial markets, investing and unique strategies. Join today and get ready to laugh and learn.

Click here to join The Rask Group’s Investor Club Newsletter Today


Hey, you, read this disclaimer: This article contains information only. It is not financial advice. It is no substitute for trusted and licensed financial advice and should not be relied upon. By using our website you agree to our Code of EthicsDisclaimer & Terms of Use and Privacy Policy. Also, don’t forget, past performance is not a reliable indicator of future performance.