The Australian share market or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index is expected to open slightly higher Thursday morning, according to data from the Sydney Futures Exchange.
Here’s what you need to know:
SFE ASX 200 futures: +24
Australian Dollar ($A) (AUDUSD): 77.25 US cents
Dow Jones (DJI): up 1%
Oil (WTI): $US63.62 per barrel
Gold: $US1,333 per ounce
Overnight, London-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) finished down 2.5% and 2.6%, respectively, according to Yahoo! Finance.
Australian Investing News
Making news in Australia and in the ASX 200, this morning Synlait Milk (ASX: SM1) (NZE: SML) announced it had secured a multi-year lactoferrin supply agreement to double capacity at Synlait Dunsandel.
“Lactoferrin is a high value, speciality ingredient used in a range of nutritional food products around the world,”
Synlait CEO John Penno said.
Lactoferrin is an ingredient used in high-quality infant formula, an industry experiencing huge demand. “We’re deliberately building our lactoferrin business with stable, long-term growth in mind,” Penno added.
Recently, Synlait shares jumped 12% following the release of its half-year results. Read more: Why Synlait Milk Ltd Shares Moo-ved 12% Higher Today.
Silver Chef Ltd (ASX: SIV) announced it will suspend its dividend reinvestment plan for the dividend which is payable on 20 April 2018.
Auto parts business, Bapcor Ltd (ASX: BAP), revealed it had signed an agreement to sell its New Zealand business, TBS Group. Bapcor said TBS is “non-core” and the sale price of the infrastructure and asset maintenance business is NZ$35 million.
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