The Australian share market or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index is expected to open slightly higher Wednesday morning, according to data from the Sydney Futures Exchange.
Here’s what you need to know:
SFE ASX 200 futures: +19
Australian Dollar ($A) (AUDUSD): 76.84 US cents
Dow Jones (DJI): up 1.6%
Oil (WTI): $US63.56 per barrel
Gold: $US1,337 per ounce
Overnight, London-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) finished 0.3% and 0.5% higher, respectively, according to Yahoo! Finance.
Australian Investing News
Making news in Australia and in the ASX 200, this morning, shares of Blue Sky Alternatives Investment Ltd (ASX: BLA) were released from their trading halt and suspension after its released a formal response to a recent short seller’s report. Read more about the report here.
In its announcement to the ASX today, Blue Sky said, in response to the Glaucus short seller report, that it “includes analysis of the financial position and performance of Blue Sky and its investments that is fundamentally flawed and inconsistent with market practice.”
Blue Sky added that the report, “ignores, or neglects to check, readily accessible public information which categorically disproves many of its fundamental assertions.”
Blue Sky said it has invited the Australian Securities and Exchange Commission to investigate the claims and instructed its US-based lawyers to serve legal letters on Glaucus as it, “evaluates possible future legal steps.”
Also making the news is gold mining company Resolute Mining Limited (ASX: RSG) which today announced that it will acquire 27% of Loncor Resources Inc (TSX: LN).
“Resolute is establishing a strategic position by acquiring interests in successful explorers with large holdings,” Resolute Mining’s CEO, John Welborn, said. “The investment in Loncor complements our existing interest in Kilo which has already delineated a 1.7 million ounce orebody in the region.”
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.